Bharat’s Practical Guide to IFRS by B.D. Chatterjee 1st Edition Sept 2025

Bharat’s Practical Guide to IFRS by B.D. Chatterjee 1st Edition Sept 2025

Bharat’s Practical Guide to IFRS by B.D. Chatterjee 1st Edition Sept 2025

Product Description

This book is a comprehensive, practice-oriented guide to IFRS, developed with the needs of finance professionals, auditors, valuation experts, students, and regulators in mind. It brings together the entire spectrum of 44 chapters, beginning with the conceptual framework and spanning across all major standards and interpretations, including IAS, IFRS, IFRIC, and SIC guidance.

Each chapter is enriched with brief commentary on each IAS/IFRS along with practical illustrations and charts, compliance, and risk management checklists, frequently asked questions and multiple-choice questions, ensuring that technical provisions are not merely read but applied with clarity.

Special emphasis has been placed on the latest amendments and emerging standards, notably:

• IFRS 18 (Presentation and Disclosure in Financial Statements) – reshaping the structure of performance reporting.
• IFRS 19 (Subsidiaries without Public Accountability: Disclosures) – simplifying disclosures for smaller entities while ensuring accountability.
• IFRS S1 and IFRS S2 – introducing global baseline standards for sustainability and climate-related financial disclosures, aligning financial reporting with environmental, social, and governance (ESG) imperatives.

This book has been structured not merely as a technical manual but as a bridge between theory and practice. From the CFO preparing consolidated financial statements, to the auditor navigating disclosure requirements, to the student aspiring for professional xaminations, cvery reader will-find the content structured to build clarity, confidence, and compliance.

Content of the book :-

Chapter 1       IASB and Regulatory Framework

Chapter 2       Conceptual Framework for Financial Reporting

Chapter 3       IAS/IFRSs at a Glance

Chapter 4       IAS 1: Presentation of Financial Statements

Chapter 5       Inventories

Chapter 6       Cash Flow Statements

Chapter 7       IAS 8: Basis of Preparation of Financial Statements

Chapter 8       IAS 10: Events occurring after the Reporting Period

Chapter 9       IAS 12: Income Taxes

Chapter 10     IAS 16: Property, Plant & Equipment

Chapter 11     IAS 19: Employee benefits

Chapter 12     IAS 20: Government Grant

Chapter 13     IAS 21: Effects of Changes in Foreign Exchange Rates

Chapter 14     IAS 23: Borrowing cost

Chapter 15     IAS 24: Related party disclosures

Chapter 16     IAS 29: Financial Reporting in Hyperinflationary Economies

Chapter 17     IAS 33: Earnings per Share

Chapter 18     IAS 34: Interim Financial Reporting

Chapter 19     IAS 36: Impairment of assets

Chapter 20     IAS 37: Provisions, Contingent Liabilities and Contingent Assets

Chapter 21     IAS 38: Intangible Assets

Chapter 22     IAS 40: Investment Properties

Chapter 23     IAS 41: Agriculture

Chapter 24     IFRS 1: First time adoption of International Finance Reporting Standards

Chapter 25     IFRS 2: Share Based Payments

Chapter 26     IFRS 17: Insurance Contracts

Chapter 27     IFRS 5: Non-Current Assets held for Sale and Discontinued Operations

Chapter 28     IFRS 6: Exploration and Evaluation of Mineral Resources

Chapter 29     IFRS 8: Operating Segments

Chapter 30     Financial Instruments (IAS 32, IFRS 7, IFRS 9)

Chapter 31     IFRS 3: Business Combination

Chapter 32     IFRS 13: Fair value Measurement

Chapter 33     Consolidated Financial Statements (IAS 27, IAS 28, IFRS 10, IFRS 11 and IFRS 12)

Chapter 34     IFRS 14: Regulatory Deferral

Chapter 35     IFRS 15: Revenue from Contract with customers

Chapter 36     IFRS 16: Leases

Chapter 37     International Financial Reporting Interpretations Committee (IFRIC)

Chapter 38     Standing Interpretation Committee (SIC)

Chapter 39     Presentation and Disclosure in Financial Statements (IFRS 18)

Chapter 40     Subsidiaries without Public Accountability: Disclosures (IFRS 19)

Chapter 41     Small and Medium Enterprises

Chapter 42     Sustainability Reporting under Environment, Social and Governance (ESG)

Chapter 43     International Financial Reporting Standards – by Industry sector

Chapter 44      Case Studies