IFRS For Dummies

Discusses the basics of international financial reporting, addressing where the rules of IFRS apply, how financial statements are affected, different ways of preparing financial statements under the standards, and how to avoid common pitfalls.
This plain-English guide to the International Financial Reporting Standards helps you get the lowdown on the who, what, and why, and provides practical, real-world examples.
The easy way to get a grip on International Reporting StandardsIFRS For Dummies is your complete introduction to IFRS and international accounting and balancing standards. Combining all the facts needed to understand this complex subject with useful examples, this easy-to-read guide will have you on top of IFRS in no time.In plain English, it helps you make sense of IFRS and your understanding of: what they are and where they apply; how to adopt IFRS for the first time; how IFRS affects the key components of your financial statements; how to disclose information in financial statements; and much more.Covers what to do if you're applying IFRS for the first timeExplains complicated material in plain EnglishHelps you make sense of this principles-based set of standards that establish broad rules for financial reportingIf you're an accountant, student, or trainee in need of accessible information on IFRS, this hands-on, friendly guide has you covered.