Choose Your Standard
Presentation & Disclosure
The new rulebook for how the income statement is structured — defined subtotals, grouped categories and clearer disclosure of management-defined performance measures.
Subsidiaries without Public Accountability
Eligible subsidiaries apply full IFRS recognition & measurement but a reduced set of disclosures — cutting reporting cost without leaving IFRS.
Insurance Contracts
A single measurement model for insurance contracts, replacing the patchwork of local practices with consistent, comparable reporting.
Leases
Brings almost all leases onto the balance sheet as a right-of-use asset and a lease liability, changing how expenses hit the P&L over time.
Revenue from Contracts
The five-step model for recognising revenue: identify the contract, the performance obligations, the price, allocate it, and recognise as obligations are met.
Fair Value Measurement
The single cross-cutting framework for measuring fair value — the exit-price definition, the principal market, valuation techniques, and the Level 1–3 fair value hierarchy.
Financial Instruments
How to classify, measure and impair financial assets and liabilities — including the expected-credit-loss model for provisioning.
Provisions & Contingencies
When to book a provision, when to merely disclose a contingent liability, and how to measure obligations with uncertain timing or amount.
Impairment of Assets
When and how to write assets down to their recoverable amount so the balance sheet never overstates what an asset is really worth.
Property, Plant & Equipment
Recognition, depreciation, revaluation and derecognition of tangible fixed assets over their useful lives.
Income Taxes
Accounting for current and deferred tax — recognising the future tax effect of today's transactions and temporary differences.
Inventories
How to measure inventories at the lower of cost and net realisable value — what goes into cost, the FIFO and weighted-average formulas, and when to write stock down.