The book "IFRS as the Basis for Convergence in Accounting" by Evgeny Chupin provides a comprehensive analysis of the challenges and opportunities arising from the globalization of markets for accounting. It highlights the necessity of convergence between internal and external accounting to meet the demands of foreign investors. By examining the relevant accounting standards in Germany, the book emphasizes the importance of a unified data foundation for operational decisions and informational purposes. It first defines the concept of convergence and analyzes the factors that lead to divergences in accounting. A systematic search for common ground is undertaken to enable the harmonization of accounting practices. With seven illustrations, the topic is visually supported, facilitating the understanding of complex interrelationships.