The purpose of this book is to set out the principles and conceptual issues of consolidated financial statements as based on International Financial Reporting Standards (IFRSs).

Accounting Standards...in Brief presents accounting standards and interpretations issued by the South African Institute of Chartered Accountants in a summarised format. Incorporated into this text are the changes brought about by new accounting standards, issued as a consequence of the South African Institute of Chartered Accountants' Improvement of Accounting Standards Project. This publication may be used in conjunction with the well-known and established question book, Accounting Standards. Accounting Standards...in brief is not aimed at learners studying to become chartered accountants; these learners are encouraged to use the original source text, namely Accounting Standards.

This edition uses the terminology of SAICA's harmonisation project - bringing South African standards in line with international standards - to cover all aspects of consolidation techniques and disclosure required by the tertiary curriculum in the subject of 'Consolidated Financial Statements'. Additional illustrative questions and solutions offer the student greater exposure to problem areas, so that uncertainties about the subject can be eliminated. Some questions are also included without solutions. These are available to lecturers at institutions where the title is prescribed. By reading this text the student is encouraged to study the subject in greater depth and across a wider spectrum than is possible in a classroom situation.

The purpose of this book is to set out the principles and conceptual issues of consolidated financial statements as based on International Financial Reporting Standards (IFRSs).