With more than 140 countries in the world now using international financial reporting standards (IFRS ^(R) Standards), knowledge of the standards issued by the International Accounting Standards Board (IASB ^(R)) is vital to students' success in financial accounting. Melville's International Financial Reporting employs a practical, applied approach in exploring and explaining the key international standards. With a focus on how to implement the standards, this text delivers a focused, user-friendly introduction to international financial reporting.

Renowned for clear and concise language, this seventh edition brings the book completely up-to-date with international standards issued as of 1 January 2019.