IFRS News
This section provides you with the most recent news in International Financial Reporting Standards (IFRS). It summarises the activities of the IFRS Foundation, International Accounting Standards Board (IASB) and the IFRS Interpretations Committee, as well as interviews about the effect of IFRS on the profession around the world.
15 May 2018
PUBLICATIONS AND ANNOUNCEMENTS
The IFRS Foundation has released the first three of 35 stand-alone modules designed to provide support to anyone learning about, applying or reading financial statements prepared using the IFRS for SMEs.
15 May 2018
PUBLICATIONS AND ANNOUNCEMENTS
The International Accounting Standards Board issued a revised version of the Conceptual Framework for Financial Reporting on 29 March 2018. It sets out the fundamental concepts of financial reporting that underpin IFRS. It will replace the 2010 Conceptual Framework.
23 March 2018
PUBLICATIONS AND ANNOUNCEMENTS
IAS 19 amended for plan amendment, curtailment or settlement
13 February 2018
PUBLICATIONS AND ANNOUNCEMENTS
IFRS 9 and IFRS 15 are effective for reporting periods starting on or after 1 January 2018.
IFRS 9 Financial Instruments
6 February 2018
IFRS 16 comes into effect for periods commencing on or after 1 January 2019. All businesses that have contracts which are currently treated as operating leases in their financial statements (i.e. any business who pays rent) will definitely be affected by the forthcoming changes.
4 January 2018
PUBLICATIONS AND ANNOUNCEMENTS
Four Standards amended under Annual Improvements to IFRS Standards 2015-2017 Cycle
15 December 2017
In May 2014, the International Accounting Standards Board (IASB) published IFRS 15 which replaces IAS 18 Revenue, IAS 11 Construction Contracts and their associated interpretations.
6 December 2017
IFRS INTERPRETATIONS COMMITTEE (IC)
LATEST DECISIONS SUMMARY
The following is a summarised update on some of the main discussions or tentative decisions taken by the IC at its meeting on 20 November 2017.
7 November 2017
PUBLICATIONS AND ANNOUNCEMENTS
IFRS 9 amended for the classification of particular prepayable financial assets
6 November 2017
On 24 July 2014, the International Accounting Standards Board (IASB) published the complete version of IFRS 9 which becomes mandatorily effective for periods commencing on or after 1 January 2018.
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