International Accounting Standards - Brazilian Institute of Accountants

A Comprehensive Guide to IFRS for Brazilian Accountants

The International Accounting Standards (IAS) are a set of accounting standards that are used by companies in over 100 countries around the world. They are designed to provide a consistent framework for financial reporting, so that investors and other users of financial statements can compare the financial performance of companies from different countries.

The Brazilian Institute of Accountants (IBRACON) is the professional body that represents accountants in Brazil. IBRACON has adopted the IAS as the basis for accounting standards in Brazil. This means that Brazilian companies are required to prepare their financial statements in accordance with the IAS.

Why Brazilian Accountants Need to Understand IFRS

There are a number of reasons why Brazilian accountants need to understand IFRS. First, IFRS are the most widely used accounting standards in the world. This means that Brazilian accountants who are familiar with IFRS will be able to work for companies in any country in the world.

Second, IFRS are becoming increasingly important in Brazil. The Brazilian government has adopted IFRS as the basis for accounting standards in Brazil, and many Brazilian companies are now preparing their financial statements in accordance with IFRS. This means that Brazilian accountants who are familiar with IFRS will be in high demand.

Third, IFRS can help Brazilian companies to improve their financial reporting. IFRS are designed to provide a consistent framework for financial reporting, so that investors and other users of financial statements can compare the financial performance of companies from different countries. This can help Brazilian companies to attract investment and grow their businesses.

What This Book Covers

This book provides a comprehensive overview of IFRS for Brazilian accountants. It covers all of the major IFRS, including:

• IAS 1: Presentation of Financial Statements
• IAS 2: Inventories
• IAS 7: Cash Flow Statements
• IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
• IAS 10: Events after the Reporting Period
• IAS 12: Income Taxes
• IAS 16: Property, Plant and Equipment
• IAS 17: Leases
• IAS 18: Revenue
• IAS 21: The Effects of Changes in Foreign Exchange Rates
• IAS 23: Borrowing Costs
• IAS 24: Related Party Disclosures
• IAS 27: Consolidated Financial Statements
• IAS 28: Investments in Associates and Joint Ventures
• IAS 29: Financial Reporting in Hyperinflationary Economies
• IAS 32: Financial Instruments: Disclosure and Presentation
• IAS 33: Earnings per Share
• IAS 34: Interim Financial Reporting
• IAS 36: Impairment of Assets
• IAS 37: Provisions, Contingent Liabilities and Contingent Assets
• IAS 38: Intangible Assets
• IAS 39: Financial Instruments: Recognition and Measurement
• IAS 40: Investment Property
• IAS 41: Agriculture

How This Book Can Help You

This book can help you to:

• Understand the key concepts of IFRS
• Apply IFRS to your own accounting practice
• Prepare financial statements that comply with IFRS
• Improve your financial reporting skills
• Become a more valuable asset to your employer

Order Your Copy Today!

This book is essential for any Brazilian accountant who wants to stay up-to-date on the latest accounting standards. Order your copy today and start learning about IFRS!