In 2024, the International Accounting Standards Board (IASB), issued a new Standard, IFRS 18 ‘Presentation and Disclosures in Financial Statements’. IFRS 18 replaces IAS 1 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after January 1, 2027.
This provides a high-level overview of recent changes to International Financial Reporting Standards
The popularity of cryptocurrencies has soared in recent years, yet they do not fit easily within IFRS’ financial reporting structure. But what are the acceptable methods of accounting for holdings in cryptocurrencies?
The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB). These changes have the potential to significantly impact the presentation of a complete set of financial statements and 2025 is no different.
Learn how to identify contracts with customers under IFRS 15’s five-step revenue recognition model. Explore key challenges and practical insights to help reporting entities apply the Standard effectively.
Understand the objective and scope of IFRS 15 and its impact on consistent revenue recognition across industries. Explore key insights and practical challenges in applying the Standard effectively.
This article discusses the implementation of the disclosure requirements for subsidiaries that meet the criteria to be classified as ‘Subsidiaries without Public Accountability’
In this article, we explain the general objectives of the disclosure requirements, discuss which business combinations require disclosure, and set out the minimum disclosure requirements of IFRS 3. The article also includes an illustrative business combination disclosure, and insights on certain disclosure areas.