Newly effective requirements

      Effective date

      New accounting standards or amendments

      Articles and other resources

      Insights into IFRS®

      1 January 2025

      Lack of Exchangeability – Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates

      Article

      2.7.94, 2.7.250

      Forthcoming requirements

      Effective date

      New accounting standards or amendments

      Articles and other resources

      Insights into IFRS®

      1 January 2026

      Classification and Measurement of Financial Instruments – Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures

      Financial assets with ESG-linked features
      Article

      Settlement by electronic payments
      Article

      2.3.15, 7.4.175.10, 7.4.295, 7.4.335, 7.4.372, 7.4.385, 7.6.15, 7.6.65, 7.6.365, 7.10.235, 7.10.357, 7.11.260

      Annual Improvements to IFRS Accounting Standards – Amendments to:

      • IFRS 1 First-time Adoption of International Financial Reporting Standards;
      • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7;
      • IFRS 9 Financial Instruments;
      • IFRS 10 Consolidated Financial Statements; and
      • IAS 7 Statement of Cash flows
      Article5.1.379, 7.1.155, 7.7.22
      Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7Article7.1.235, 7.9.305, 7.10.676, 7.11.270

      1 January 2027

      IFRS 18 Presentation and Disclosure in Financial Statements

      Article

      Talkbook

      First Impressions

      Forthcoming requirements in chapters 1.2, 2.1, 2.3, 2.7, 2.10, 3.1, 3.12, 3.13, 4.1, 4.1A, 4.4, 5.1, 5.3, 5.8, 5.9, 7.7, 7.10, 8.1

      IFRS 19 Subsidiaries without Public Accountability: Disclosures

      Article

      Forthcoming requirements in chapter 1.1
      IFRS for SMES third edition*ArticleForthcoming requirements in chapter 1.1

      To be determined

      Sale or Contribution of Assets between an Investor and its Associate or Joint Venture – Amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures**

       

       

      *  The effective date is for the updated sections only.

      ** The effective date for these amendments was deferred indefinitely. Early adoption continues to be permitted.

       

      For helpful, up-to-date guidance on the key aspects of financial reporting, including all of the most recent developments in IFRS® Accounting Standards, see our publication Insights into IFRS.