Aparup Mukherjee : +91 9903 390 576trailblazerifrs@gmail.com
                 An Amitabha Mukherjee Endeavour

            IFRS e-book

Coming Soon

Recent research has shown that everything

finance professionals learned in college and while working in the profession and contained in the text books they own have changed. Most evidence to date shows that finance professionals are not at the forefront of these changes.

IFRS is forcing finance professionals
to unlearn what they know and relearn what they should. Even if professionals want to gain the necessary education, what they need to learn is still quite ill defined. Changing to IFRS is not as easy as simply modifying the financial courses. Eventually all courses would need to be modified for IFRS.

Professionals rely heavily on textbooks
and related materials when developing new course content for students. There is still no text book. Text book availability continues to be a major issue in IFRS integration. The challenge is to go back to understanding the basics, which requires a different kind of teaching. IFRS should be taught through cases and real life situations – group work where the professionals and peers challenge the students’ thinking.

It took me 7 years
of full-time research to comprehend the complexity and plan a training procedure. Ultimately without studying the IASB Materials, you will not be able to fathom the complexities and intricacies of IFRS. Since, there is no text book available, I have made a summary of the Standards which will enable you to start your IFRS learning.It is very difficult for anybody to learn a subject without a text book. Education of IFRS is in a quandary, though bare acts have been done diligently.

Please remember this is not a substitute for the Standards
Many verbatim text has been taken from the Standard itself and also the examples given by IASB. In my endeavour to make it easy to understand, I have put maximum examples to exemplify the intricate and interactive standards and where I felt the need for further explanation, examples have been modified to suit the learner.The Standards have been classified in accordance with the order in which they are to be studied. I believe all the Standards have to be learnt in an integrated manner and no one standard can be learnt or taught in isolation.

What I Realised
during this journey is that methods of teaching finance will have to change. Any suggestions, feedbacks (for further improvement) or queries will be highly appreciated because in this world, we are all born to cooperate, not compete.

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If it is a detailed query or if you need to attach a file, kindly send an email on trailblazerifrs@gmail.com

Look what people had to say

1. “Thanks. It seems you have done a great service to the global accountancy profession by compiling these standards.” – CPA Mohamed Ebrahim MBA (Manchester) CFIP. CGMA,FCT

2. “I have looked at several of your summaries of IFRSs and I am sure they will be good educational tools for companies, auditors, students and educators..” – Paul Pacter, Former Board Member IASB

3. “Congratulations. Your job is extremely usable and accurate. Personally helped me enormously.” – VasiliosCoufos (Accountant at Titan Cement Company SA)

4. “I have given selected chapters a cursory review and believe that this is rather well done – certainly above the norm and probably of great value to students. In fact, I took the liberty of recommending this material to several academic accountants of my acquaintance, with a positive evaluation.” – Barry J. Epstein (served as the lead author of 26 annual editions of Wiley GAAP (1985 through 2010), 14 annual editions of Wiley IFRS (1997 through 2010), and several other works on U.S. GAAP and international accounting standards, all published by John Wiley & Sons)

5. “Your IFRS course-ware is an outstanding resource/library reference for use by us.” – Somnath Ray (CPA, Diploma in IFRS (ACCA-UK), CMA, CIA,SAP Certified Application Associate-SAP HANA 1.0‏)

6. “Thank you for all your hard work” – Kathleen Bobbe (VP Finance Problem Solver)

7. “Your personality and work does not require and\y introduction. I have already gone through your website and appreciate your efforts” – Mohammed FurqanWarsi (Associate Director at KPMG, India)

8. “very handy tool for my work (implement ERP software)” – Hartono M. (System Analyst at PT SolusiMitraAndalan

9. “It feels great to be introduced to IFRS concepts through your initiative…. Just your experiance talks volumes about you and I feel privilaged to be introduced to your invaluable knowledge bank.” – VenkateshSubramaniam (Senior Business Process Specialist (Consolidation and Planning) at Borouge

10. “Thanks it was truly helpful” – James Gordon III

11. “Incredible resource you have provided. You are right about needing to unlearn and relearn correctly. Thank you for sharing.” - Robbie Robertson (Director at Caesars Entertainment Corporation)

12. “Thanks for this. A very useful website providing a good coverage of IFRS issues and challenges – nice job putting this together. It will serve students and professionals very well. Best wishes with this endeavour.” – Alnoor Bhimani (Professor of Management Accounting in London School of Economics)

13. “Very Helpfully Content...I really Appreciate Your Work and Would like to Contact You” – Hossam Ali (Freelance journalist in Egypt)

14. “it is very helpful for accountants. Hoping new documents relating to IFRS coming soon” – Ngo Viet Ha (Experienced accountant)

15. “I had a quick look at the site and I found it excellent. It can really be recommended for all who want to get acquainted with the complex IFRS world.” – IstvanLengyel (Secretary General of BACEE and Visiting Professor at the Financial University Moscow)

16. “Thanks for sharing this. Your website will be useful both for practitioners and students of IFRS.” – Prashant Shetty (Manager at Deloitte Australia)

