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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.



2020 interim reporting

Our 2020 condensed interim illustrative disclosures (PDF 2.5 MB) include an illustration of the change in accounting policy for entities that have hedges that are directly affected by interest rate benchmark reform (IBOR reform).

Preparers should also carefully evaluate and consider the impact of the COVID-19 coronavirus outbreak on their 2020 interim financial reporting and provide an update of relevant entity-specific disclosures since the last annual reporting date. For relevant guidance, see our COVID-19 financial reporting resource centre, especially the web article What is the impact of COVID-19 on interim financial statements?

For many entities, the 2020 interim financial statements will be the first reporting period in which the impacts of the COVID-19 outbreak are reflected – i.e. it will affect the measurement and recognition of assets and liabilities, income and expenses – so it will be key for entities to provide relevant disclosures. Besides, changes in circumstances may have made significant disclosures included in the recent annual financial statements less relevant. As such, preparers will need to consider providing additional supplementary disclosures in their interim financial statements. For example, entities may need to update and expand disclosures about liquidity – especially compared with what might have been included in previous annual or interim reports. 

Investors and other users may expect information above and beyond what is typically disclosed.

You can also follow 'KPMG IFRS' on LinkedIn and check out IFRS Today for the latest content and topical discussion on IFRS Standards.


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 2020 edition (PDF 2.5 MB) |
2019 edition (PDF 2 MB) | 
2018 edition (PDF 2 MB) | 
Interim Disclosure checklists 2020 edition (PDF 1.45 MB) |
2019 edition (PDF 1 MB) | 
2018 edition (PDF 1 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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