Standard work on accounting. No question about international accounting is left unanswered: Alfred Wagenhofer provides compact and comprehensive information on accounting according to the International Financial Reporting Standards (IFRS), which also include the International Accounting Standards (IAS). He explains relevant backgrounds, frameworks, and concepts in detail and in an understandable manner, as well as the accounting and valuation rules and disclosure requirements under IFRS. - Concepts and details of accounting under IFRS - Transitioning accounting to IFRS - Specifics of analyzing IFRS financial statements. This up-to-date edition of the standard work includes all new regulations arising from the financial crisis and numerous practical examples. This book achieves its ambitious goals with excellence and manages to present the extensive and sometimes confusing regulations of IFRS in an understandable way.