International GAAP Resources - Ernst & Young - Global

Why you need International GAAP® 2012

The 2012 update of International GAAP® is now available. Written by financial reporting professionals from the International Financial Reporting Group of Ernst & Young, International GAAP® 2012 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® Online is also available to clients of Ernst & Young, subject to subscription via our online research tool GAAIT.

The three volume retail edition of International GAAP® is available from www.igaap.info and is priced at £135/US$220/€162.00.

International GAAP® 2012 has been fully revised and updated to:

• Deal with new and amended authoritative pronouncements, including:
  • New standards on Consolidated Financial Statements (IFRS 10); Joint Arrangements (IFRS 11); Disclosure of Interests in Other Entities (IFRS 12); and Fair Value Measurement (IFRS 13)
  • Revisions to other standards including Financial Instruments (IFRS 9); Presentation of Financial Statements (IAS 1); Income Taxes (IAS 12); Employee Benefits (IAS 19); Separate Financial Statements (IAS 27); and Investments in Associates and Joint Ventures (IAS 28).
• Explain the many initiatives that are currently being pursued by the IASB and IFRS Interpretations Committee that may lead to changes in accounting requirements. In particular, projects on revenue recognition, leases, financial statement presentation, financial instruments and insurance contracts may all significantly change current accounting practices.
• 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.
• Present the sections relating to financial instruments and insurance contracts in a separate volume for ease of access.

Providing interpretation and practical guidance, every chapter contains detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively. International GAAP® 2012 contains numerous worked examples and illustrations taken from the financial statements of companies that report under IFRS.

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® 2012 is the essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching financial reporting under IFRS.