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:

• 1 January 2017 to 31 December 2017 (PDF 81 KB)
• 1 January 2016 to 31 December 2016 (PDF 89 KB)
• 1 January 2015 to 31 December 2015 (PDF 98 KB)

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.

These standards may have a significant impact on your financial statements and may require an overhaul of the processes used to produce the required financial information.

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:

• visit the hot topics pages on IFRS 9, IFRS 15 and IFRS 16;
• look at our Transition options publications on IFRS 15 and IFRS 16, and the transition section of our First Impressions on IFRS 9; and
• download our Guides to annual financial statements.