IFRS model financial statements 2017
Deloitte's Global IFRS Office has released International GAAP Holdings Limited — Model financial statements for the year ended 31 December 2017.
These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2017 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 2017.
The publication includes:
- Section 1 — New and revised IFRSs for 2017 annual financial statements and beyond:
- An overview of new and revised IFRSs that are mandatorily effective for the year ended 31 December 2017
- An overview of new and revised IFRSs that are not yet mandatorily effective but allow early application for the year ended 31 December 2017
- Section 2 — Model financial statements for the year ended 31 December 2017
Appendix 1: Early adoption of IFRS 16 'Leases' and Appendix 2: Early application of IFRS 15 'Revenue from Contracts with Customers' have been produced to complement these models.
An appendix illustrating early adoption of IFRS 9 will also be made available.