Elaborated by the International Financial Reporting Group of Ernst & Young. This 2009 edition of "International GAAP" is the only globally focused work on IFRS giving an international consistency of approach unavailable elsewhere. "International GAAP 2009" is fully revised and updated in order to: deal with all new and amended authoritative pronouncements and exposure drafts, including the new revised standards on business combinations and consolidated financial statements; provide insight and guidance in greater detail than ever before on the interpretation and practical application of IFRS from a truly global perspective, based on the experience of the book's authors in dealing with recent day-to-day practical issues; and update and expand extracts from the published accounts of real companies from around the world. The book will published in two volumes with over approximately 3,792 pages, comprising 43 Chapters, three indexes, and 90 pages of detailed contents. IFRSs, the standards set by the International Accounting Standards Board (IASB), are complex and sometimes obscure. Understanding their implications and applying them appropriately requires something special...and that is why "International GAAP 2009" is the essential tool for anyone applying, auditing, interpreting, regulating, studying and teaching international financial reporting. It provides expert interpretation and practical guidance for busy professionals, and includes, in every chapter, detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively. "International GAAP 2009" is the only globally focused work on IFRSs. It is not constrained by any individual country's legislation or financial reporting regulations, and it ensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the new complex global world of international financial reporting, where IFRSs have become the acce