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Your essential year-end guide

Our Guides to financial statements help you to prepare financial statements in accordance with IFRS Accounting Standards by illustrating one possible format. 

Our Guide to annual financial statements – Illustrative disclosures for investment funds is based on a fictitious tax-exempt open-ended single-fund investment company, which is not a first-time adopter of IFRS Accounting Standards. 

It reflects IFRS Accounting Standards in issue at 30 November 2023 that are required to be applied for annual periods beginning on 1 January 2023. 

The 2024 edition includes an illustration of new disclosures relating to Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2).

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Financial reporting in uncertain times

Many investment funds are likely to be facing challenges in these uncertain times. External events such as geopolitical events, natural disasters, climate effects or inflationary pressures are just a few of the major issues driving global economic uncertainty today.

Preparers should carefully evaluate and consider the impact of external events on their 2023 financial reporting and provide relevant, fund-specific disclosures.

Our Financial reporting in uncertain times resource centre includes articles, blogs and podcasts to help you better understand the accounting and disclosure implications for your fund.

Climate change and financial reporting

All investment funds are facing climate-related risks and opportunities and are making strategic decisions in response – including around their transition to a low-carbon economy.

Our Climate change financial reporting resource centre provides FAQs to help investment funds identify the potential financial statement impacts for their business.

Also, the International Sustainability Standards Board (ISSB) has published IFRS Sustainability Disclosure Standards. For more on this and related developments, see our Sustainability reporting web page.

You can also follow 'KPMG IFRS' on LinkedIn and check out IFRS Today for the latest content and topical discussion on IFRS Accounting Standards.