Publications

Our IFRS publications address the following commonly asked questions: What are the requirements of IFRS? What does changing to IFRS involve? How does IFRS compare to other accounting frameworks? What do IFRS financial statements look like? Where can I get advice on applying and interpreting IFRS?

See our publications below for answers to these and other IFRS implementation questions.

For a printable overview of available publications, please view our publications catalogue

Browse PwC's IFRS publications

IFRS News - April 2017

07 Apr 2017

Article 50's impact on deferred tax, tons of NFRICS on IAS 32 and all you need to know on new standards

What will 2018 be remembered for?

03 Apr 2017

Sandra Thompson gives her top 9 impacts on IFRS 9 on corporates.

New IFRSs for 2017 - PwC In depth

28 Mar 2017

This guide summarises these new amendments and IFRIC plus those standards and amendments issued previously that are effective from 1 January 2017. It is designed to be used by preparers, users and auditors of IFRS financial statements. It includes a quick reference table of each standard/amendment/interpretation categorised by the effective date, whether early adoption is permitted and the EU endorsement status as of 1 March 2017. The publication gives an overview of the impact of the changes, which may be significant for some entities, helping companies understand if they will be affected and to begin their considerations. It will help entities plan more effectively by flagging up where new processes and systems or more guidance may be needed.

‘Brexit’ and implications for income tax - PwC In brief

28 Mar 2017

The UK Government is about to give formal notice of its intention to leave the EU. This notice will trigger the process of negotiating the UK’s exit, which is likely to last at least two years. There are various tax reliefs and exemptions that apply to transactions between UK entities and entities in other EU member states, under existing tax laws, that might cease to apply when the UK’s exit finally occurs. The tax legislation, if any, that will replace those reliefs and exemptions is unknown at this stage. This In brief addresses the potential implications for income tax accounting.

Who is an April fool then?

24 Mar 2017

Dave Walters puts up a good fight for why deferred tax should be axed.

IFRS issues and solutions for the pharmaceutical and life sciences industry

20 Mar 2017

PwC insight on how to apply IFRS in common Pharmaceutical transactions, including guidance on the IFRS 15, the new revenue standard.

Modification of financial liabilities – IFRS 9 changes accounting: PwC In brief

06 Mar 2017

In February 2017, the IASB (‘Board’) discussed the accounting for modifications of financial liabilities under IFRS 9, ‘Financial instruments’. The Board confirmed the tentiatve view of the Interpretations Commitee that when a financial liability measured at amortised cost is modified without this resulting in derecognition, a gain or loss should be recognised in profit or loss. The gain or loss is calculated as the difference between the original contractual cash flows and the modified cash flows discounted at the original effective interest rate. This In brief looks that the details.

IFRS News - March 2017

06 Mar 2017

Cracking cryptocurrency – what is a bitcoin anyway; The Twilight Zone between a business and an asset – a GAAP difference; and our regular columns on IFRSs 16, 9 & 15.

PwC Illustrative condensed interim financial statements 2017

27 Feb 2017

This publication presents the sample interim financial reports of a fictional listed company, Value IFRS Plc. It illustrates the financial reporting requirements that would apply to such a company under International Financial Reporting Standards as issued at 31 October 2016. Supporting commentary is also provided. For the purposes of this publication, Value IFRS Plc is listed on a fictive Stock Exchange and is the parent entity in a consolidated entity.

IFRS 9 for banks - Illustrative disclosures - PwC publication

23 Feb 2017

This publication presents illustrative disclosure introduction or modified by IFRS 9 'Financial instruments' for a fictional medium-sized bank. We have illustrated a realistic set of disclosures for a medium-sized bank. However, as this publication is a reference tool, we have not removed any disclosures based on materiality. Consequently, some of the disclosures in this publication would likely be immaterial if the bank were a 'real life' company.

IFRS News - February 2017

01 Feb 2017

New Year’s resolutions for IFRS reporters; how to accept the new Insurance Standard and our regular columns on IFRS 16, 9 & 15.

