Understanding IFRs is for the beginners and the experts.  It contains lucid and illustrative discussion of all International Financial Reporting Standards (IFRSs 1-8), International Accounting Standards (all applicable standards), IFRIC Interpretations (1, 3-18), SIC

Interpretations (all applicable SICs) with demonstration of accounting entries, valuation techniques and disclosures.

Some of the Topics Comprehensively Discussed are:

• Global Convergence 

Convergence versus Adoption 

• Presentation of Financial Statements

Statement of Comprehensive Income 

Statement of Changes in Equity 

Classified Statement of Financial Position 

• Inventories
• Revenue

Continuing Managerial Involvement

Customer Loyalty Programme

Sale of Real Estate

• Property, Plant & Equipment

Depreciation by Components 

• Intangible Assets 

Valuation of Technology Based, Contract Based and Customer Related Intangibles 

Intangibles having Indefinite Useful Life

• Impairment Analysis 

Fair Value Less Costs to Sale 

• Business Combination 

Fair Value Based Acquisition Accounting 

• Financial  Instruments

Puttable Instruments Classified as Equity Accounting for Short Selling and REPO

Zero Coupon Bond

Amortised Cost Method

Held to Maturity Tainting Rule

Classifying Floating Rate Loan as HTM

Segregation of embedded Derivatives

Compound Financial Instruments 

Reclassification Adjustments

Hedge Accounting and Unwinding of Hedges

• Service Concession Arrangements

Cash Flow Approach and Intangible Accounting Approach

•  Investment Property
• Agriculture 
• Income Tax

Tax Base

Taxable Temporary Difference

Deductible Temporary Difference

• Currency Translation 

Segregation of Currency Fluctuation Element from fair Value Changes