International Accounting Standards is a hands-on guidebook for those who do the actual work of preparing financial statements, and who must interpret and apply IAS on a daily basis. It provides extensive and detailed interpretation of those complex rules along with a vast number of real-world examples to help explain how the standards are applied. The book also includes a disclosure checklist to help accounting firms and corporate preparers ensure compliance with IAS disclosure requirements.

Topics covered include:

• Researching IAS problems
• Cash, receivables, short-term investments, and financial instruments
• Special revenue recognition areas
• Long-lived assets
• Business combinations and consolidated financial statements
• Accounting for income taxes and pensions
• Specialized industry GAAP
• And much more

This timely, practical, easy-to-use guide is an indispensable tool of the international accounting trade.