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IFRS factsheets

Accessible and practical assistance on international financial reporting issues, written by experts in the field.

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2018 IFRS Accounts

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This factsheet highlights new and modified requirements for preparers of IFRS accounts. The factsheet deals primarily with new requirements with mandatory application for annual periods beginning on or after 1 January 2018. Published August 2018.

IFRS 17 Insurance Contracts for Non-insurers

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IFRS 17 applies to any entity that issues contracts within its scope. This factsheet provides guidance for non-insurers assessing whether or to what extent they will be affected by the standard. This factsheet includes links and references to key regulations. Published August 2018.

Debt for equity swaps - IFRS

This factsheet explains how to account for ‘debt for equity swaps’ in accordance with IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments. Published 5 March 2018. Updated 5 June 2018.

2017 IFRS Accounts

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This factsheet highlights new and modified requirements for preparers of IFRS accounts. The factsheet deals primarily with new requirements with mandatory application for annual periods beginning on or after 1 January 2017. Published May 2017. Updated 30 April 2018.

Introducing IFRS 9 Financial Instruments

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This factsheet highlights the key differences between IFRS 9 Financial Instruments and its predecessor, IAS 39 Financial Instruments: Recognition and Measurement. Its focus is on how these changes will affect non-financial sector entities. Date published 15 February 2016. Last updated 31 May 2017.

Introducing IFRS 16 Leases

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The IASB issued IFRS 16 Leases in January 2016. The standard sets out principles for the recognition, measurement, presentation and disclosure of leases. This factsheet provides an overview of IFRS 16 and answers some frequently asked questions about this new standard. Published 12 July 2016. Updated 31 May 2017.

IFRS transition

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This factsheet is designed to help those adopting, or considering adopting, International Financial Reporting Standards (IFRSs) for the first time. It considers the implications of moving to IFRSs and provides practical tips on how to manage the process. Date published: 16 May 2012 (last updated 31 January 2017).

IFRS for SMEs: The Basics

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This factsheet introduces the key accounting provisions of the IFRS for SMEs and considers which entities are eligible to use the standard. Date published: 1 April 2010. Last updated 08 February 2017.

Interests in other entities

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This factsheet guides you through some common questions on the 'package of five' standards on group accounting issues published by the IASB, namely IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities and revisions to IAS 27 Separate Financial Statements and IAS 28 Investments in Associates and Joint Ventures. Date published: 7 February 2012 (last updated 30 January 2017).

2016 IFRS Accounts

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This factsheet highlights new and modified requirements for preparers of IFRS accounts. The factsheet deals primarily with new requirements with mandatory application for annual periods beginning on or after 1 January 2016. Date published 11 August 2016 (last updated 30 January 2017).

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