Guides to IFRS financial statements

Guides to IFRS financial statements

Illustrative IFRS financial statements and checklists of disclosures.


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KPMG Guides to interim IFRS financial statements 2015 publication image: financial statement and disclosure word cloud

Illustrative IFRS financial statements and checklists of disclosures.

Your essential guides to financial statements

Our Guides to financial statements help you to prepare financial statements in accordance with IFRS. They have two components:

  • Illustrative disclosures, including supplements, that illustrate one possible format for financial statements prepared under IFRS, based on a fictitious multinational corporation; and 
  • Disclosure checklist, which identifies the disclosures that may be required based on currently effective standards and also includes disclosures for the forthcoming standards that are available for early adoption.

Impact of IFRS 16

IFRS 16 Leases replaces the requirements in IAS 17 Leases and related interpretations, and is applicable for the first time for entities with an annual reporting period beginning on or after 1 January 2019.

The interim financial statements will be the first opportunity to communicate the nature and effect of the change after the date of initial application, to update the information provided pre-transition.

Although there are no new disclosures introduced by IFRS 16 that are explicitly required in condensed interim financial statements, entities will have to apply significant judgement in determining how much additional disclosure is necessary to meet the objectives of IAS 34 – i.e. ensuring that the interim financial statements include all information that is relevant to understanding any significant changes since the last annual reporting date, and an entity’s financial position and performance during the interim period.

Our 2019 interim illustrative disclosures illustrate one possible way of doing this.

Explaining the changes

The quality and clarity of explanations of changes in accounting policies and their impacts are key. Investors and other stakeholders will be keenly interested in disclosures of changes in key judgements and estimates. 

You can also follow 'KPMG IFRS' on LinkedIn and listen to our podcasts for the latest content and topical discussion on IFRS.

Download our guides

Annual Illustrative disclosures  

2018 edition | 2017 edition | 2016 edition

Supplements to annual Illustrative disclosures

IFRS 16 supplement
IFRS 15 supplement
IFRS 12 supplement

Annual Disclosure checklists 

2018 edition | 2017 edition | 2016 edition

Interim Illustrative disclosures

2019 edition2018 edition | 2017 edition 

Interim Disclosure checklists

2019 edition2018 edition 2017 edition 

Annual Illustrative disclosures for investment funds 2018 edition2017 edition2016 edition
Annual Illustrative disclosures for banks IFRS 9: 2018 edition2015 edition
IAS 39: 2016 edition | 2017 supplement 
Annual Illustrative disclosures for insurers IFRS 17 and IFRS 9: 2018 edition



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