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IFRS Convergence - A Practical Perspective (Paperback, New)
Loot Price: R2,034
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IFRS Convergence - A Practical Perspective (Paperback, New)
Series: Wiley Regulatory Reporting
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The practical guide to merging GAAP and IFRS in the new accounting
environment IFRS Convergence is a practical guide to implementing
various requirements under International Financial Reporting
Standards. With detailed discussion of every standard, this book
provides a workable blueprint for incorporating IFRS requirements
into current accounting practices without major procedural
upheaval. Readers will gain a deeper understanding of the standards
and their accepted interpretations, and find expert tips that
highlight the finer points to facilitate everyday application.
Designed as a resource for both new and more seasoned
professionals, the book's concise approach and focused explanations
make it a useful ready reference for all stages of the convergence
process. The book will not only be helpful for organisation
adopting IFRS for the first time, but will also be a great guide
for implementing the changes and new standards for IFRS compliant
organisations. More than a hundred countries have adopted IFRS, and
that number continues to grow. In the U.S., uncertainty surrounding
the IFRS adoption process has placed greater importance on
familiarity with the standards, and accounting professionals are
increasingly expected to have implementation ability. IFRS
Convergence clarifies the standards from the viewpoint of
implementation issues, providing a valuable reference that helps
readers to: * Understand key concepts of convergence and the scope
of the issue * Learn how convergence will affect accounting
treatments, presentation, and disclosure * Study a model accounting
policy under each IFRS * Improve their understanding on practical
implementation issues through tips and tricks capsules * Find
explanations and interpretations of major IFRS-related definitions
Collaboration between the U.S. and international boards is
gradually erasing the boundaries between IFRS and GAAP. Convergence
efforts are continually underway, and accounting professionals are
under pressure to remain up to date on the latest standards and
practices. IFRS Convergence provides the interpretations,
explanations, and actionable guidance professionals need to stay
current.
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