International GAAP 2020

Ernst & Young is a global leader in professional services with some 114,000 people based in 140 countires. Around the world the firm is committed to pursuing the highest levels of integrity, quality, and professionalism in delivering a broad inventory of services to their cllients. By connecting their people's talents, Ernst & Young provides solutions to clients based on financial, transactional, and risk-management knowledge in its core services of audit, tax, and transactions. The International Financial Reporting Group of Ernst & Young includes financial reporting specialists from throughout the world.

Volume 1


1 International GAAP 1


2 The IASB’s Conceptual Framework 37


3 Presentation of financial statements and accounting policies 109


4 Non-current assets held for sale and discontinued operations 183


5 First-time adoption 213


6 Consolidated financial statements 357


7 Consolidation procedures and non-controlling interests 463


8 Separate and individual financial statements 535


9 Business combinations 597


10 Business combinations under common control 719


11 Investments in associates and joint ventures 765


12 Joint arrangements 845


13 Disclosure of interests in other entities 899


14 Fair value measurement 951


15 Foreign exchange 1125


16 Hyperinflation 1197


17 Intangible assets 1231


18 Property, plant and equipment 1317


19 Investment property 1375


20 Impairment of fixed assets and goodwill 1447


21 Capitalisation of borrowing costs 1579


22 Inventories 1609


Index of extracts from financial statements 1


Index of standards 7


Index 105


Volume 2


23 Leases 1635


24 Government grants 1733


25 Service concession arrangements 1755


26 Provisions, contingent liabilities and contingent assets 1827


27 Revenue: Introduction and scope 1917


28 Revenue: Identify the contract and performance obligations 1953


29 Revenue: Determine and allocate the transaction price 2053


30 Revenue: Recognition 2143


31 Revenue: Licences, warranties and contract costs 2201


32 Revenue: Presentation and disclosure 2271


33 Income taxes 2319


34 Share-based payment 2493


35 Employee benefits 2755


36 Operating segments 2841


37 Earnings per share 2883


38 Events after the reporting period 2937


39 Related party disclosures 2957


40 Statement of cash flows 2995


41 Interim financial reporting 3045


42 Agriculture 3125


43 Extractive industries 3181


Index of extracts from financial statements 1


Index of standards 7


Index 105


Volume 3


44 Financial instruments: Introduction 3425


45 Financial instruments: Definitions and scope 3433


46 Financial instruments: Derivatives and embedded derivatives 3469


47 Financial instruments: Financial liabilities and equity 3511


48 Financial instruments: Classification 3619


49 Financial instruments: Recognition and initial measurement 3681


50 Financial instruments: Subsequent measurement 3705


51 Financial instruments: Impairment 3743


52 Financial instruments: Derecognition 3901


53 Financial instruments: Hedge accounting 3993


54 Financial instruments: Presentation and disclosure 4203


55 Insurance contracts (IFRS 4) 4325


56 Insurance contracts (IFRS 17) 4469


Index of extracts from financial statements 1


Index of standards 7


Index 105