This article provides a high-level overview of the new and revised IFRS® Accounting Standards effective for the December 2024 calendar year-end and subsequent accounting periods.
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 15 November 2024…
On 15 November 2024, the amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates titled Lack of Exchangeability were endorsed by the European Commission for use in the European Union. The EU effec…
On 24 October 2024, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies' 2024 financial and sustainability statements will focus on.
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 11 October 2024.…
We bring an interesting final agenda decision issued by the IFRS Interpretations Committee in October 2024, which concerns the disclosure of revenues and expenses for reportable segments under IFRS 8 Operating …
On 8 October 2024, the European Securities and Markets Authority (ESMA) published 'Clearing the smog: Accounting for Carbon Allowances in Financial Statements'.
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 19 July 2024.
On 18 July 2024, the International Accounting Standards Board (IASB) published 'Annual Improvements to IFRS Accounting Standards — Volume 11'. It contains amendments to five standards as a result of the IASB's …