This is an exceptionally clear and helpful book. I'm working my way through it at the moment, learning all about IFRS without reading a thousand pages. Steven Collings only lets the side down in Chapter 3: adapting IFRSvfor the first time. Here (as elsewhere in the book) he compares IFRS with "local GAAP" - i.e. not necessarily UK GAAP. Note also that the book uses $$ for all amounts. This is probably thanks to the publishers, who wanted a book not exclusively for the UK. So, a superb book for learning about IFRS - but you need another book of his to take you further. Have a look on his page on Amazon: he has recently written a more expensive one, explaining UK GAAP, IFRS, big companies, small companies etc etc.
on 17 August 2012
Clearly presented, well organised and written in plain English - this guide does exactly what it sets out to do. Headings and icons make it easy to navigate so that you can skim some parts and home in on areas that you really need to know about. Last section is very useful - 10 pitfalls to avoid and 10 disclosure requirements under IFRS. Well worth the money.
on 29 July 2012
Having seen many articles on the subject and fearing the worst ,I approached this book with some scepticism .How after all could such a complex area be dummed down into a dummies book ? Well what a surprise the book turned out to be,thoughtfully written containing enough about each subject matter to allow the user to get a feel for each IFRS .The book provides a great introduction to a very thorny subject matter which all of us in practice will have to get to grips with.