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International GAAP 2021: Generally Accepted Accounting Practice under IFRS

eBook available to ICAEW members and ACA students

Detailed IFRS guide from EY on interpreting and implementing international accounting standards, with illustrative examples and extracts from financial statements.

This edition has been fully revised by EY's International Financial Reporting Group and takes into account all accounting standards, amendments, and relevant rules as at September 2020.

It covers the wide range of interpretations and solutions that have been developed by practitioners and this edition in particular considers the impact of the coronavirus pandemic on financial reporting.

This eBook is part of the ICAEW Library's eBook collection. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

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  • The IASB's Conceptual Framework
  • Presentation of financial statements and accounting policies
  • Non-current assets held for sale and discontinued operations
  • First-time adoption
  • Consolidated financial statements
  • Consolidation procedures and non-controlling interests
  • Separate and individual financial statements
  • Business combinations
  • Business combinations under common control
  • Investments in associates and joint ventures
  • Joint arrangements
  • Disclosure of interests in other entities
  • Fair value measurement
  • Foreign exchange
  • Hyperinflation
  • Intangible assets
  • Property, plant and equipment
  • Investment property
  • Impairment of fixed assets and goodwill
  • Capitalisation of borrowing costs
  • Inventories
  • Leases
  • Government grants
  • Service concession arrangements
  • Provisions, contingent liabilities and contingent assets
  • Income tax
  • Share-based payment
  • Employee benefits
  • Operating segments
  • Earnings per share
  • Events after the reporting period
  • Related party disclosures
  • Statement of cash flows
  • Interim financial reporting
  • Agriculture
  • Extractive industries


  • Revenue: Introduction and scope
  • Revenue: Identify the contract and performance obligations
  • Revenue: Determine and allocate the transaction price
  • Revenue: Recognition
  • Revenue: Licences, warranties and contract costs
  • Revenue: Presentation and disclosure

Financial instruments

  • Financial instruments: Introduction
  • Financial instruments: Definitions and scope
  • Financial instruments: Derivatives and embedded derivatives
  • Financial instruments: Financial liabilities and equity
  • Financial instruments: Classification
  • Financial instruments: Recognition and initial measurement
  • Financial instruments: Subsequent measurement
  • Financial instruments: Impairment
  • Financial instruments: Derecognition
  • Financial instruments: Hedge accounting
  • Financial instruments: Presentation and disclosure

Insurance contracts

  • Insurance contracts (IFRS 4)
  • Insurance contracts (IFRS 17)

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