PwC Manual of Accounting IFRS 2021 Set

PwC's Manual of accounting IFRS 2021 provides practical guidance on the IFRSs issued by the International Accounting Standards Board (IASB).

PwC's IFRS Manual of accounting is thorough and translates often complex standards into practical guidance. Each chapter opens with an explanation of the requirements of the standards in clear language. Illustrative examples at the end of each chapter demonstrate the practical application of the principles of the standards.

Key updates in this edition include guidance on:

• Accounting implications of COVID-19
• Amendments to IAS 1, 'Presentation of financial statements', Classification of liabilities
• Cash flow statements - updates to FAQs, IFRIC agenda discussions and clarity of guidance over deferred/contingent consideration
• Amendments to IFRS 9, IAS 39, 'Financial instruments' and IFRS 7, 'Financial instruments disclosure', Interest rate benchmark reform
• Insurance - Amendments to IFRS 4
• Amendment to IFRS 16, 'Leases' on COVID-19 - Related rent concession
• Amendment to IFRS 17, 'Insurance contracts'
• IASB amendments to IFRS 3, IAS 16, IAS 17 and annual improvements on IFRS 1, IFRS 9, IAS 41 and IFRS 16