International Financial Reporting Standards (IFRSs) are the new
global language of financial reporting. Insights into IFRS can be
your guide to preparing and understanding financial statements that
use IFRSs. In Insights into IFRS, the KPMG International Financial
Reporting Group has laid out an overview of the requirements of
IFRSs and provided extensive interpretative and application
guidance based on seven years of experience working with IFRSs
around the world. For ease of use, it is organised by topic to
follow the structure of a set of financial statements and is
cross-referenced extensively to the relevant standards and
interpretations. It emphasises the application of IFRSs in practice
and explains the conclusions reached by the KPMG International
Financial Reporting Group on many interpretative issues. It is
based on questions that have arisen around the world and includes
many illustrative examples to clarify the application of the
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