IFRS 9 is an international financial reporting standard that provides guidance on the accounting treatment of financial instruments. It was issued by the International Accounting Standards Board (IASB) in July 2014 and is effective for reporting periods beginning on or …
IFRS 5 is a standard that provides guidance on the accounting for non-current assets held for sale, and discontinued operations. The standard is intended to ensure that such assets and operations are properly accounted for and presented in the financial …
IFRS 1, also known as First-time Adoption of International Financial Reporting Standards, is an important standard that provides guidance to companies transitioning to IFRS for the first time. It sets out the requirements for the preparation and presentation of the …
Emmanuel Faber was appointed as the inaugural Chair of the newly created International Sustainability Standards Board (ISSB) in December 2021. He discusses his role, the work of the ISSB and the impact of sustainability with the Standards. This is the last of a …
IFRS 3: Business Combinations IFRS 3 is an accounting standard that outlines the principles and procedures for accounting for business combinations. A business combination is a transaction in which an acquirer obtains control over one or more businesses. The standard …
IFRS 2 is an accounting standard that deals with share-based payment transactions. This standard provides guidance on how to account for equity-settled and cash-settled share-based payments, including employee stock options, restricted stock units, and performance-based share plans. The purpose of …