IAS 29 - Hyper-inflationary economies at 31 December 2016 - PwC In brief

06 Jan 2017

Paragraph 4 of IAS 29, ‘Financial reporting in hyper-inflationary economies’, requires the standard to be applied from the beginning of the period in which the existence of hyper-inflation is identified. This In brief explains the implications of that guidance and sets out the countries that are expected to be hyper-inflationary at 31 December 2016 (based on data from the IMF).

Illustrative IFRS financial statements 2016 - Private equity funds - PwC publication

06 Jan 2017

PwC's publication, Illustrative IFRS financial statements 2016 - Private equity funds, provides an illustrative set of financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional private equity limited partnership (‘ABC Private Equity LP’ or the ‘Partnership’).

IFRS News - December 2016/January 2017

15 Dec 2016

Pension and IFRS 9 disclosures are all the rage, a Christmas greeting to the Board and our regular columns on IFRS 16, 9 & 15.

Amendment to IAS 40, 'Investment property': PwC In brief

09 Dec 2016

The IASB has issued an amendment to IAS 40, 'Investment property', clarifying when assets are transferred to, or from, investment properties.

Foreign currency transactions and advance consideration: PwC In brief

09 Dec 2016

In November 2016, the IFRS Interpretations Committee (IC) issued an Interpretation on how to determine the date of the transaction when applying the standard on foreign currency transactions, IAS 21. The Interpretation applies where an entity either pays or receives consideration in advance for foreign currency-denominated contracts.

PwC IFRS pocket guide 2016

16 Nov 2016

Our IFRS pocket guide provides a summary of the recognition and measurement requirements of IFRSs issued up to August 2016. This quick-reference guide is intended for a variety of audiences, including finance directors, financial controllers and other members of the finance team, as well as broader management, actuaries, lawyers, merchant bankers and analysts.

Illustrative IFRS financial statements - Investment property 2016

09 Nov 2016

This publication provides an illustrative set of consolidated financial statements, prepared in accordance with IFRS, for a fictional investment property group (IP Group). The Group prepares its consolidated financial statements in accordance with IFRS as issued by the IASB (that is, it does not prepare the consolidated financial statements in accordance with IFRS as adopted by the European Union).

PwC IFRS News - November 2016

08 Nov 2016

The November 2016 issue includes: IFRS 15 – Time is running out regulators focus on new standard disclosure, Beware of VIU - Common pitfalls of the impairment VIU model, Cannon Street Press, Disclosure initiative, Conceptual framework, Operating Segments, IFRIC Update, FICE, Leases Lab Predetermined use contracts, Demystifying IFRS 9 Significant increase in credit risk, IC rejections IAS 26.

Illustrative IFRS financial statements - Investment funds 2016

08 Nov 2016

This publication is based on the requirements of IFRS standards and interpretations for the financial year beginning on 1 January 2016. There were no new standards or amendments effective for annual periods beginning on 1 January 2016 which had a material impact on the example fund. As a result, our 2016 edition is largely consistent with our 2015 publication. A new feature in this year's edition is the inclusion of hyperlinks which make it easier to navigate between sections and find related information.

IFRS News - April 2017

07/04/17

Article 50's impact on deferred tax, tons of NFRICS on IAS 32 and all you need to know on new standards

What will 2018 be remembered for?

03/04/17

Sandra Thompson gives her top 9 impacts on IFRS 9 on corporates.

‘Brexit’ and implications for income tax - PwC In brief

28/03/17

The UK Government is about to give formal notice of its intention to leave the EU. This notice will trigger the process of negotiating the UK’s exit, which is likely to last at least two years. There are various tax reliefs and exemptions that apply to transactions between UK entities and entities in other EU member states, under existing tax laws, that might cease to apply when the UK’s exit finally occurs. The tax legislation, if any, that will replace those reliefs and exemptions is unknown at this stage. This In brief addresses the potential implications for income tax accounting.

