Educational material on applying IFRSs to climate-related matters updated
Jul 04, 2023
On July 4, 2023, the IFRS Foundation has released an updated version of its publication that shows how existing IFRS requirements require companies to consider climate-related matters when their effect is material to the financial statements.
The publication mainly consists of a non-exhaustive list of examples illustrating when IFRS Standards may require companies to consider the effects of climate-related matters in applying the principles in a number of standards.
The examples in the list refer to the following standards:
- IAS 1 Presentation of Financial Statements
- IAS 2 Inventories
- IAS 12 Income Taxes
- IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets
- IAS 36 Impairment of Assets
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 21 Levies
- IFRS 7 Financial Instruments: Disclosures
- IFRS 9 Financial Instruments
- IFRS 13 Fair Value Measurement
- IFRS 17 Insurance Contracts
Access the material on the IASB website.
Related Topics
- IAS 36 — Impairment of Assets
- IAS 37 — Provisions, Contingent Liabilities and Contingent Assets
- IFRS 9 — Financial Instruments
- IFRS 13 — Fair Value Measurement
- IFRS 17 — Insurance Contracts
- IAS 1 — Presentation of Financial Statements
- IAS 2 — Inventories
- IAS 12 — Income Taxes
- IAS 16 — Property, Plant and Equipment
