IFRS Standards — In Nutshell

Identification: clearly identify the financial statements; disclose entity name, individual/group, period end, presentation currency and level of rounding [paras 25–27] .
Frequency: a complete set at least annually; explain any longer/shorter period [para 28] .
Consistency: retain presentation and classification period to period unless a change is clearly more appropriate or required [para 30] .
Comparatives: for all amounts reported, and narrative information where relevant; reclassify comparatives when presentation changes (or explain why impracticable) [paras 31–36] .

Explore the IFRS Accounting Standards & the IFRS for SMEs Accounting Standard

Click any standard or section below to open its practical nutshell summary — objective, scope, key requirements, presentation templates and effective dates, drawn strictly from the standards themselves.

Explore the IFRS Accounting Standards & the IFRS for SMEs Accounting Standard

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