Your smart companion for everything IFRS.
Your smart companion for everything related to International Financial Reporting Standards. Whether you're a finance professional, student, or business leader, this section simplifies complex IFRS concepts into practical, easy-to-understand insights, helping you stay informed, compliant, and confident in your financial reporting.
Revenue, presentation and profit
This section highlights core IFRS standards that shape how businesses report their performance. From how revenue is earned and presented to how errors and accounting choices are handled, these standards form the foundation of financial reporting clarity. Whether you're preparing financial statements or analyzing them, understanding these principles is essential for accuracy, transparency, and trust.
Accounting for non-current assets
This section focuses on standards that govern the recognition, measurement, and presentation of long-term assets. From the acquisition and use of property and equipment to investment properties, borrowing costs, and asset disposals—these IFRS standards guide how such assets are treated in financial statements.
Accounting for assets, impairments and grants
This section covers how IFRS handles intangible assets, impairments, inventory valuation, and government grants. These standards ensure businesses recognize and present asset-related items and government support consistently and transparently.
Accounting for leases and specialised assets
This section addresses unique and specialized asset types. It includes the accounting treatment of leases, agricultural activity, and mineral resource exploration—areas where specific IFRS guidance is essential due to complexity and industry-specific characteristics.
Accounting for financial instruments
This section covers how IFRS deals with the recognition, measurement, presentation, and disclosure of financial instruments and insurance contracts. These standards promote transparency, comparability, and risk understanding in financial reporting.
Disclosure standards and first-time adoption
This section addresses unique and specialized asset types. It includes the accounting treatment of leases, agricultural activity, and mineral resource exploration—areas where specific IFRS guidance is essential due to complexity and industry-specific characteristics.