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Financial Accounting, IFRS Edition, Fourth Edition serves as a guide for students to comprehend and give insights into accounting of the modern business world. This textbook will focus on core concepts and procedures based on the International Financial Reporting Standards (IFRS). With the increasing concerns of environmental, social and governance issues, this has prompted the establishment of the International Sustainability Standards Board (ISSB), which has issued two disclosure standards, IFRS S1 and IFRS S2. The new edition of Financial Accounting, IFRS Edition covers this issue. In 2024, the International Accounting Standards Board (IASB) also issued a new financial reporting standard, IFRS 18 Presentation and Disclosure in Financial Statements, which will replace IAS 1 Presentation of Financial Statements. In view of the accounting regulation changes in recent years, the text has been updated with the latest IFRS Standards framework, including IFRS 15 Revenue from Contracts with Customers (effective in 2018), IFRS 16 Leases (effective in 2019) and IFRS 9 Financial Instruments.
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