17. “ I am so fascinated to read that you have devoted almost a decade in researching this space in order to simplify it for the rest of us free of charge. More power to your elbow indeed.
I will surely make out a good deal of time to go through the site and will also forward to my colleagues and fellow professionals here as well.” - Audu Isaac Usman (Senior Wells Onshore Accountant at Shell Petroleum Development Company)

18. “Thank you very much for this article” – Joel Orji (Internal Auditor At HealthPlus Limited)

19. “This is very nice and it is definitely a useful companion for IFRS users. It is simple and less ambigousthan the standards.” - DolapoOnayemi ; ACA, ACCA

20. “Thank you very much! I took a look and it seems a very comprehensive work.” - Teresa Casado (Senior Expert on Oversight na EIOPA)

21. “Thank you so much...this will definitely help me in my work and studies....i hope the rest will come soon” – Maggie Masawi (Accountant at G4S Secure Solutions (SA) (Pty) Ltd)

22. “Fabulous effort. This is pretty informative and example based. Thanks for sharing.” - Mohammad Johirul Islam ACA

23. “thank you very much , we appreciate your effort to do this” – Osama Abozaid (Accountant at Retail International)

24. “Oh I owe you a lot of appreciation, as it will really help me to clear issues affecting my work. Thanks for kindness” – NosiruAbideen (Finance Business Analyst)

25. “Thanks for the resources...I did study IFRS/US Gaap with the french License to chartered accountant at Comptalia.com in 2006 for the DECF but it is good to read these research in English, it is definitively more descriptive” – Sylvie Eymin (Self employed bookkeeper)

26. “Thank you very much for such informative and helpful site, I really appreciate it and will surely share and forward to others.” – Zulfiqar Ali Siddiq

27. “I want to congratulate you with the excellent quality and usefulness of its content. I believe it will truly help people to increase their understanding of IFRS. I have also forwarded it to my colleagues.” – Dieter Van der Stock (Product Manager Finance & Risk at Fernbach Software)

28. “It does seem to be the collation of a detailed work on IFRS !” – NarasimhaKandi (Assistant Vice President at GENPACT LLC)

29. “Thanks for sharing the great work that you have compiled. I briefly went through it and it's a great research tool.” – Suresh Sasidaran (Senior Manager, Revenue and Accounting at AppliedMicro)

30. “Great resource on IFRS accounting. Thanks for sharing.” - DimitarBakalov, CFA Manager Planning, Analysis and Controlling at VinpromPeshtera

31. “Congratulations Mr. Mukherjee for developing and maintaining the website on IFRS. It will be definitely useful to beginners.” – Chintan Patel (Specialist in Revised Schedule VI, XBRL, International GAAP)

32. “your website is very interesting and includes useful information for students and professionals as well..” – Sameer Alrishani (Accounting, IFRS, Assurance & Tax at Canada Revenue Agency)

33. “I only had a quick look to your website which makes a good first impression. Excellent initiative, IFRS needs some good up-to-date training material.” – David Brems (Consultant / Interim Manager at DMB Finance & Advisory)

34. “ itseem´s very interesting. I usually use the IAS Plus from Delloite and your site will surely help me to obtain new info. thank you and I will for sure use all its possibilitis in the future” – Hugo Ornelas Fontinha (Inapa Group)

35. “You have made a great Job!!! Thanks no much to Share it!” – Monstserrat Huerta (Senior Auditor)

36. “Thank you so much for your support! Very much appreciate it” – AnushGrigoryan (Audit Manager at AN AUDIT CJSC)

37. “Your are making a great effort. I wish you all the good luck and success” – NirupamHalder (Senior Chartered Accountant)

38. “Thanks for the resource” – Pachonce Brantley (Accounting, Investor reporting, Financial Reporting and Analysis at Santander Consumer USA)

39. “looks like a fantastic source of information on IFRSs and their application.” – PramithaRanshika Senior Manager- Financial Accounting at ACWA Power

40. “Amazing work what I could see from first look. Now I will be regularly visiting the site and will let you know my experiences. Congratulations for your hard works and all the best for future!” - Mukesh Thakur (Senior Manager at Mazars)

41. “This is too good! Knowledgable, useful” - GururajaThimmappa (Senior Manager - Corporate Finance at ABS INDIA PVT LTD)

42. “Appreciate your efforts in the most sought after field between account professionals currently. I'll revert for queries if I have any.” - Ratnesh Mishra (Assistant Manager - Corporate Finance at Ingersoll Rand)

43. “Really appreciate the hard work that has gone into creating this website. Will certainly go through it and exchange thoughts.” - Rahul Chattopadhyay Partner at Price Waterhouse, India

44. “The website is pretty good. I will suggest it to my colleagues and to my students as well. Thanks for sharing.” - Muhammad Ali Janjua, ACCA (Senior Associate Assurance at EY)

45. “Thanks a lot for your mail. You have been very generous in sharing your hard work and knowledge.” - AlokSinghania (Chief Financial Officer at Indo Arya Central Transport Ltd)

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