It presents the standards, accounting systems and main financial statements, covers revenues and expenses, current and non-current assets, financing methods, taxation, consolidated accounts, financial analysis, and much more.

• Educational: The book requires no prior accounting knowledge. All the concepts are explained clearly in the margins and all the information is summarised at the end of each chapter.
• Illustrated: Each concept is explained using genuine extracts from reports drawn up by companies that use IFRS, applications with accounting entries and explanations on how transactions impact financial statements.
• Practical: A series of exercises is given at the end of each chapter.

New for this 5^th edition

• Updated figures, examples, exercises and extracts from financial reports.
• A new chapter on financial and extra-financial analysis.
• More details on each theme, following the publication and application of new IFRS standards (2018-2019) as well as the requirements and adjustments in the following standards:
  • IFRS 9 on financial instruments and their new nomenclature, as well as derivative assets;
  • IFRS 15 on recognising revenues;
  • IFRS 16 on leases.