Insights Into IFRS

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International Financial Reporting Standards (IFRSs) are the new global language of financial reporting. Insights into IFRS can be your guide to preparing and understanding financial statements that use IFRSs. In Insights into IFRS, the KPMG International Financial Reporting Group has laid out an overview of the requirements of IFRSs and provided extensive interpretative and application guidance based on seven years of experience working with IFRSs around the world. For ease of use, it is organised by topic to follow the structure of a set of financial statements and is cross-referenced extensively to the relevant standards and interpretations. It emphasises the application of IFRSs in practice and explains the conclusions reached by the KPMG International Financial Reporting Group on many interpretative issues. It is based on questions that have arisen around the world and includes many illustrative examples to clarify the application of the standards.