International Financial Reporting Standards

Reviews / Votes

"Accounting standard setters are being challenged by the need to promulgate rules for reporting business transactions, events, and contracts in a world of ever-growing interconnectedness and complexity. The International Accounting Standards Board has addressed this challenge by expanding the scope and coverage of IFRS to the extent that they now rival U. S. GAAP. In this book, Professors Burton and Jermakowicz lucidly describe IFRS in a presentation appropriately founded upon a conceptual framework. In each chapter, the authors set forth the learning objectives, summarize the pertinent concepts and principles, and conclude by explaining the applicable rules. Cogently linking concepts with rules of practice, this book should prove very useful to students in paving the way toward a clear understanding of IFRS." - A. Rashad Abdel-khalik, Professor, University of Illinois, USA

"In this effective introduction to IFRS, the authors wisely approach each topic by first looking at the concepts underlying the related IFRS, and then use those concepts to demonstrate the specifics. IFRS today is about 4,000 pages, making it almost impossible to learn all the rules, but Greg Burton and Eva Jermakowicz's concept-based book offers a better approach to learning." - Paul Pacter, Former Board Member, International Accounting Standards Board

"While students may like learning specific rules, professional accountants and auditors must be able to think critically and analyze issues. This principles-based book will undoubtedly help them do that. Greg Burton and Eva Jermakowicz have combined broad topical coverage with useful pedagogy to encourage a wide range of learning, from understanding the foundations, to critical thinking and analysis, to enhancing important communication skills with writing assignments. With its modular setup, real-world examples, links to authoritative literature, and comparison of IFRS and US GAAP, this book will prove indispensible to both instructors and practitioners as a teaching resource and a reference." - Teresa Conover, Paden Neeley Professor, University of North Texas, USA