Effective dates for IFRS
New international accounting standards are issued and existing standards are often amended. Therefore, it is important to know the changes in the requirements and when they come into effect when preparing your financial statements.
The IASB favours issuing standards and amendments to be effective for accounting periods beginning on or after 1 January in any given year. Future changes are generally available for early adoption (subject to EU endorsement for EU preparers).
The table below summarises the amendments according to calendar years. Links are provided to our IFRS accounting standards pages where further details of the changes can be found.