B.D. Chatterjee Practical Guide to IFRS

Practical Guide to IFRS is a comprehensive and user-friendly handbook that provides a clear understanding of the International Financial Reporting Standards (IFRS) framework and its practical application in financial reporting. It offers a detailed explanation of the concepts, principles, and procedures underlying IFRS, helping readers bridge the gap between theoretical knowledge and real-world accounting practices.

The book covers all major standards issued by the International Accounting Standards Board (IASB), including recognition, measurement, presentation, and disclosure requirements for various elements of financial statements. Complex topics such as financial instruments, leases, revenue recognition, fair value measurement, consolidation, and impairment of assets are explained in a simplified and structured manner with illustrations and case studies.

Special emphasis is given to IFRS–Ind AS convergence, highlighting key differences and practical implications for Indian entities transitioning to or complying with Ind AS. The guide also discusses recent amendments, interpretations, and implementation challenges faced by accountants and auditors.

Ideal for CA, CMA, CS, MBA (Finance) students, accounting professionals, auditors, and finance executives, this book serves as a ready reference for understanding and applying IFRS in day-to-day financial reporting and decision-making.