Wiley Interpretation and Application of International Financial Reporting Standards 2011 (Wiley Ifrs: Interpretation & Application of International Financial Reporting Standards)

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Product Description

A one-stop resource for understanding current International Financial Reporting Standards

As the International Accounting Standards Board (IASB) makes significant strides in achieving global convergence of accounting standards worldwide, the International Financial Reporting Standards (IFRS) become extremely important to the accounting world. Wiley IFRS 2011 provides the necessary tools for understanding the IASB standards and offers practical guidance and expertise on how to use and implement them.

• Covers the most recent International Financial Reporting Standards (IFRS) and IFRIC interpretations
• An indispensable guide to IFRS compliance
• Provides a complete explanation of all IFRS requirements, coupled with copious illustrations of how to apply the rules in complex, real-world situations

Written by two well-known international experts on the subject with hands-on experience in applying these standards, this book is an indispensable guide to IFRS compliance.

Wiley Interpretation and Application of International Financial Reporting Standards 2011 (Wiley Ifrs: Interpretation & Application of International Financial Reporting Standards) Review

The Wiley series of IFRS is highly recommended.

I have been a loyal user of this series since the 2004 version.

WILEY IAS 2004: Interpretation and Application of International Accounting and Financial Reporting Standards (Wiley Ifrs)

In this new age high tech world, all of us can be said to be living in the era of "updates".
E.g., your o/s and anti-virus need daily updates.
Heck, even my blu-ray player needs its firmware to be updated on a regular basis .... :)

Where accounting knowledge is concerned, there is no better series of updates than the Wiley Series of IFRS standards.

Here's the reasons why every accountant or auditor out there should buy a copy of this excellent work.

1. Detailed Analysis

The authors provide great detail about the reporting standards.

They have worked in various industries before and their experience shows in the way they write.
No matter what industry you come from, more often than not, the authors will share their knowledge of the accounting scenarios you are likely to face for your particular industry.

They are also willing to share their professional opinion on the proper accounting treatment and alternatives if any.

2. Up to Date

This series is updated on a yearly basis.

3. Comparison between American GAAP and IFRS

After so many decades, the convergence process is finally proceeding very well.

There is an in-depth section on the differences between IFRS and GAAP and this is useful to accountants who work for any MNC with a US based HQ. Or if you have a subsidiary in the States, the section on the accounting differences is invaluable.

4. Real Life examples

The authors provide real life examples of the disclosures to be made.

Numerical examples are also provided where applicable.

5. Clarity of expression

This book is very well written.

For every chapter, they follow a tried and tested way of explaining each accounting topic.

They usually start with a simple scenario and then increase the complexity to deal with a myriad of real life accounting situations.

BTW, there is also a soft-copy version for those who don't want to lug this "telephone book" behemoth around.... hee hee
Well, at least this is not a "white elephant"... ;)

Wiley Interpretation and Application of International Financial Reporting Standards 2011, CD-ROM

Here's a final tip, if you are thinking of getting both the soft-copy version and the printed version, it is cheaper to order each separately from Amazon.

As at the time of this writing, the combined set costs US$228.20

Wiley Interpretation and Application of International Financial Reporting Standards 2011, Book and CD-ROM Set (Wiley Ifrs)

However, the book on its own costs US$76.
The CD-Rom only item costs US$112.

Most of the consumer Reviews tell that the "Wiley Interpretation and Application of International Financial Reporting Standards 2011 (Wiley Ifrs: Interpretation & Application of International Financial Reporting Standards)" are high quality item. You can read each testimony from consumers to find out cons and pros from Wiley Interpretation and Application of International Financial Reporting Standards 2011 (Wiley Ifrs: Interpretation & Application of International Financial Reporting Standards) ...