Our Guides to financial statements help you to prepare financial statements in accordance with IFRS. They illustrate one possible format for financial statements prepared under IFRS.
Our guides for banks are based on a fictitious banking group involved in a range of general banking activities, which is not a first-time adopter of IFRS. The 2016 edition (PDF 1.4 MB) shows illustrative disclosures under IAS 39 Financial Instruments: Recognition and Measurement. It reflects standards in issue at 31 December 2016 that are required to be applied by an entity with an annual period beginning on 1 January 2016.
The 2017 supplement (PDF 1.3 MB) to the 2016 edition updates the pre-transition disclosures on the impact of the adoption of IFRS 9 Financial Instruments.
Our guide illustrating early application of IFRS 9 is also available.
Investors continue to ask for a step-up in the quality of business reporting, so companies should be careful not to become buried in compliance to the exclusion of relevance. In preparing their financial statements, companies need to focus on improving their communication by reporting financial information in a meaningful way and innovating their financial statement presentation and disclosure in the broader context of better business reporting.