The Impact of IFRS on Industry

<b>The industry-specific guide to IFRS interpretation and application</b> <p>One of the biggest challenges of any reporting standard is how best to interpret and implement it in the context of a specific company or industry, given that each industry has its own intricacies and nuances. <i>The Impact of IFRS on Industry</i> provides specific guidance on applying IFRS in a diverse range of sectors.</p> <p>Opening with an overview of IFRS, including a summary of all the standards, the book goes on to provide detailed coverage of the standards that can impact all industries, including IAS-40, IFRS 1, and IFRS 5. Thereafter, it offers practical advice and guidance on the application of IFRS in specific industries, including automotive; oil and gas; bio-sciences; infrastructure; airlines; media and communications; government-owned entities; mining; software; banking and financial services; insurance; FMCG; shipping; pharmaceuticals; telecoms; real estate and construction; power; SMEs; retail; e-commerce; and the service sector. The book concludes with a discussion on the collateral impact of implementing IFRS and how forthcoming IFRS Standards could impact specific industries.</p> <p>Worked examples are used throughout to demonstrate how the standards are applied in practice.</p> <ul> <li>Understand the IFRS standards comprehensively</li> <li>Learn which standards impact all industries</li> <li>Examine the ways in which IFRS is applied in practice</li> <li>See how different standards are applied in specific industries</li> </ul> <p>Suitable as a quick reference or a comprehensive guide, <i>The Impact of IFRS on Industry</i> gives you the real-world IFRS answers you need.</p>