Summary: "In Insights into IFRS, the KPMG International Financial Reporting Group lays out an overview of the requirements of IFRSs and provides extensive interpretative and application guidance based on KPMG member firms' in-depth experience working with clients on IFRS issues around the world. The 5th annual edition enables you to: Learn from ten years of research and hands-on experience of the KPMG International Financial Reporting Group -- Understand more clearly the practical issues of applying and interpreting IFRSs -- Use illustrative examples from around the world to avoid re-solving problems -- Readily identify and have solutions for issues that can arise on first-time adoption of IFRSs -- Benefit from having the requirements explained and discussed by topic -- Cross-reference topic areas with relevant standards and interpretations using the easy-to follow paragraph numbering -- Anticipate and understand the impact of forthcoming requirements and possible changes to requirements as a result of current IASB projects .The 2008/9 5th Edition of Insights into IFRS is based on standards in issue at 1 August 2008 that are mandatory for an annual period beginning on 1 January 2008. It also details the implications of standards and interpretations in issue at 1 August 2008 but not yet effective for annual periods beginning on 1 January 2008 and highlights areas of IFRSs that may change as a result of the ongoing projects of the IASB and IFRIC. KPMG International Financial Reporting Group is part of KPMG IFRG Limited."--Publisher description.

Insights into IFRS: KPMG's practical guide to International Financial Reporting Standards is from the KPMG International Financial Reporting Group and Thomson. International Financial Reporting Standards (IFRSs) are the new global language of financial reporting. Insights into IFRS can be your guide to preparing and understanding financial statements that use IFRSs. In Insights into IFRS, the KPMG International Financial Reporting Group has laid out an overview of the requirements of IFRSs and provided extensive interpretative and application guidance based on seven years of experience working with IFRSs around the world. For ease of use, it is organised by topic to follow the structure of a set of financial statements and is cross-referenced extensively to the relevant standards and interpretations. It emphasises the application of IFRSs in practice and explains the conclusions reached by the KPMG International Financial Reporting Group on many interpretative issues. It is based on questions that have arisen around the world and includes many illustrative examples to clarify the application of the standards. of IFRSs. It is based on standards that were in issue at 1 August 2005 and that are mandatory for an annual period beginning on or after 1 January 2005. It also covers new standards that are not required for 2005 but will apply soon and highlights areas of IFRSs that may change as a result of the ongoing projects of the IASB and IFRIC. The KPMG International Financial Reporting Group is part of KPMG IFRG Limited. How Insights into IFRS can help you? Learn from seven years of research and hands-on experience of the KPMG International Financial Reporting Group. More clearly understand the practical issues of applying and interpreting IFRSs. Use illustrative examples from around the world to avoid re-solving problems. Readily identify issues that can arise on first-time adoption of IFRSs. Benefit from having the requirements explained and discussed by topic. Anticipate forthcoming requirements and possible changes to requirements as a result of IASB activity.

An invaluable aid to companies and auditors involved in first-time adoption of the new SMEs standard Applying the IFRS for SMEs provides expert insights and explanations of the International Financial Reporting Standards (IFRS) for small and medium enterprises (SMEs) issued by the International Accounting Standards Board (IASB). This important book includes comprehensive coverage of this recently issued standard aimed at small and medium-sized businesses. Provides essential coverage for application of IFRS-now a necessity in the accounting world Includes Foreword by Paul Pacter, Director of Standards for SMEs, IASB Offers commentary on the theory in the standard, illustrative disclosures, comprehensive illustrative financial statements and comparisons to full IFRS Includes relevant real life worked out examples aimed at SMEs, plus summaries of important points The first book on how to apply the new SMEs standard, Applying the IFRS for SMEs is a must-have book for your small or medium-sized business.

International GAAP 2020 is a comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context, and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying, or teaching IFRS. Written by financial reporting professionals from around the world, this guide to reporting under IFRS provides a global perspective, clearly explaining complex technical accounting issues and setting IFRS in a practical context. Numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world are included. The 2020 edition has been fully revised and updated with information on the latest IFRS changes and current issues.