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Guides to financial statements

Guides to financial statements

Illustrative financial statements and checklists of disclosures under IFRS® Standards.

Illustrative financial statements and checklists of disclosures under IFRS® Standards.

Your essential guides to financial statements 

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

  • Illustrative disclosures, including supplements, that illustrate one possible format for financial statements, based on a fictitious multinational corporation; and 
  • Disclosure checklist, which identifies the disclosures that may be required based on currently effective standards.

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.

Applying the new standard is expected to significantly affect the disclosures included in the financial statements of some companies. The areas to focus on include the following.

  • Disclosure of the nature and effect of changes in accounting policies on leases. Disclosures may differ depending on the transition method chosen.
  • New ‘business as usual’ disclosures in IFRS 16.

Our 2019 annual illustrative disclosures (PDF 2.9 MB) illustrate one possible way of doing this.


Improved disclosures

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 check out IFRS Today for the latest content and topical discussion on IFRS.

Download our guides 

Annual Illustrative disclosures 2019 edition (PDF 2.9 MB)
2018 edition (PDF 2.7 MB) 
2017 edition (PDF 3 MB) 
Supplements to annual Illustrative disclosures IFRS 12 supplement (PDF 1.2 KB)
IFRS 15 supplement (PDF 1.5 MB)
IFRS 16 supplement (PDF 1.8 MB)
Annual Disclosure checklists 2019 edition (PDF 2.6 MB)
2018 edition (PDF 1.9 MB) 
2017 edition (PDF 2.1 MB) 
Interim Illustrative disclosures 2019 edition (PDF 2 MB) | 
2018 edition (PDF 2 MB) | 
2017 edition (PDF 258 KB) 
Interim Disclosure checklists 2019 edition (PDF 1 MB) | 
2018 edition (PDF 1 MB) | 
2017 edition (PDF 1.45 MB) 
Annual Illustrative disclosures for sectors

Banks (2019) (PDF 2.8 MB)

Insurers (IFRS 17; 2018) (PDF 2.8 MB)
Investment funds (2019) (PDF 1.7 MB)

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