This practical text on financial accounting and reporting offers a global perspective on IFRS‎.‎ It presents the rationale and principles prescribed throughout the IAS/IFRS‎,‎ including numerous examples from large international companies‎,‎ and develops fundamental skills necessary to read and use the information contained in all financial statements‎.‎ The first part of the book presents the structure of the balance sheet and income statement‎,‎ their links‎,‎ and the accounting mechanisms to prepare them‎.‎ The second part analyzes how balance sheet items are identified evaluated‎,‎ and then reported‎.‎ The book concludes by examining the use of financial statements‎-the analysis of the firm‎'‎s performance and its risks‎.‎