International GAAP 2005

International GAAP. 2005 goes much further than explanation. It interprets the standards, sets them in context, and gives insights into how difficult day-to-day practical issues should be resolved in the real world of financial reporting.
Covers all the new standards required for 2005 year ends
Specifically written for global consistency, as approved by the Global IFRS Policy Committee of Ernst & Young
Detailed contents section and index to aid speed of reference
Each chapter of the book deals with a key area of IFRS and has a common structure for ease of use:
An introduction to the background issues
An explanation of relevant principles
A clear exposition of the requirements of IFRS
A discussion of the implications in practice
Worked examples
Extracts for the accounts of real companies
A full listing of the required disclosures
Full guidance on the first time adoption of IFRS