International GAAP® 2015

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The 2015 edition of International GAAP® is now available. It has been fully revised and updated by financial reporting professionals from the International Financial Reporting Group of EY.

International GAAP® 2015 is your essential IFRS reference tool. It provides worked examples and hundreds of illustrations detailing complex technical accounting issues to help resolve financial reporting problems.

The three volume retail edition of International GAAP® is available from and is priced at £140/US$225/€168.

EY clients can also access International GAAP® Online by subscribing to EY’s online research tool, GAAIT.

What is new

International GAAP® 2015:

  • Includes a new chapter on the new revenue recognition standard IFRS 15 (Revenue from Contracts with Customers). This is a joint standard issued by the IASB and FASB which is likely to affect all entities in all industries, and will require the use of more judgments in applying its requirements.
  • Includes a new chapter on the new IFRS 9 (Financial Instruments) expected credit loss impairment model. The new model will have a major effect on financial institutions, in many cases, significantly increasing the level of credit allowances and the volatility of the charge to profit or loss.
  • Examines the practical issues arising from the adoption of IFRS 10 (Consolidated Financial Statements), IFRS 11 (Joint Arrangements), IFRS 12 (Disclosure of Interests in Other Entities), IFRS 13 (Fair Value Measurement) and IAS 19 Revised (Employee Benefits).
  • Addresses amended standards and new interpretations issued since the preparation of the 2014 edition.
  • Provides insight on the many issues relating to the practical application of IFRS, based on the extensive experience of the book’s authors in dealing with recent day-to-day issues.
  • Explains the many initiatives that are currently being discussed by the International Accounting Standards Board (IASB) and by the IFRS Interpretations Committee and the potential consequential changes to current accounting requirements. In particular, projects on insurance contracts, leases and the conceptual framework for financial reporting may all result in significant changes to current accounting practice.

IFRS, the standards set by the International Accounting Standards Board (IASB), are complex. Understanding their implications and applying them appropriately is critical. That is why International GAAP® 2015 is the essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching financial reporting under IFRS.