IFRS Accounting Taxonomy Update — Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 [Completed]

Effective date:

The IFRS Accounting Taxonomy 2024 is based on IFRS Accounting Standards as at January 1, 2024, including Standards issued but not yet effective.

Last updated:

March 2024

Overview

On March 27, 2024, the IFRS Foundation has published the IFRS Accounting Taxonomy 2024. It includes changes to the IFRS Accounting Taxonomy 2023 to reflect new or amended presentation and disclosure requirements arising from:

  • International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12), issued in May 2023.
  • International Tax Reform—Pillar Two Model Rules (Amendments to Section 29 of the IFRS for SMEs Accounting Standard), issued in September 2023.
  • Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7), issued in May 2023; and
  • Lack of Exchangeability (Amendments to IAS 21), issued in August 2023.

The IFRS Accounting Taxonomy 2024 also includes changes to reflect common reporting practice by companies that apply IFRS Accounting Standards, general taxonomy improvements and updates to the IFRS Accounting Taxonomy’s technology.

Access the files for IFRS Accounting Taxonomy 2024 and the supporting information on the IASB web­site.

 

 

 

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.