OREANDA-NEWS  On 04 September was announced, that Alpina Business Books, in association with Ernst & Young, released a new edition of International GAAP® 2008, designed to guide specialists through the range of problems involved in applying International Financial Reporting Standards (IFRS).

IFRS are quite complex, and a special guide is required in order to understand their implications and apply them correctly. The new guide — prepared by professionals in Ernst & Young’s International Financial Reporting Group — provides expert interpretation and practical guidance for busy professionals, as well as detailed options for resolving complex financial reporting issues.

This 2008 edition of International GAAP® 2008 is a unique globally focused work published in Russian that takes a consistent international approach to IFRS.

More than 800 pages of new material have been added since the 2007 edition. The guide has been revised, updated and expanded in order to:
Deal with new and amended standards and exposure drafts, including new revised standards for business combinations and consolidated financial statements
Provide insight and guidance in greater detail than ever before on the interpretation and practical application of IFRS
Update and expand extracts from the published statements of real companies around the world
Include an entirely new chapter on accounting for extractive industries (mining, oil and gas), the largest sector of the world economy.

“This five-volume set of International GAAP® 2008 will be an indispensable tool for all those involved in preparing, auditing and interpreting financial statements in accordance with international standards,” says Dmitry Weinstein, Partner in Charge of Ernst & Young’s Financial Reporting Group in the CIS. “This guide is also essential for regulatory officials as well as instructors and students at schools of economics. We have supported this Russian-language publication because we understand its importance for solving problems during the transition to International Financial Reporting Standards and their application.”

Alpina Business Books, founded in 1998, publishes literature on management, marketing, finance and politics. The company puts out up to 30 titles each month, with an overall print run of up to 150,000. Among Alpina’s authors are leading Russian and foreign businessmen, top managers, politicians and instructors at prestigious educational institutions. Additional information: www.alpina.ru.