Your update on the newly effective and forthcoming IFRSs.
Our summaries of newly effective and forthcoming accounting standards are linked to our insight and guidance, and highlight both their effective date as per the IASB as well as the EU effective date.
The following 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. They also show which have been endorsed by the EU, and note the EU effective date. Choose one of the following financial periods:
These summaries illustrate the impact for a company with a December year end but can be also used by companies with non-calendar year ends.
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.
Three major new accounting standards will become effective in the next few years.
And remember, investors and regulators expect progressively more qualitative and quantitative information about the impacts of the major new standards in both 2016 and 2017 financial statements.
For detailed requirements and guidance on the new standards:
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