60 percent of the content of the book is example based. This approach makes the book unique and facilitates the quick understanding of the rules. By contrast, most other books only include a small(er) number of examples and consequently do not illustrate the application of the rules in practice effectively. The book aims at capturing problems and their solutions by using explanations which are short, simple and easy to understand. Obscure language and incomplete illustrations are avoided. The book strikes a balance between explaining the underlying theories and practical illustration of principles.
Book Details:
- Author: Dieter Christian
- ISBN: 9781118494714
- Year Published: 2013
- Pages: 562
- BISAC: BUS001050, BUSINESS & ECONOMICS/Accounting / Standards (GAAP, IFRS, etc.)
About the Book and Topic:
60 percent of the content of the book is example based. This approach makes the book unique and facilitates the quick understanding of the rules. By contrast, most other books only include a small(er) number of examples and consequently do not illustrate the application of the rules in practice effectively. The book aims at capturing problems and their solutions by using explanations which are short, simple and easy to understand. Obscure language and incomplete illustrations are avoided. The book strikes a balance between explaining the underlying theories and practical illustration of principles.
International Financial Reporting Standards (IFRS) need no introduction. Over the last ten years they have replaced national GAAPs and for the first time give a consistent method of comparing financial reporting across jurisdictions. More than 12,000 companies in over 100 countries have now adopted IFRS as their national standards. The European Commission made IFRS mandatory for all 6,000 EU public companies (including some 2,000 in the UK) in 2005. Outside of the EU, other significant regions and countries such as Canada, Australia, Russia, and South Africa have already adopted IFRS, whilst others including Brazil, Mexico, India, China and Japan are already committed to imminent IFRS adoption.
EXAMPLE DRIVEN: 60 percent of the content of the book is example based with fully worked solutions. This helps to facilitate an understanding and application of the rules. PRACTICAL: the book has been constructed with the needs of young professionals in mind using explanations which are short, simple and easy to understand obscure language and incomplete illustrations are avoided AUTHOR TEAM: strong author team with both practical experience at BDO and experience of teaching principles.
About the Author
Dr. Dieter Christian is a lecturer at the Vienna University of Economics and Business, several other Austrian universities and various private seminar companies. He is an author in the area of IFRS and Austrian GAAP. He was formerly a Senior Manager and head of the department for IFRS and Austrian GAAP at BDO Austria and also worked in the IFRS department for PricewaterhouseCoopers in Austria. He has a Doctorate in Business Administration and an MBA from Vienna University of Economics and Business. He is a Member of the IFRS working group of the Austrian Financial Reporting and Auditing Committee (AFRAC). Dr. Norbert Lüdenbach is a tax advisor and chartered accountant, and is Head of the IFRS Department of BDO Germany. He is an author of commentaries on IFRS and German GAAP as well as being a lecturer at the University of Freiburg (Germany). He is also the publisher of a practice-oriented German IFRS journal which is published on a monthly basis.