Applying IAS 36 Impairment of Assets
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This factsheet provides a summary of the basic principles of accounting for impairments and practical tips on application.
IFRS factsheets
The Financial Reporting Faculty’s online factsheets provide an introduction to changes coming into force in a particular period, or a more in-depth analysis of a specific accounting issue. Factsheets are developed with help from leading experts in the field. Factsheets are available for download by Financial Reporting Faculty members.
2019 IFRS Accounts
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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
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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
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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
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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
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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
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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
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This factsheet provides guidance for non-insurers assessing whether or to what extent they will be affected by the IFRS 17.
Debt for equity swaps - IFRS
This factsheet explains how to account for ‘debt for equity swaps’ in accordance with IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments.
2017 IFRS Accounts
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This factsheet highlights new and modified requirements for preparers of IFRS accounts. The factsheet deals primarily with new requirements with mandatory application for annual periods beginning on or after 1 January 2017.