Your essential guide to preparing financial statements for banks under IFRS® Standards.
Your essential guide to preparing IFRS financial statements for banks.
Your essential guide to disclosures for banks
Our Guides to financial statements help you to prepare financial statements in accordance with IFRS Standards by illustrating one possible format.
Our illustrative disclosures for banks are based on a fictitious banking group involved in a range of general banking activities, which is not a first-time adopter of IFRS Standards. The 2019 edition (PDF 2.8 MB) includes the impact of applying IFRS 16 Leases for the first time.
It reflects standards in issue at 30 November 2019 that are required to be applied by an entity with an annual period beginning on 1 January 2019, plus early adoption of the amendments related to the market-wide reform of interbank offered rates (IBOR reform)1 .
Explaining the changes
As you apply IFRS 16 in your 2019 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.
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1 Amendments to IFRS 9 Financial Instruments, IAS®39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures.