Publications & Resources

Corporate Reporting Insights is your ‘go to’ place for financial reporting developments and all aspects of corporate reporting including sustainability and ESG reporting.

• Hyperinflationary economies update – 30 April 2022 (IFRB 2022 03)
• Hyperinflationary economies for the period ended 31 December 2021
• IASB issues ED to amend IAS 1 – Non-current liabilities with covenants
• IASB publishes Exposure Draft – Subsidiaries without public accountability: Disclosures
• 30 June 2021 period-end update (includes IFRS standards issued not effective and recent IFRIC agenda decisions)
• Amendments to IAS 12 – Deferred tax related to assets and liabilities arising from a single transaction
• Disclosure requirements in IFRS standards – A pilot approach
• COVID-19-related rent concessions beyond 30 June 2021: Extension of practical expedient – additional FAQs
• IASB issues amendments to IAS 1, IAS 8 and IFRS Practice Statement 2 – Disclosure of accounting policies and definition of accounting estimates
• Classification of liabilities as current or non-current: FAQs
• IASB proposes extension to COVID-19 practical expedient (IFRS 16)
• IASB publishes Exposure Draft – Regulatory Assets and Regulatory Liabilities
• Going concern - IFRS Foundation publishes guidance on disclosures
• Hyperinflationary economies for 31 December 2020
• Effects of Climate-Related Matters on Financial Statements
• IFRS Foundation Trustees consider sustainability reporting
• Implications of COVID-19 for lessors
• Accounting for rent concessions: Lessee FAQs
• IASB issues amendments to IFRS 17 Insurance Contracts
• Impairment implications of COVID-19 (IFRS 9 Financial Instruments)
• IASB issues amendments to IFRS 16: COVID-19 related rent concessions
• Impairment implications of COVID-19 (IAS 36 Impairment of Assets)
• Amendments to IFRS 16 proposed by the IASB for lessees – rent concessions as a result of COVID-19
• IASB responds to question about IFRS 16 and COVID-19
• Potential effects of the Coronavirus Outbreak on 2020 Reporting Periods and Onward
• Potential effects of the Coronavirus Outbreak on 31 December 2019 Year End Financial Reporting
• IASB Issues Amendments to IAS 1 - Classification of Liabilities as Current or Non-current
• IFRIC Issues Final Agenda Decision for an Assessment of the Lease Term (IFRS 16)
• Effects of IFRS 9, 15 and 16 on Business Combination Accounting.

The following are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards.

These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. They are not intended to address the particular circumstances of any particular individual or entity, and do not contain any Australian-specific disclosures.

• Interim financial statements for the quarter ended 31 March 2022
• 31 December 2021 Illustrative IFRS disclosures – COVID supplement
• Annual financial statements for the year ended 31 December 2021 (including amendments for  COVID-19 rent concessions beyond 30 June 2021)
• 31 December 2020 illustrative IFRS disclosures – COVID-19 supplement
• Annual financial statements for the year ended 31 December 2020.

This series provides guidance in addressing the practical issues when applying key aspects of IFRSs.

The latest editions include:

• IFRS 10 Consolidated Financial Statements (March 2021)
• Accounting for convertible notes (March 2021)
• IAS 36 Impairment of Assets - including guidance on the impact of COVID-19
• IFRS 15 Revenue from Contracts with Customers (updated June 2020)
• IFRS 11 Joint Arrangements (March 2020)
• IAS 7 Statement of Cash Flows (February 2020)
• Distinguishing between a business combination and an asset purchase in the extractives industry (updated January 2020) for changes to IFRS 3 Business Combinations and includes examples of how to apply the revised definition of a ‘business’
• IFRS in Practice – IFRS 16 Leases (updated November 2019) which includes reference to IFRIC agenda decisions, new examples and BDO comments.

Other editions of IFRS in Practice include:

• IFRS 9 Financial Instruments (updated June 2019) provides updated guidance on applying the IFRS 9 requirements to classification and measurement, impairment and hedging of financial instruments
• Applying IFRS 9 to Related Company Loans in the Real Estate Sector and Applying IFRS 9 to Related Company Loans (both updated April 2019) provide updated guidance on applying IFRS 9 requirements to intercompany loans
• IFRS in Practice - IFRS 15 Revenue from Contracts with Customers – Transition (updated March 2019) provides an updated discussion and examples when transitioning to IFRS 15, and
• An Overview of IFRS 6 Exploration for and Evaluation of Mineral Resources (updated March 2019) summarises the requirements of IFRS 6 Exploration for and Evaluation of Mineral Resources, and looks at a number issues which often arise in practice
• Common Errors in Financial Statements - Share-based Payment
• Accounting for commodity loans.

These provide a high level overview of each IFRS and Interpretation.

View the full IFRS at a Glance catalogue.

IFRS FAQs provide insights on frequently asked questions on a variety of IFRS topics. These FAQs incorporate BDO Global’s expertise as well as IFRS Interpretations Committee agenda decisions.

• IFRS FAQs.

• EU Sustainability Reporting - Comparison of Draft CSRD to NFRD Requirements - as of April 2022 (ISRB 2022/03) 
• Q1 2022 sustainability reporting update (ISRB 2022/02)
• 10 Questions boards should know the answer to
• 31 December 2021 year-end sustainability reporting update (ISRB 2022/01)
• International Sustainability Standards Board (ISSB) formed and prototype sustainability standards released (ISRB 2021/01).

• Task Force on Climate-Related Financial Disclosures (TCFD) explained.