International Accounting / Financial Reporting Standards Guide (2009) (Miller International Accounting Standards Guide)

Understanding reporting standards issued by the IASB is essential for those who prepare and/or interpret financial statements and are required to comply with the increasingly complex set of international accounting and financial reporting standards. The International Accounting Financial Reporting Standards Guide is your survival handbook in today's global economy. It keeps you up-to-date on the latest general and industry-specific international reporting standards and the proposed changes on your immediate horizon that will most likely alter the way in which you must account for and disclose information. An understanding of this material is also essential for those who need to understand or interpret financial statements prepared under IASB GAAP, which includes thousands of large enterprises in Europe and Australia. Further, the implications of the promised increasing convergence between U.S. and IASB GAAPs can only be appreciated with a knowledge of IASB pronouncements. The International Accounting/Financial Reporting Standards Guide organizes accounting pronouncements into two parts: general standards and industry-specific standards. The Practice Pointers featured throughout this edition point out, in plain English, how to apply the standards just discussed. Material in the International Accounting/Financial Reporting Standards Guide can be easily located several ways: the Cross-Reference shows the chapter in which a particular pronouncement is discussed; the Table of Contents directs you to a specific topic area; and the Index provides a quick page reference.