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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 the new standards

IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers are effective for the first time for companies with an annual reporting period beginning on or after 1 January 2018.

Applying the new standards is expected to significantly affect the disclosures included in the financial statements – both disclosure of the nature and effect of changes in accounting policies and new ‘business as usual’ disclosures. 

Our 2018 annual illustrative disclosures illustrate one possible way of applying the new requirements. They also include illustrative disclosures on the possible impacts of IFRS 16 Leases.

Explaining the change

As you apply IFRSs 9 and 15 in your 2018 annual financial statements, embrace the opportunity to think through how best to explain the changes and their effects. 

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 key judgements and estimates. 

You can also follow 'KPMG IFRS' on LinkedIn, listen to our podcasts and read our IFRS blog 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

2018 edition | 2017 edition | 2016 edition

Interim Disclosure checklists

2018 edition 2017 edition | 2016 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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