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This comprehensive accounting guide, now in its eighth edition, provides a practical understanding of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) effective as of January 1, 2022. Authored by Alan Melville, the book covers a wide array of topics, including the presentation of financial statements, accounting for assets, liabilities, equity, income, and expenses, as well as specialized areas like business combinations, financial instruments, and operating segments. Referencing standards issued by the IASB, the text emphasizes the objective of providing useful financial information for economic decision-making, highlighting key concepts like relevance, faithful representation, comparability, and understandability. It also addresses the IFRS for SMEs Standard and includes illustrative examples and exercises to reinforce learning. Ultimately, the source serves as a detailed resource for navigating and applying international accounting standards in practice.Full podcast episode available here: YouTube: • Busy Accountant - The Best Books Reviews // Spotify: https://open.spotify.com/show/43S8mFi... // Apple Podcasts: https://podcasts.apple.com/us/podcast... — Follow us for more insights & updates: Instagram: / busy_proffesional — TikTok: / busyprofessional