Coronavirus and financial reporting
Guidance for preparers of financial statements on the coronavirus outbreak, including advice on disclosure of risks and treatment of events after the reporting period.
Financial Reporting
International Financial Reporting Standards (IFRSs) are accounting standards and interpretations published by the International Accounting Standards Board (IASB). IFRSs have been adopted by many jurisdictions worldwide. Access all the latest information and practical resources on IFRSs.
Need to know
In this section
IFRS Accounting standards
IFRS accounting standards
A synopsis of each IFRS, identifying recent amendments and which version of the standard applies to a particular period, with direct links to eIFRS.
IFRS for SMEs
The International Financial Reporting Standard for Small and Medium-sized Entities
Effective dates for IFRS
Mandatory dates identify which new IFRSs, IFRICs and amendments come into force for different time periods, linked to the ICAEW Financial Reporting Faculty’s standards tracker.
IFRS adoption around the world
Find out which countries require or permit companies to apply IFRS and which standards have been endorsed by the EU.
IFRS model accounts and disclosure checklists
A list of regularly updated free sources for IFRS model accounts and disclosure checklists.
IFRS reporting: lessons learned
Lessons learned from the EU's experience of using IFRS to provide insights and recommendations for jurisdictions considering using or extending the application of IFRS.
Factsheets
Applying IAS 36 Impairment of Assets
This factsheet provides a summary of the basic principles of accounting for impairments and practical tips on application.
2019 IFRS Accounts
This factsheet provides an overview of new and modified requirements for preparers of IFRS accounts for 2019 and practical tips on how to implement the changes.
IFRS 16 Leases
This factsheet provides an overview of IFRS 16 with a focus on lessee accounting, including recognition, and right-of-use asset and liability measurement. It provides practical tips on implementation and answers some frequently asked questions.
IFRS 9 Financial Instruments - hedge accounting
This factsheet outlines the hedge accounting requirements of IFRS 9 Financial Instruments, comparing them with those of IAS 39. It also contains practical tips to help with implementation.
2018 IFRS Accounts
This factsheet highlights new and modified requirements for preparers of IFRS accounts with helpful tips on how to apply the changes in practice.
IFRS transition
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.
IFRS 9 Financial Instruments – overview
This factsheet outlines the key requirements of IFRS 9 Financial Instruments, including classification and measurement, and impairment of financial assets. It’s focus is on the non-financial sector.
IFRS 17 Insurance Contracts
This factsheet provides guidance for non-insurers assessing whether or to what extent they will be affected by the IFRS 17.
IFRS events and webinar recordings
IFRS update
A round-up of latest developments in international accounting standards applicable in 2020, plus what’s on the horizon.
Bitesize Briefing: COVID-19 and post balance sheet events
Aimed at both UK GAAP and IFRS reporters, a short webcast on the factors to consider when determining whether COVID-19 is an adjusting or non-adjusting event.
Bitesize briefing | IFRS 16 Leases - what do I need to know?
This 20-minute webcast provides an overview of the requirements of the new leasing standard which came into effect from 1 January 2019.
IFRS 16 Leases - the impact
This webinar looks at the impact of IFRS 16 Leases, its interaction with evolving business models and potential challenges for users.
Improving corporate reporting
Information for Better Markets
Find out about the ICAEW Financial Reporting Faculty’s thought leadership programme, ‘Information for Better Markets’, and access the latest reports and webcasts.
Growth, development and accounting
This report explores the role of accounting in promoting economic growth. It considers how this role has evolved and what lessons there are for the future.