Your update on the newly effective and forthcoming IFRSs.
Our summaries of newly effective and forthcoming standards cover the four most common financial year ends.
The five summaries show which new standards have to be applied for the first time in your next financial statements, and the standards that are available for early adoption.
Choose one of the following based on your financial year end:
Each summary provides links to more detail on the new requirements, enabling you to quickly access the insight that you need.
The summaries are updated whenever a relevant pronouncement is issued, making it easier for you to access up-to-date information, whenever you need it.
IFRS 9 Financial Instruments will become effective in 2018, as will IFRS 15 Revenue from Contracts with Customers, with the IASB having confirmed its plan to defer the effective date of the new revenue standard.
Both will have a significant impact and may require an overhaul of the processes used to produce the required financial information.
Now is your chance to prepare for transition.
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