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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

2021 IFRS Accounts

This factsheet highlights new and modified requirements for preparers of IFRS accounts for accounting periods beginning on or after 1 January 2021, as well as the implications of COVID-19, Brexit and climate change.

IFRS 16 Leases - Updated

This factsheet provides an overview of IFRS 16 together with practical tips and examples. It has been updated for recent amendments.

2020 IFRS Accounts - Updated

This factsheet highlights new and modified requirements for preparers of IFRS accounts. The factsheet deals primarily with new IFRS requirements with mandatory application for annual periods beginning on or after 1 January 2020.

2019 IFRS Accounts

This factsheet provides an overview of new and modified requirements for preparers of IFRS accounts beginning during calendar year 2019 and practical tips on how to implement the changes. Updated October 2020.

Applying IAS 36 Impairment of Assets

This factsheet provides a summary of the basic principles of accounting for impairments and practical tips on application.

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 events and webinar recordings

Contract modifications under IFRS

Join this webinar to find out more about how to account for the most common types of contract modifications under IFRS.

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.