Understanding International Financial Reporting Standards is the first book to make IFRS accessible to students. It covers the principles and application of all IFRS and includes:

• summaries (including flowcharts) of the key points of each IFRS
• examples showing the application of the principles in each IFRS
• extracts from the published financial statements of companies that use IFRS
• brief explanations of how IFRS principles differ from national principles
• discussion and examination questions