International GAAP 2019

International GAAP® 2019 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 EYs financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. Complex technical accounting issues are explained clearly and IFRS is set in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world.

The 2019 edition of International GAAP® has been fully revised and updated in order to:

• Continue to investigate the many implementation issues arising as entities adopt IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers).

• Explore the complex implementation issues arising as entities adopt, in 2019, IFRS 16 (Leases).

• Include an updated chapter on the new insurance contracts standard IFRS 17 (Insurance Contracts), which reflects the recent discussions of the IASB’s Transition Resource Group on implementation issues raised, proposed narrow-scope amendments to IFRS 17 intended by the IASB, and also explores other matters arising as users prepare for the adoption of this standard.

• Include an amended chapter on the revised Conceptual Framework, which was published in March 2018. The changes to the Conceptual Framework may affect the application of IFRS in situations where no standard applies to a particular transaction or event.

• Address amended standards and new interpretations issued since the preparation of the 2018 edition.

• Explain the many other initiatives that are currently being discussed by the IASB and by the IFRS Interpretations Committee and the potential consequential changes to accounting requirements.

• Provide insight on the many issues relating to the practical application of IFRS, based on the extensive experience of the book’s authors in dealing with current issues.

Volume

1 International GAAP

2 The IASB’s Conceptual Framework

3 Presentation of financial statements and accounting policies

4 Non-current assets held for sale and discontinued operations

5 First-time adoption

6 Consolidated financial statements

7 Consolidation procedures and non-controlling interests

8 Separate and individual financial statements

9 Business combinations

10 Business combinations under common control

11 Investments in associates and joint ventures

12 Joint arrangements ...

13 Disclosure of interests in other entities

14 Fair value measurement

15 Foreign exchange

16 Hyperinflation

17 Intangible assets

18 Property, plant and equipment

19 Investment property

20 Impairment of fixed assets and goodwill

21 Capitalisation of borrowing costs

22 Inventories

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Volume

23 Leases (IAS 17)

24 Leases (IFRS 16)

25 Government grants

26 Service concession arrangements

27 Provisions, contingent liabilities and contingent assets

28 Revenue

29 Income taxes

30 Share-based payment

31 Employee benefits

32 Operating segments

33 Earnings per share

34 Events after the reporting period

35 Related party disclosures

36 Statement of cash flows

37 Interim financial reporting

38 Agriculture

39 Extractive industries

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Volume

40 Financial instruments: Introduction

41 Financial instruments: Definitions and scope

42 Financial instruments: Derivatives and embedded derivatives

43 Financial instruments: Financial liabilities and equity

44 Financial instruments: Classification

45 Financial instruments: Recognition and initial measurement

46 Financial instruments: Subsequent measurement

47 Financial instruments: Impairment

48 Financial instruments: Derecognition

49 Financial instruments: Hedge accounting

50 Financial instruments: Presentation and disclosure

51 Insurance contracts (IFRS 4)

52 Insurance contracts (IFRS 17)

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