Announcement That Foreign Companies Are Allowed to Use IFRS When Filing Financial Reports in US Makes This Essential Reading

LONDON (Business Wire EON) November 29, 2007 -- The newly released A student's guide to International Financial Reporting Standards (Kaplan Publishing, November 2007) by Clare Finch coincides with the announcement this month that the US Securities and Exchange Commission would drop the requirement for foreign-listed companies to reconcile to US GAAP and allow them to use International Financial Reporting Standards (IFRS).

In the US and elsewhere, those involved in financial reporting now need to know and understand IFRS more than ever. The text provides an essential companion guide, written in a down-to-earth, lively style, accessible to accountants and non-accountants alike.

IFRS is used in more than 100 countries, including the EU and China, in a variety of different forms, making this student guide essential reading for anyone who needs to understand the definitions and principles of accounting standards, as well as accounting treatments using IFRS.

“The publication of this student guide is extremely timely,” said Michael Smith, Head of Learning Solutions for Kaplan Publishing. “In the US and elsewhere, those involved in financial reporting now need to know and understand IFRS more than ever. The text provides an essential companion guide, written in a down-to-earth, lively style, accessible to accountants and non-accountants alike.”

Each chapter starts with the story behind the standard, explaining not just what it is, but why it was developed. Key points are illustrated with quotations from noteworthy figures including Dickens, Einstein and Enron’s Andrew Fastow.

Key features:

• The text groups and colour-codes the standards on a ‘need-to-know’ basis, for beginners through to the advanced
• Easy-to-navigate sections
• Contains examples of the standard in action and common pitfalls for students to avoid
• Provides a range of “key cards” which are excellent for self-testing and reinforcement of knowledge
• Includes memory techniques to apply to the IFRS subjects

About the author

Clare Finch trained with KPMG and is a member of the Chartered Institute of Public Finance and Accountancy (CIPFA). Clare lectures widely on financial reporting, specialising in IFRS and has authored a number of ACCA and CIMA educational materials. Clare lives in Solihull and works in the Birmingham area and London. She is available for interviews.

A student's guide to International Financial Reporting Standards

Kaplan Publishing
November 2007
ISBN: 978 1 84710 476 2
£25

Available at bookshops or from the web at www.kaplanpublishing.co.uk

About Kaplan Publishing

Kaplan Publishing is a division of Kaplan Financial, one of the UK’s leaders in financial and business training, and provides innovative learning solutions and study literature. Kaplan Financial is a part of Kaplan, Inc., which provides educational and career services for individuals, schools and businesses around the world. Kaplan, which had 2006 revenue of nearly $1.7 billion, is a subsidiary of The Washington Post Company (NYSE:WPO). For more information, please visit www.kaplanfinancial.co.uk

For a review copy of the book or more information, please contact:

Elizabeth Hess, Kaplan Financial
Phone: + 44 20 7645 8968, Mobile: + 44 7815 143 065, elizabeth.hess@kaplan.com

MULTIMEDIA GALLERY

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kaplan financial reporting publishing international standards guide clare november essential

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