On 9 April 2024 the IASB released IFRS 18 Presentation and Disclosure in Financial Statements, the most significant change to the requirements on financial statements’ presentation in the last 20 years.

Moore Global member firms have extensive expertise in applying International Financial Reporting Standards (IFRS). Our dedicated IFRS Team at Moore Global has developed this set of illustrative financial statements to assist you in preparing your financial statements in accordance with IFRS accounting standards for the year ending 31 December 2023.

On 9 April 2020 the International Accounting Standards Board published an Exposure Draft, Interest Rate Benchmark Reform – Phase 2, Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16. Click to read the key proposals in the exposure draft.

Download the latest guidance on how to treat rent related concessions following the recent amendment to IFRS16 in the wake of COVID-19.

The IASB has introduced some changes to IFRS 3 ‘Business Combinations’ which apply for accounting periods beginning on or after 1 January 2020.

The International Accounting Standards Board (IASB) issued IFRS 16 Leases on 13 January 2016. Revising the lease accounting requirements was first added to the IASB’s agenda in 2006. Since then, several exposure drafts have been issued and hotly debated. Now that IFRS 16 has been released, our team looks at the key implications for leases and lessees.

 

The turmoil in the shipping and financial markets since 2008 has resulted in a significant decrease in funds available for borrowing and has led shipping companies to seek alternative methods of financing for the acquisition of vessels such as the sale and leaseback option. With the adoption of IFRS 16 from 1 January 2019, Panos Drakoulakos details how this will impact sale and lease backs as an alternative financing method.