INTRODUCTION TO IFRS 8TH EDITION

The purpose of this book is to set out the principles and conceptual issues of International Financial Reporting Standards (IFRS). In addition, the book includes schematic summaries of the accounting and disclosure requirements of the applicable accounting standards. From an academic point of view, the publication targets second-year students in the professional accounting programmes at SAICA-accredited universities in South Africa. In addition, the needs of second- and third-year students at other institutions have also been considered. We hope that this publication will assist such students in their endeavour to obtain a thorough knowledge of the accounting standards that are discussed. This publication focuses on certain core accounting standards specifically relevant to the level of students the publication is aimed at. For these accounting standards we attempt to discuss them on a fundamental, yet thorough, basis. This publication is therefore not an attempt at a comprehensive review of the entire series of International Financial Reporting Standards; it is rather an in-depth discussion of certain accounting standards, limited in some instances to specific sections of those standards. This edition is also updated to include changes to the Conceptual Framework for Financial Reporting and Financial