Frequently Asked Questions on IFRS Book

Paperback. Pub Date :2013-03-15 Pages: 416 Language: English Publisher: Wiley A concise FAQ guide to IFRS principles and practices International Financial Reporting Standards (IFRS) became mandatory in the EU in 2005. and they will almost certainly be adopted by most other developed countries in the near future. Unlike US-GAAP and other sets of standards. the IFRS are principles-based rather than rules-based. putting the onus of interpretation more on users than has previously been the case. Under IFRS users must understand the economic substance of operations. and they must be able to make assumptions. hypotheses. and estimations leading to an accounting treatment consistent with the general objectives of and principles behind IFRS financial reporting. In a handy. easy-to-navigate Q & A format . Frequently Asked Questions on IFRS provides accounting and finance professional...Read More