International GAAP®2019is a comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching IFRS. Written by EYs financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. Complex technical accounting issues are explained clearly and IFRS is set in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world.

The 2019 edition ofInternational GAAP®has been fully revised and updated in order to:

Continue to investigate the many 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 IASBs Transition Resource Group on implementation issues raised, proposed narrow-scope 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 books authors in dealing with current issues.

Ernst& Young is a global leader in professional services with some 114,000 people based in 140 countires. Around the world the firm is committed to pursuing the highest levels of integrity, quality, and professionalism in delivering a broad inventory of services to their cllients. By connecting their people's talents, Ernst& Young provides solutions to clients based on financial, transactional, and risk-management knowledge in its core services of audit, tax, and transactions.
The International Financial Reporting Group of Ernst& Young includes financial reporting specialists from throughout the world.

Volume 1

1 International GAAP 1

2 The IASBs Conceptual Framework 35

3 Presentation of financial statements and accounting policies 107

4 Non-current assets held for sale and discontinued operations 181

5 First-time adoption 209

6 Consolidated financial statements 357

7 Consolidation procedures and non-controlling interests 463

8 Separate and individual financial statements 531

9 Business combinations 587

10 Business combinations under common control 705

11 Investments in associates and joint ventures 745

12 Joint arrangements ... 823

13 Disclosure of interests in other entities 875

14 Fair value measurement 931

15 Foreign exchange 1105

16 Hyperinflation 1175

17 Intangible assets 1209

18 Property, plant and equipment 1293

19 Investment property 1349

20 Impairment of fixed assets and goodwill 1421

21 Capitalisation of borrowing costs 1547

22 Inventories 1575

Index of extracts from financial statements index 1

Index of standards index 7

Index index 105

Volume 2

23 Leases (IAS 17) 1601

24 Leases (IFRS 16) 1685

25 Government grants 1771

26 Service concession arrangements 1793

27 Provisions, contingent liabilities and contingent assets 1863

28 Revenue 1957

29 Income taxes 2333

30 Share-based payment 2499

31 Employee benefits 2761

32 Operating segments 2843

33 Earnings per share 2887

34 Events after the reporting period 2941

35 Related party disclosures 2961

36 Statement of cash flows 2997

37 Interim financial reporting 3043

38 Agriculture 3127

39 Extractive industries 3179

Index of extracts from financial statements index 1

Index of standards index 7

Index index 105

Volume 3

40 Financial instruments: Introduction 3401

41 Financial instruments: Definitions and scope 3409

42 Financial instruments: Derivatives and embedded derivatives 3443

43 Financial instruments: Financial liabilities and equity 3483

44 Financial instruments: Classification 3591

45 Financial instruments: Recognition and initial measurement 3657

46 Financial instruments: Subsequent measurement 3681

47 Financial instruments: Impairment 3719

48 Financial instruments: Derecognition 3875

49 Financial instruments: Hedge accounting 3963

50 Financial instruments: Presentation and disclosure 4163

51 Insurance contracts (IFRS 4) 4277

52 Insurance contracts (IFRS 17) 4419

Index of extracts from financial statements index 1

Index of standards index 7

Index index 105