IFRS model financial statements 2016
Deloitte's Global IFRS Office has released International GAAP Holdings Limited — Model financial statements for the year ended 31 December 2016.
These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2016 by an entity that is not a first-time adopter of IFRSs. They illustrate the impact of the application of IFRSs that are mandatorily effective for the annual period beginning on 1 January 2016.
The publication includes:
- Section 1 — New and revised IFRSs for 2016 annual financial statements and beyond:
- An overview of new and revised IFRSs that are mandatorily effective for the year ended 31 December 2016
- An overview of new and revised IFRSs that are not yet mandatorily effective but allow early application for the year ended 31 December 2016
- Section 2 — Model financial statements for the year ended 31 December 2016
Another version of this publication with an appendix illustrating early adoption of IFRS 9 is also available: IFRS model financial statements 2016 (With early adoption of IFRS 9)