Ernst & Young and Alpina Business Books present a new edition of International GAAP® 2010
MOSCOW, 17 JUNE 2010 – Ernst & Young, in association with Alpina Business Books Publishing House, has released International GAAP® 2010.
The fifth extended and revised edition of International GAAP® 2010 is a unique guide taking a global consistent approach to IFRS. The 2010 version is a three-volume paperbacked set that covers all standards and interpretations effective as of September 2009, to be referred to in the preparation of 2010 IFRS financial statements.
The content of the book has been revised and expanded as compared to the previous year edition in order to:
- Deal with all new and amended standards issued by the IASB and interpretations adopted by the IFRIC, including guidelines for applying revised IAS 1 "Presentation of Financial Statements", IAS 23 "Borrowing Costs", IAS 27 "Consolidated and Separate Financial Statements", IFRS 3 "Business Combinations".
- Provide detailed guidance on the interpretation and practical application of IFRS in the global context leveraging the expertise of authors in handling urgent practical issues.
- Clarify a whole number of current developments by the IASB and IFRIC, which will impact accounting requirements.
The edition in particular addresses the recently published documents for discussion regarding the recognition of revenue and lease, as well as the drafts for discussion on financial instruments, consolidation, income tax and joint activity, which may significantly impact currently effective accounting principles.
International Financial Reporting Standards (IFRS) established by the IASB are a complex area of expertise, and a special guide is invaluable in order to understand their implications and apply them correctly.
At the presentation of the guide, Dmitry Weinstein, Partner and Head of Ernst & Young’s International Financial Reporting Group in the CIS, said: "Unlike a variety of similar books, this publication, apart from the IFRS as such, clarifies the supplemental literature dealing with specific accounting issues. In addition, International GAAP® 2010 contains multiple case studies of the best IFRS practice, as well as excerpts of financial statements published by the largest world companies. We are confident that the new edition will be of help both in preparing financial statements for 2010 and in crafting accounting policies for 2011."
Ernst & Young’s International Financial Reporting Group is a team of financial reporting specialists from all around the world. Complex professional accounting issues are handled practically, providing for quick insight into the subject matter.
International GAAP® 2010 addresses relevant issues and their possible alternative solutions. It contains hundreds of case studies from real-life financial statements prepared by companies reporting under IFRS.
Order your copy at: http://www.alpina.ru/
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