Ernst & Young and Alpina Business Books present a new Russian edition of International GAAP

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MOSCOW, 17 August 2011 - Ernst & Young, in association with Alpina Business Books, has released International GAAP® 2011 (Russian edition).

The 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.

The Russian edition of International GAAP® 2011 is the most complete and detailed guide in Russian on applying International Financial Reporting Standards (IFRS). The book, prepared by specialists in Ernst & Young’s International Financial Reporting Group, does not simply state IFRS requirements, but clarifies various complex accounting and reporting issues and their application in specific business situations. Complicated IFRS interpretations are illustrated with numerous case studies as well as excerpts from financial statements published by major world companies. It will be an essential guide for all those who apply, analyze or teach IFRS – financial statements’ preparers, auditors, regulators, students and university instructors.

Ernst & Young’s International Financial Reporting Group is a team of financial reporting specialists from around the world. Complex professional accounting issues are handled practically, providing for quick insight into matters of interest.

The sixth revised and expanded edition of International GAAP® 2011 (Russian edition) covers new and amended standards and interpretations as well as numerous projects currently implemented by the IASB and IFRIC which will impact accounting requirements in the near future. This publication will be of assistance in preparing IFRS financial statements for 2011.

This year’s edition has been revised and expanded in order to:

  • Deal with all new and amended standards and interpretations, including a new standard for financial instruments (IFRS 9) and the revised IAS 24 “Related Party Disclosures”, IAS 27 “Consolidated and Separate Financial Statements” and IFRS 3 “Business Combinations” as well as amendments introduced as part of the annual “Improvements to IFRSs”project (2010);
  • Clarify numerous projects currently being implemented by the IASB and Interpretations Committee which will impact accounting requirements in the near future. In particular, developments with respect to consolidation, recognition of revenue, leasing and financial instruments may significantly impact current accounting principles;
  • Provide detailed guidance on the interpretation and practical application of IFRS in a global context, leveraging the authors’ expertise in handling urgent practical issues.

Order your copy at: http://www.alpina.ru/

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