The content of this book takes into account all accounting standards and other relevant rules issued up to September 2011. Consequently, it covers the IASB's Conceptual Framework for Financial Reporting and authoritative literature listed below.
Unless otherwise indicated therein, all references in the main text of each chapter to the extant pronouncements below are to the versions of those pronouncements as approved and expected to be included in the Blue Book edition of the Bound Volume 2012 International Financial Reporting Standards IFRS—Consolidated without early application—Official pronouncements applicable on 1 January 2012 published by the IASB. References to those extant pronouncements below which have an effective date after 1 January 2012 (such as IFRS 9: Financial Instruments) are to the versions of those pronouncements as denoted by the ISBN references noted below. These are expected to be included in the Red Book edition of the Bound Volume 2012 International Financial Reporting Standards IFRS—Official pronouncements issued at 1 January 2012 that will be published by the IASB.
With effect from 1 July 2009 US GAAP accounting standards issued by various standard-setters have been organised within a comprehensive Accounting Standards Codification scheme, which is now the single source of authoritative US GAAP and has been applied in this publication.