ASCA Issues Third Arabic Edition of the Implementation Practical Guide and Workbook on International Standards for the Preparation of Financial Reports (Wiley) 2011
AMMAN-----October 24, 2011------ The Arab Society of Certified Accountants/ASCA (Jordan) has issued the third Arabic edition of the Practical Implementation Guide and Workbook on International Standards for the Preparation of Financial Reports (Wiley) 2011.
This book aims at helping users and those who are working on preparing financial statements on international standards for financial reporting learn the basic principles of international standards for financial reporting. Understanding and valuating the basic principles and requirements of international standards for financial reporting have become more important than ever for accountants, auditors, investors, bankers and financial analysts.
This publication takes into account the user's needs, and thus uses a simple methodology and a gradual guidance process to demonstrate the implementation of international standards for financial reporting so as to make it easy to use, whether in the application of those standards, or to read and understand financial statements prepared accordingly .
It explains the criteria of the International Accounting Standards Board (IASB)in such a clear and plain manner that even any entity or body applying the international standards for the first time would be able to understand . The book shows the practical application of standards set by the Board, using simple explanations and examples that can be easily applied. The book then goes further in its review and explanation, and offers a wealth of teaching aids in the form of case studies (with carefully examined solutions) and multiple-choice questions (with answers).
The order of the contents of the book is consistent - in general- with the order and scope of each standard; each chapter discusses specifically one standard from the set of international standards for financial reporting; and chapters have been arranged in accordance with the actual numbering of the international standards for financial reporting currently in force. This order allows the use of the book as a guide and reference in addition to the full set of standards issued by the International Accounting Standards Board.
It is worth mentioning that ASCA continuously seeks to develop accounting and management sciences, as well as all related principles applicable to professional services. ASCA also strives to improve competence and practice and strengthen the code of ethics in accordance with the highest professional standards through the issuance of accounting publications and following up on the recent developments in accounting and auditing professions.