This edition includes changes made since 2008 which were incorporated in this edition of the IFRS volume.

Basic changes contained in this edition are summarized as follows:-

• A revised version of IFRS 1 "First-time Adoption of International Financial Reporting Standards". The revised IFRS 1 is required to be applied from July 1, 2009. Earlier application is permitted.
• Amendments to IFRSs that were issued as separate documents.
• Amendments to IFRSs issued in the first annual improvements project.
• Amendments to other IFRSs resulting from those revised or amended standards.
• Three new interpretations for the International Financial Reporting Interpretations Committee (IFRICs) 15–17.
  - IFRIC 15 "Agreements for the Construction of Real Estate"
  - IFRIC 16 "Hedges of a Net Investment in a Foreign Operation"
  - IFRIC 17 "Distributions of Non-cash Assets to Owners"

ASCA -Jordan continuously seeks to develop the accounting and management sciences as well as the associated and relevant principles applicable to all or some of the professional services. The Society also endeavors to develop the competence, practice, and conduct according to the highest professional levels through updates in accounting and auditing professions

To check the editorial corrections and changes to Bound Volume 2009 Please click here.

• International Financial Reporting Standard 3.
• International Accounting Standard 1.
• International Accounting Standard 23.

• Interpretation 13 "Client Loyalty Programs".
• Interpretation 14 "International Accounting Standard 19 "The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction".

The International Accounting Standards Board, a body responsible for the development of IFRSs, works closely with the committees setting national accounting standards in different countries, including the American Financial Accounting Standards Board and the Japanese Accounting Standards Board in order to reduce differences between local accounting standards and International Financial Reporting Standards in each country.

 This Publication includes the latest changes made to this publication as distinct from 2005 (including International Accounting Standards and Interpretations) as of January 1, 2006 edition are as following:-

• One new standard —IFRS 8
• Four new Interpretations —IFRICs 9 –12
• Amendments to other IFRSs resulting from these pronouncements
• Amendments to the Preface to International Financial Reporting Standards.

IAS 14, which is being superseded by IFRS 8,has been omitted.

It also includes the Due Process Handbook for the IASB which was published in April 2006.

        
This Publication icludes the  interpretations of the International Financial Reporting Standards (IFRSs) in a lucid manner which enables first time adopters of IFRS to understand the accounting standards. It also illustrates the applications of the IFRSs using simple-to-apply illustrations and examples.

The official Arabic publication of provides complete text of all the standards plus interpretations and all material is extant as at 31 March 2004. This complete text features all IFRS, IAS, Interpretations and IASB- issued supporting documentation - bases for conclusions, implementation guidance and illustrative examples. It also includes the IASB framework for the preparation and presentation of financial statements, the preface to international financial reporting standards, an updated glossary of terms, and a new comprehensive index.

This edition includes 41 accounting standards and 35 interpretations. The Arabic version of the Standards and the implementation guidelines, consisting of 351 pages, has been issued as an important guiding reference for banks, investment companies, financial institutions, insurance companies, as well as accountants, auditors, judges, attorneys and members of arbitration panels. It is also a useful professional and academic reference for those preparing to sit for qualifying examinations of certified accountants all over the Arab world.

For many years the International Accounting Standards Committee (IASC) has been working to develop a set of accounting standards which can be used to bring about uniformity in financial reporting around the world. Uniform accounting will reduce the costs of preparing financial statements for multinational companies and facilitate the jobs of invest analysts, investors, and others in assessing business results.

A comprehensive listing of international standards in one easy-to-follow reference in Arabic. This guide helps accountants prepare and understand financial statements presented in accordance with the rapidly evolving, ever more widely utilized IAS.