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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.

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.

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 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.

Improving corporate reporting

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.