Publisher's Synopsis
In a world that is rapidly becoming more interconnected, the need for a unified approach to accounting and financial reporting has never been greater. The International Financial Reporting Standards (IFRS) have emerged as the global language of business, transcending borders and facilitating clarity, transparency, and comparability in financial statements. These standards are not just a technical framework but an indispensable tool for businesses, regulators, and investors in navigating the complexities of a globalized economy.
It is with this vision that Basics of International Accounting and Financial Reporting: IFRS has been conceived. This book is a humble effort to demystify a subject that, while critical, often seems daunting to learners, especially those at the beginning of their journey in accounting and finance. The aim of this book is simple yet profound: to make the study of IFRS accessible, engaging, and enriching for everyone, irrespective of their prior background.
We understand that accounting and financial reporting can be perceived as challenging subjects. The terminology, principles, and technicalities can at times feel overwhelming. However, this book has been designed with the beginner in mind. The content is structured to present even the most complex concepts in a simplified manner,
