Your essential year-end guides 

Our Guides to financial statements help you to prepare financial statements in accordance with IFRS. They have two components:    

• Illustrative disclosures, including supplements, that illustrate one possible format for financial statements prepared under IFRS, based on a fictitious multinational corporation; and 
• a companion Disclosure checklist, which identifies the disclosures that may be required based on currently effective standards and also includes disclosures for the forthcoming standards that are available for early adoption.

Impact of the new standards

Users and regulators have shown a growing interest in the possible impact of the new major standards that have been issued but are not yet effective – i.e. IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases. Regulators have communicated their expectation that, as the implementation of the new standards progresses, more information about their possible impact should become reasonably estimable and companies will be able to provide progressively more entity-specific qualitative and quantitative information about the application of the new standards in their financial statements

The 2017 annual Illustrative disclosures therefore include disclosures on the possible impact of these standards.
 

Early adoption of the new standards

For entities that decide to early adopt, the following Illustrative disclosures are available:   

• Appendix IV in the 2017 annual Illustrative disclosures illustrates the
  effects of early adopting IFRS 9; (PDF 2.62 MB) and 
• IFRS 15 supplement (PDF 1.4 MB) to annual Illustrative disclosures.

For entities that decide to early adopt, Chapter 6 in the Disclosure checklist includes the disclosure requirements of standards that are available for early adoption.  

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.

Download our guides 

Annual Illustrative disclosures	2017 edition (PDF 3 MB) | 2016 edition (PDF 2.62 MB) | 2015 edition (PDF 2.89 MB)
Supplements to annual Illustrative disclosures	IFRS 15 supplement (PDF 1.5 KB)
	IFRS 12 supplement (PDF 1.2 MB)
	IFRS 16 supplement (PDF 1.8 MB)
Annual Disclosure checklists	2017 edition (PDF 2.1 MB) | 2016 edition (PDF 2.5 MB) | 2015 edition
Interim Illustrative disclosures	2017 edition (PDF 258 KB) | 2016 edition | 2015 edition (PDF 223 KB)
Interim Disclosure checklists	2017 edition (PDF 1.45 MB) | 2016 edition | 2015 edition (PDF 1.2 MB)
Annual Illustrative disclosures for sectors	Insurers (IFRS 17; 2018) (PDF 2.8 MB)
	Investment funds (2017) (PDF 3 MB)
	Banks (IFRS 9; 2015) (PDF 2.78 KB)
	Banks (IAS 39; 2016) (PDF 1.45 MB)
	Banks (IFRS 9 pre-transition disclosures; 2017) (PDF 1.3 MB)