IAS 29: Financial reporting in hyperinflationary economies
The accounting standard IAS 29 sets out the procedures for reporting in the currency of a hyperinflationary economy. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
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Full text standard
Unaccompanied version of IAS 29
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.
This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.
Related IFRIC Interpretations
IFRIC 7: Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies
Summaries of Interpretations: IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies
Summary and history from Deloitte IAS Plus.
IAS 29 – Financial Reporting in Hyperinflationary Economies
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.
ICAEW guidance and support
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
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IFRS 2018: Interpretation and application of IFRS standards
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on hyperinflation covers:
Guides and publications
Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.
Hyper-inflationary economies at 31 December 2019
PwC, January 2020
This briefing lists the countries that are hyper-inflationary at 31 December 2019 and additional countries that are not expected to be hyper-inflationary but that should be kept under review in 2020.
EY, July 2018
Bulletin identifying countries which are hyperinflationary for IFRS purposes as at 31 December 2018: Angola, Argentina, South Sudan, Sudan, Syria, and Venezuela. It also highlights economies which may cease to be hyperinflationary by the end of 2018 and non-hyperinflationary economies subject to monitoring.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
Articles and books in the Library collection
- View a list of articles and books in our collection on IAS 29 and inflation accounting and hyperinflation
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