Why you need International GAAP® 2008

International GAAP® 2008 gives an international consistency of approach to IFRS unavailable elsewhere.

c.3,400pp, from John Wiley at UK£115 US$240 €185
+44 (0)1243 843294
International GAAP online is also available to clients of Ernst & Young.

The book has increased in length by approximately 800 pages since the 2007 edition, due to the fact that it has been revised, updated and expanded substantially in order to:

• deal with new and amended authoritative pronouncements and exposure drafts, including the new revised standards on business combinations and consolidated financial statements
• provide insight and guidance in detail on the interpretation and practical application of IFRS from a truly global perspective, based on the experience of the book’s authors in dealing with recent day-to-day practical issues
• update and expand the extracts from the published accounts of real companies from around the world
• include an entirely new chapter on accounting for the Extractive Industries (mining, oil & gas), the biggest industry sector in the world.

As a result, the book is now published in two volumes over 3,456 pages, comprising 39 chapters, three indexes, and 90 pages of detailed contents.

International Financial Reporting Standards (IFRSs), the standards set by the International Accounting Standards Board (IASB), are complex and sometimes obscure. Understanding their implications and applying them appropriately can require help... and that is why International GAAP® 2008 is the essential tool for anyone applying, auditing, interpreting, regulating, studying and teaching international financial reporting. It provides detailed interpretation and practical guidance for busy professionals, and includes, in every chapter, detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively.

International GAAP® 2008 is the only globally focused work on IFRSs. It is not constrained by any individual country’s legislation or financial reporting regulations, and it ensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the new complex global world of international financial reporting, where IFRSs have become the accepted financial reporting system in more than 100 countries. This integrated approach provides a high level of authoritative material for anyone involved in preparing, interpreting or auditing company accounts, for regulators, academic researchers and for students of accountancy.

The International Financial Reporting Group of Ernst & Young includes financial reporting professionals from throughout the world. Complex technical accounting issues are explained clearly in a practical working context that enables immediate understanding of the point at issue.

International GAAP® 2008 includes numerous worked examples, a detailed discussion of the practical issues of the day and the possible alternative solutions available, and hundreds of practical illustrations taken from the actual financial statements of companies that report under IFRSs.

"An important part to play in the process of promoting consistent, comparable and high quality financial reporting under IFRSs… a book that not only provides an analysis of the requirements of the standards and the principles that they expound, but also presents a unique explanation of how the standards should be interpreted and applied in practice." — The Chairman of Trustees of the International Accounting Standards Committee Foundation

What the Press said about previous editions:
"A standard reference work" — Financial Times
"The definitive guide to financial reporting" — The Times