Publisher's Synopsis
All EU listed companies will be required to issue financial statements using International Accounting Standards (International Financial Reporting Standards) from 2005. This will have major implications for anyone in Europe involved in preparing or auditing listed company accounts. Written by a former IASC Secretary-General and with a foreword by Sir David Tweedie, Chairman of the International Accounting Standards Board, "Applying International Accounting Standards" is the most authoritative and practical book in this area. Now dealing with all recent developments, including IAS 39 on Financial Instruments, IAS 40 on Investment Property and the IASB's improvements project, "Applying International Accounting Standards" is an essential purchase for any practising accountant.;The third edition includes: practical implementation guidance on all IASs and SICs which apply to 2002 and 2003 IAS financial statements; detailed guidance and examples on the first-time application of IASs; links with the EU Fourth and Seventh Directives, International Standards on Auditing, International Valuation Standards and IOSCO disclosure standards; the comments of IOSCO and other regulators on the application of IASs; and extracts from the IAS financial statements of over 200 companies.