Wiley International Financial Reporting Standards (IFRS) and Convergence Basics provides simple explanations of IFRS standards. Arranged topically, the book is a quick source of reference to find answers to issues of common interest to financial statement preparers and users.  It serves as a one-stop resource and bridging the gap in IFRS literature, since there is NO SUCH BOOK currently available globally on IFRS. It is meant for the preparers and users of IFRS-compliant financial statements to comprehend in simple terms what IFRS is all about and has been written keeping the layman in mind.