How to distinguish adjusting from non-adjusting events after the reporting period under IAS 10
This guide outlines factors to consider when determining whether post balance sheet events are adjusting or non-adjusting in the accounts.
IFRS FAQs
The Financial Reporting Faculty regularly produces FAQs on areas of general interest. We answer your initial questions on IFRS topics, and guide you to any other relevant resources that are available.
Planning for the 2021/22 reporting season - Practical help for preparers
In this guide the Financial Reporting Faculty looks at what is different about the current reporting season and where to focus your efforts.
Contract modifications under IFRS 9 Financial Instruments
This short guide outlines the accounting implications of contract modifications to financial liabilities together with an illustrative example.
Modifications to revenue recognition under IFRS 15
A guide to the accounting implications of changes to contracts with customers as a result of the pandemic.
IASB provides relief for COVID-19-related rent concessions
18 June 2020: Amendments to IFRS 16 Leases to help lessees account for rent concessions as a result of the Coronavirus pandemic.
Coronavirus: The financial reporting implications under IFRS
A short guide on the impact for entities with 2019 and early 2020 year-ends preparing accounts in accordance with IFRS or the IFRS for SMEs.
IFRS 16 Leases FAQs
Financial Reporting Faculty outlines some of the key requirements of IFRS 16 Leases for lessees and lessors. Key differences when reporting leases under FRS 102 are also described.