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International Financial Reporting Standards - IFRS/IAS - Ernst & Young Belgium - Ernst & Young - Belgium

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Library: Publications and Brochures


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Publications


IGAAP 2011 cover

  International GAAP®2011

 The 2011 update of International GAAP® is now available.  Written by Ernst & Young’s International Financial Reporting Group, International GAAP® 2011 is a comprehensive guide to interpreting and implementing IFRS and provides insights into how complex practical issues should be resolved in the real world of global financial reporting.
International GAAP® 2011 has been fully revised and updated in order to:

  • Deal with new and amended authoritative pronouncements, including the following:
    • New standard on Financial Instruments (IFRS 9)
    • Recent revisions to IAS 24 Related Party Disclosures, IAS 27 Consolidated and Separate Financial Statements and IFRS 3 Business Combinations
    • Changes that have been made through the 2010 Annual Improvements Process
    • International Financial Reporting Interpretations Committee (Interpretations Committee) Interpretations
    • Revisions to many other standards
  • Provide insight and guidance on the interpretation and practical application of IFRS from a global perspective, based on the experience of the book’s authors in dealing with recent day-to-day practical issues.
  • Explain the many initiatives that are being pursued by the IASB and the Interpretations Committee that will lead to changes in accounting requirements.  In particular, projects on Consolidation, Revenue Recognition, Leases, Financial Instruments and Insurance Contracts may all significantly impact current accounting practices.


You can order the International GAAP® 2011 book online on www.wileyigaap.com


IFRS Pratiques de Groupes EuropeensCommunication Financière 2007 IFRS: Les pratiques 2006 des grands groupes européens (July 2007 - ISBN 978-2-910-688-08-0)

Ernst & Young has recently published a study (only available in French) on the evolution in the application of IFRS in the 2006 financial statements for 73 large Europeans groups. The study brings out the difficulties and successes in the implementation of IFRS, specifically regarding the disclosure of performance, and the evolution in the application of the standards.

To download the flyer, click HERE

To order, please go to www.cpc-doc.com



Towards Convergence - A survey of IFRSTowards Convergence - a survey of IFRS to US GAAP differences (March 2007)

EY US Capital Markets Group reviewed IFRS to US GAAP reconciliations for over 130 companies, including 42% in the 2006 Financial Times Global 500 and over 100 IFRS first-time adopters across the globe. The analysis identifies and explains over 200 recorded and unique IFRS to US GAAP differences.

The survey provides an analysis and discussion of IFRS to US GAAP differences reported in 2005 US SEC Form 20-F filings. It includes both a subject matter and industry analysis and will be a valuable reference aide for professionals working on IFRS to US GAAP reconciliations.

The survey is of great interest and significant value to preparers of IFRS and US GAAP financial information and also those interested in a ‘one-time snap shot’ of the current state of convergence in the year of adoption. The survey is a useful aide memoire of reported IFRS to US GAAP differences in terms of generally accepted disclosure and reporting practice.

To download, click here


International Financial Reporting StandardsObservations on the Implementation of IFRS 

2005 saw the implementation of IFRS by more than 8,000 listed companies throughout the European Union and its incorporation into the national accounting standards of other countries such as Australia.


Ernst & Young has reviewed the 2005 financial statements of some of the largest companies in the world to see how they have applied IFRS – in the main for the first time – in their financial statements, to assess the degree of consistency and comparability among companies that has resulted from IFRS adoption, and to ascertain how performance measures based on IFRS have been used in market communications.

The implementation of IFRS has brought about significantly greater consistency in accounting recognition and measurement and far greater disclosure of information in financial statements. However, 2005 is just the beginning and there is a long way to go before reasonable consistency in all aspects of financial reporting under IFRS will be achieved.

This is due to the fact that no substantial body of custom and practice, of generally accepted ways of applying IFRS – of ‘International GAAP’ – has yet developed. It will only be after a number of years of full implementation, by a representative cross-section of businesses in a number of countries and industries, that a consensus will emerge over the way that, in practice and in the context of real commercial transactions, IFRS is actually to be applied. Until then, divergent practices and limited comparability and consistency are inevitable

To download click here



Articles and Brochures



Banking

Building Materials Sector


Business Combinations

Consumer products

General application of IFRS

European BoardMatters Quarterly

Financial Instruments 

IFRS for SMEs

Impairment of Assets

Income taxes

 

Industry Updates



Insurance

Leases



Power & Utilities

Real Estate and Investment

Revenue recognition


US markets

Shared-based payments 

Global IFRS Resources

IFRS graphic

Please see our Global IFRS site for additional resources, including Ernst & Young's global IFRS newsletter, IFRS outlook and web based learning modules.

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