In recent years, the field of accounting has undergone a significant transformation. International accounting standards, particularly the International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), have become essential for ensuring transparency and comparability of financial information worldwide. By adopting IFRS and IAS, companies can present financial statements consistently, enabling stakeholders to make informed decisions based on reliable, comparable data. This workbook is designed to help students understand and apply these principles, offering both theoretical and practical support. It provides a comprehensive overview of the main international standards, with practical exercises that encourage critical thinking. Topics covered include tangible assets, intangible assets, construction contracts, inventories, impairment tests, income taxes, lease contracts, cash flow statements, and ratio analysis. It aims to provide a solid foundation for those wishing to apply international accounting principles, particularly for students in financial reporting courses.
Valentina Minutiello (Ph.D) is A Research Fellow in Accounting at Cattaneo University (LIUC) and a Certified Chartered Accountant. At the same University, she is an Assistant Professor for several courses in the areas of accounting and ESG.
Patrizia Tettamanzi (Ph.D) is Full Professor of Financial Accounting and Sustainability Management at Cattaneo University (LIUC), and senior lecturer of Financial Reporting and Analysis and Management and Accounting at Bocconi University. She is an effective statutory auditor of a listed bank, certified chartered accountant and auditor.
