The easy way to get a grip on International Reporting Standards IFRS For Dummies is your complete introduction to IFRS & international accounting & balancing standards. Combining all the facts needed to understand this complex subject with useful examples this easy-to-read guide will have you on top of IFRS in no time. In plain English it helps you make sense of IRFS & your understanding of: what they are & where they apply; how to adopt IFRS for the first time; how IFRS affects the key components of your financial statements; how to disclose information in financial statements; & much more.* Covers what to do if you're applying IFRS for the first time* Explains complicated material in plain English* Helps you make sense of this principles-based set of standards that establish broad rules for financial reporting If you're an accountant student or trainee in need of accessible information on IRFS this hands-on friendly guide has you covered.