Pocketbook of International Financial Reporting Standards

Whether you’re a student preparing for global accounting exams or a finance professional navigating complex international reporting requirements, the Pocketbook of IFRS is your concise and practical reference guide for mastering the complete suite of IAS and IFRS standards.

This edition has been comprehensively updated to incorporate the transition from IAS 1 to IFRS 18, including all related consequential amendments and presentation requirements. It reflects the latest developments from the IASB, with a strong focus on clarity, structure, and real-world application—perfect for finance practitioners, educators, and learners worldwide.

Why This Book Matters

In today’s interconnected global economy, over 140 countries require or permit IFRS-based reporting. The shift from IAS 1 to IFRS 18, aimed at addressing key investor concerns such as inconsistent subtotals and opaque performance measures, marks a historic modernization of primary financial statements.

This book simplifies the full range of IFRS and IAS standards, including recent additions like IFRS 17, IFRS 18, and IFRS 19, along with guidance for SMEs and ESG disclosures. It provides structured summaries, checklists, MCQs, and case studies—all designed to help you apply IFRS accurately and confidently.

What’s Inside

• 44 Well-Structured Chapters covering IAS 1 to IAS 41 and IFRS 1 to IFRS 19
• New IFRS 18 coverage: Operating profit, PBFI&T subtotals, MPMs, and comparability improvements
• Scope, recognition, measurement, presentation, and disclosure for each standard
• IFRIC interpretations and IFRS Foundation insights
• Real-life case studies with journal entries and practical examples
• MCQs for each chapter – perfect for quick revisions and exam prep
• Global IFRS Compliance Checklist – your audit and disclosure planning tool
• Updates on ESG, hyperinflation, SMEs, and first-time adoption

Who Should Read This Book?

• CA, ACCA, CPA, CMA, MBA, and B.Com students
• Finance managers, accountants, and CFOs
• Audit and compliance professionals
• Educators, trainers, and academic institutions
• SMEs, startups, and companies preparing for funding or global reporting

What’s New in This Edition?

• Full transition to IFRS 18 replacing IAS 1 (effective 2027) with comparative restatements
• Amendments to IAS 7 (cash flows), IAS 8 (basis of preparation), IAS 33 (EPS), IAS 34 (interims), and IFRS 7
• IFRS 17 – Simplified explanation of Insurance Contracts
• IFRS 19 – Reduced disclosures for subsidiaries
• Detailed discussion on management-defined performance measures (MPMs)
• Practical guidance on restating comparatives and applying new headings in interim reporting

Why Readers Love This Pocketbook

• Clear, concise, and exam-friendly summaries
• Updated for current reporting challenges including ESG and IFRS for SMEs
• Practical examples to bridge theory and implementation
• Perfect for professionals and students across geographies—India, UK, GCC, Europe, and beyond
• Portable format for study or desk use—digital and print

Master IFRS with clarity, compliance, and confidence. Equip yourself with the most practical and current guide to global financial reporting.