Banks – Illustrative disclosures | KPMG | BM
close
Share with your friends

Banks – Illustrative disclosures

Banks – Illustrative disclosures

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.

1000

Related content

building with clouds

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.

Better communication

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. For more information, see our Better business reporting website.

Find out more

For KPMG's insights on transitioning to the new standard, visit our IFRS for banks hot topics page.

© 2018 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Connect with us

 

Request for proposal

 

Submit