International GAAP 2021Editie 1

International GAAP 2021

International GAAP 2021 is a detailed guide to interpreting and implementing International Financial Reporting Standards (IFRS). By setting IFRS in a relevant business context, it provides insights on how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching IFRS.

Written by EY financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. The book explains complex technical accounting issues clearly by setting IFRS in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world.

Volume 1 contains the following chapters and sections:

1. International GAAP
2. The IASB's Conceptual Framework
3. Presentation of financial statements and accounting policies
4. Non-current assets held for sale and discontinued operations
5. First-time adoption
6. Consolidated financial statements
7. Consolidation procedures and non-controlling interests
8. Separate and individual financial statements
9. Business combinations
10. Business combinations under common control
11. Investments in associates and joint ventures
12. Joint arrangements
13. Disclosure of interests in other entities
14. Fair value measurement
15. Foreign exchange
16. Hyperinflation
17. Intangible assets
18. Property, plant and equipment
19. Investment property
20. Impairment of fixed assets and goodwill
21. Capitalisation of borrowing costs
22. Inventories

Index of extracts from financial statements for all three volumes
Index of standards for all three volumes
Index for all three volumes

This book is printed on acid-free paper, responsibly manufactured from well-managed FSC-certified forests and other controlled sources.

This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, legal or other professional advice. Please refer to your advisors for specific advice.

ey.com/igaap