The textbook explains all exam-relevant standards and provides numerous small cases to give insight into their practical application, ensuring you are optimally prepared for your studies and career. The content covers the fundamentals of accounting according to IAS/IFRS, the annual financial statements according to IAS/IFRS, as well as consolidated financial statements according to IAS/IFRS. It includes all standards (IFRS 1 to IFRS 13; IAS 1 to IAS 41) and offers numerous illustrations and short cases with solutions. The target audience is students and lecturers in economics. The author, Prof. Dr. Frank Althoff, has many years of practical experience as an auditor and tax consultant.