Our Guides to financial statements help organizations prepare financial statements in accordance with IFRS Standards. They have three components:
- Illustrative disclosures, which illustrate one possible format for financial statements, based on a fictitious multinational corporation;
- Disclosure checklist, which identifies the disclosures that may be required based on currently effective standards; and
- COVID-19 supplement, which illustrates additional disclosures that companies may need to provide on accounting issues arising from the COVID-19 coronavirus pandemic.
These guides will help organizations to tell their story based on their specific circumstances: they will help ensure that the organization’s financial reporting provides the information that users need, through clear, meaningful and specific disclosures.
Interim financial statements
Illustrative disclosures for interim financial statements
This guide is intended to help entities to prepare and present condensed consolidated interim financial statements in accordance with IAS 34 Interim Financial Reporting by illustrating one possible format for financial statements for a fictitious multinational corporation involved in general business activities. This hypothetical reporting entity has been applying IFRS Standards for some time – i.e. it is not a first-time adopter.
Disclosure checklist for interim financial statements
This guide is intended to help entities to prepare and present condensed consolidated interim financial statements in accordance with IAS 34 Interim Financial Reporting by identifying the potential disclosures required. In addition, it includes the minimum disclosures required in the condensed interim financial statements of a first-time adopter of IFRS Standards.
Interim financial statements & COVID-19
Preparing 2020 interim financial statements is likely to involve more than the usual update since the last annual financial statements. Investors and other users may expect information above and beyond what is typically disclosed. What are the issues and what actions can management take now?
Annual financial statements
COVID-19 supplement guide to annual financial statements
This guide illustrates one possible format for financial statements based on a fictitious multinational listed corporation (the Group) involved in general business activities. This supplement focuses on the additional disclosures that entities may need to provide on accounting issues arising from the COVID-19 coronavirus pandemic.
Disclosure checklist for annual financial statements
This guide is intended to help entities to prepare and present financial statements in accordance with IFRS Standards by identifying the potential disclosures required. In addition, it includes the minimum disclosures required in the financial statements of a first-time adopter of IFRS Standards.
Illustrative disclosures for annual financial statements
This guide is intended to help entities to prepare and present financial statements in accordance with IFRS Standards by illustrating one possible format for financial statements for a fictitious multinational corporation (the Group) involved in general business activities. This hypothetical reporting entity has been applying the Standards for some time – i.e. it is not a first‑time adopter.
Sector-specific guidance
Illustrative disclosures for insurers
Our illustrative disclosures for insurers are based on a fictitious multinational insurer that is not a first-time adopter of IFRS Standards.
Illustrative disclosures for banks
Our illustrative disclosures 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 Standards. The 2021 edition reflects standards in issue at 30 November 2021 that are required to be applied by an entity with an annual period beginning on 1 January 2021.
Illustrative disclosures for investment funds
Our illustrative disclosures for investment funds are based on a fictitious tax-exempt open-ended single-fund investment company, which is not a first-time adopter of IFRS Standards. It reflects standards in issue at 30 November 2021 that are required to be applied by an entity with an annual period beginning on 1 January 2021. This edition also includes an appendix showing a statement of cash flows prepared using the indirect method.
Additional guidance
