On 19 December 2023, three amendments to IAS 1 Presentation of Financial Statements were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effect…
This article provides a high-level overview of the new and revised IFRS® Accounting Standards that are effective for the December 2023 calendar year-end and subsequent accounting periods.
On 20 November 2023, the amendments to IFRS 16 Leases titled Lease Liability in a Sale and Leaseback were endorsed by the European Commission for use in the European Union.
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 21 November 2023…
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 4 October 2023.
A new consolidated text of all International Financial Reporting Standards in force in the European Union (EU) has been published in the Official Journal.
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 28 August 2023.
On 15 August 2023, the International Accounting Standards Board (IASB) published 'Lack of Exchangeability (Amendments to IAS 21)' that contains guidance to specify when a currency is exchangeable and how to det…
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 2 June 2023.