(IFRS) means International Financial Reporting Standards, it is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). The goal of IFRS is to provide a global framework for how public companies prepare and disclose their financial statements.
Teach yourself IFRS” is the best book one can use to understand IFRS, it gives details of all the answers you need for your questions, It gives simple definitions, detailed explanations, and give practical questions and solutions. It treats IFRS in a simplest way that a non-accountant can even understand easily.