The 2020 edition of International GAAP® has been fully revised and updated in order to:

• Continue to investigate the many implementation issues arising as entities adopt IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers).
• Explore in more depth the complex implementation issues arising as entities adopt IFRS 16 (Leases).
• Include an updated chapter on the new insurance contracts standard IFRS 17 (Insurance Contracts) which reflects the recent Exposure Draft issued by the International Accounting Standards Board (IASB) proposing various amendments to the standard. The chapter also covers the recent discussions of the IASB's Transition Resource Group on implementation issues raised. It also explores other matters arising as insurers prepare for the adoption of the standard.
• Discuss the new interpretations and agenda decisions issued by the IFRS Interpretations Committee since the preparation of the 2019 edition.
• Address the amended standards and the many other initiatives that are currently being discussed by the IASB and the potential consequential changes to accounting requirements.
• Provide insight on the many issues relating to the practical application of IFRS, based on the extensive experience of the book's authors in dealing with current issues.

The book is published in three volumes. The 56 chapters – listed on pages ix to xi – are split between the three volumes as follows:

• Volume 1 - Chapters 1 to 22,
• Volume 2 - Chapters 23 to 43,
• Volume 3 - Chapters 44 to 56.

Each chapter includes a detailed list of contents and list of illustrative examples.

Each of the three volumes contains the following indexes covering all three volumes:

• an index of extracts from financial statements,
• an index of references to standards and interpretations,
• a general index.