IFRSs are complex, reflecting the intricacy of today’s global economic and business environment and the uncertainty inherent in the exercise of professional judgement.

This book’s intention is to enhance knowledge of IFRSs among preparers, users and auditors of financial statements. It discusses issues of theory and practice, proposes alternative solutions and provides links to the relevant sections of IFRS literature.

The 500 multiple choice questions included in this book test the reader’s knowledge of all standards and interpretations issued by the IASB and its predecessor body as at 30 September 2015.