This third edition is designed to meet the rapidly emerging demand for coverage
of new international financial reporting standards (IFRS) and the globalisation
of accounting in advanced courses. The book is based on an IASB framework but
the European directives, especially as regards detailed formats having no direct
equivalent in IFRS, are discussed in detail. The European context and, in the
case of important markets, the national context is recognised and contrasted
with the international approach. Important non-European influences, especially
those from the US, are included in order to provide a genuinely wide-ranging
appreciation of the implications of accounting internationalism. Part 1 -
Framework, Theory and Regulation -