Intermediate Accounting IFRS - International Adaptation

International Financial Reporting Standards (IFRS) are a set of accounting standards and rules issued by the International Accounting Standards Board (IASB) that govern how particular types of transactions and events should be reported in financial statements. By presenting IFRS in light of current accounting practice, this book helps students gain practical knowledge of the topic that they can apply as they advance into their accounting careers. This text not only offers a more comprehensive understanding of IFRS standards but also emphasizes fair value, proper accounting for financial instruments, and new developments in international accounting.

This 'Fifth Edition of Intermediate Accounting', IFRS continues the tradition of providing useful information to educators and students interested in learning about IFRS. In addition to covering the latest IFRS standards and how they are applied in practice, this edition provides new learning aids such as Accounting Matters and Analytics in Action to help students master the text material. The edition also includes an appendix on ESG Reporting that explains what kind of information is included in ESG reports.

New to this Edition
- Chapters 1 and 2 from the previous edition merged into one chapter. This consolidation should be helpful to students as it provides in one chapter the framework for concepts used in subsequent chapters.
- MORE information related to revenue recognition in Chapter 3.
- MORE headings and bulleted/numbered lists to highlight key information.
- NEW Analytics in Action feature in selected chapters.
- NEW numbered examples throughout the discussion.
- NEW appendix on Environmental, Social, and Governance Reporting that explains what ESG reporting is, why it is important, and what kind of information is included in ESG reports.