Description
**The 2019 edition of International GAAP® has been fully revised and updated in order to:
• Continue to investigate the implementation issues arising as entities adopt IFRS 9
(Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers).
• Explore the complex implementation issues arising as entities adopt, in 2019,
IFRS 16 (Leases).
• Include an updated chapter on the new insurance contracts standard IFRS 17
(Insurance Contracts), which reflects the recent discussions of the IASB’s
Transition Resource Group on implementation issues raised, proposed narrowscope amendments to IFRS 17 intended by the IASB, and also explores other
matters arising as users prepare for the adoption of this standard.
• Include an amended chapter on the revised Conceptual Framework, which was
published in March 2018. The changes to the Conceptual Framework may affect
the application of IFRS in situations where no standard applies to a particular
transaction or event.
• Address amended standards and new interpretations issued since the preparation
of the 2018 edition.
• Explain the many other initiatives that are currently being discussed by the IASB and
by the IFRS Interpretations Committee and the potential consequential changes to
accounting requirements.
• Provide insight on the many issues relating to the practical application of IFRS, based
on the extensive experience of the book’s authors in dealing with current issues.
The book is published in three volumes. The 52 chapters – listed on pages ix to xi – are
split between the three volumes as follows:
• Volume 1 – Chapters 1 to 23,
• Volume 2 – Chapters 24 to 39,
• Volume 3 – Chapters 40 to 52.
Each chapter includes a detailed list of contents and list of illustrative examples.
Each of the three volumes contains the following indexes covering all three volumes:
• an index of extracts from financial statements,
• an index of references to standards and interpretations,
• a general index**
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