Summary

With more than 120 countries now using international financial reporting standards (IFRS) knowledge of the standards issued by the International Accounting Standards Board (IASB) is vital to students' success in financial accounting.

With more than 120 countries now using international financial reporting standards (IFRS) knowledge of the standards issued by the International Accounting Standards Board (IASB) is vital to students' success in financial accounting. This text employs a practical applied approach in exploring and explaining the key international standards. With a focus on how to implement the standards, this text delivers a focused, user-friendly introduction to international financial accounting.