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The book presents the Practical implementation country case studies and Lessond learned from the implementation of international financial reporting standards. It presents a unique combination of the case Studies on International Financial Reporting Standards across the globe. By taking the case of Germany, India, Kenya, Pakisthan and South Africa the current adoption of IFRS is discussed in the book. Further the modern accounting in India is the new and additional features of the book which shows the emergence of Accounting standards, working and making standards by ICAI, current position of IFRS and its adoption method in the form of Ind.AS with the standards applicable on Indian companies.