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Your essential year-end guide

Our Guides to financial statements help you to prepare financial statements in accordance with IFRS Standards by illustrating one possible format. 

This edition (PDF 1.7 MB) is based on a fictitious tax-exempt open-ended single-fund investment company, which is not a first-time adopter of IFRS Standards. 

It reflects standards in issue at 31 December 2020 that are required to be applied by an entity with an annual period beginning on 1 January 2020 and early adoption of Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16).  It also notes additional disclosures that funds may consider in relation to the impact of the COVID-19 coronavirus pandemic.


Remember the bigger picture

Financial reporting is not just about technical compliance, but also effective communication. Investors continue to ask for a step-up in the quality of business reporting, so preparers should be careful not to become buried in compliance to the exclusion of relevance. In preparing their financial statements, companies need to focus on improving their communication by reporting financial information in a meaningful way.


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