Description
McGraw Hill Financial Instru Standards by GUPTA and POOJA
Financial Instruments Standards : A Guide To IAS 32, IAS 39 And IFRS 7, published in the year 2008, is a very important book for those in the financial sector. Every country across the world has its own set of rules when it comes to financial transactions. This makes dealing very difficult between companies that are in different parts of the world. International Financial Reporting Standards (IFRS) is the common language used to conduct business globally. This defines the accounting standards that need to be maintained in the international community to record financial statements. This set of guidelines was called International Accounting Standards (IAS) till 2001. India too is shifting its base towards the International Financial Reporting Standards. This is a great move in terms of finances and investors are welcoming it. However, those who are involved in using IFRS are finding it difficult to understand the new practices. Synchronizing accounting standards with the rest of the world is not an easy task. But Financial Instruments Standards : A Guide To IAS 32, IAS 39 And IFRS 7 can come in handy for those who wish to learn the rules and regulations of this new format. Some chapters of the book are Scope Of Financial Instruments Standards, Derivatives, Initial Recognition And Measurement, and Hedge Accounting, De-Recognition and Disclosures. The author explains how to apply these complex standards. Using simple and clear language, this book provides guidance on how to interpret each rule. Solved examples, which focus on complex calculations, also play an important role in demonstrating the practical applications of these new regulations. In addition to this, the guide has an appendix that lists the comparisons between US GAAP (Generally Accepted Accounting Principles), Indian GAAP, and IFRS. Those in the financial field will benefit from Financial Instruments Standards : A Guide To IAS 32, IAS 39 And IFRS 7. Through this guide, auditors, practitioners, and regulat