New IFRSs for 2017 - PwC In depth

28/03/17

This guide summarises these new amendments and IFRIC plus those standards and amendments issued previously that are effective from 1 January 2017. It is designed to be used by preparers, users and auditors of IFRS financial statements. It includes a quick reference table of each standard/amendment/interpretation categorised by the effective date, whether early adoption is permitted and the EU endorsement status as of 1 March 2017. The publication gives an overview of the impact of the changes, which may be significant for some entities, helping companies understand if they will be affected and to begin their considerations. It will help entities plan more effectively by flagging up where new processes and systems or more guidance may be needed.

Who is an April fool then?

24/03/17

Dave Walters puts up a good fight for why deferred tax should be axed.

IFRS issues and solutions for the pharmaceutical and life sciences industry

20/03/17

PwC insight on how to apply IFRS in common Pharmaceutical transactions, including guidance on the IFRS 15, the new revenue standard.

Modification of financial liabilities – IFRS 9 changes accounting: PwC In brief

06/03/17

In February 2017, the IASB (‘Board’) discussed the accounting for modifications of financial liabilities under IFRS 9, ‘Financial instruments’. The Board confirmed the tentiatve view of the Interpretations Commitee that when a financial liability measured at amortised cost is modified without this resulting in derecognition, a gain or loss should be recognised in profit or loss. The gain or loss is calculated as the difference between the original contractual cash flows and the modified cash flows discounted at the original effective interest rate. This In brief looks that the details.

IFRS News - March 2017

06/03/17

Cracking cryptocurrency – what is a bitcoin anyway; The Twilight Zone between a business and an asset – a GAAP difference; and our regular columns on IFRSs 16, 9 & 15.

PwC Illustrative condensed interim financial statements 2017

27/02/17

This publication presents the sample interim financial reports of a fictional listed company, Value IFRS Plc. It illustrates the financial reporting requirements that would apply to such a company under International Financial Reporting Standards as issued at 31 October 2016. Supporting commentary is also provided. For the purposes of this publication, Value IFRS Plc is listed on a fictive Stock Exchange and is the parent entity in a consolidated entity.

IFRS 9 for banks - Illustrative disclosures - PwC publication

23/02/17

This publication presents illustrative disclosure introduction or modified by IFRS 9 'Financial instruments' for a fictional medium-sized bank. We have illustrated a realistic set of disclosures for a medium-sized bank. However, as this publication is a reference tool, we have not removed any disclosures based on materiality. Consequently, some of the disclosures in this publication would likely be immaterial if the bank were a 'real life' company.

IFRS News - February 2017

01/02/17

New Year’s resolutions for IFRS reporters; how to accept the new Insurance Standard and our regular columns on IFRS 16, 9 & 15.

IAS 29 - Hyper-inflationary economies at 31 December 2016 - PwC In brief

06/01/17

Paragraph 4 of IAS 29, ‘Financial reporting in hyper-inflationary economies’, requires the standard to be applied from the beginning of the period in which the existence of hyper-inflation is identified. This In brief explains the implications of that guidance and sets out the countries that are expected to be hyper-inflationary at 31 December 2016 (based on data from the IMF).

Illustrative IFRS financial statements 2016 - Private equity funds - PwC publication

06/01/17

PwC's publication, Illustrative IFRS financial statements 2016 - Private equity funds, provides an illustrative set of financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional private equity limited partnership (‘ABC Private Equity LP’ or the ‘Partnership’).

IFRS News - December 2016/January 2017

15/12/16

Pension and IFRS 9 disclosures are all the rage, a Christmas greeting to the Board and our regular columns on IFRS 16, 9 & 15.

Amendment to IAS 40, 'Investment property': PwC In brief

09/12/16

The IASB has issued an amendment to IAS 40, 'Investment property', clarifying when assets are transferred to, or from, investment properties.

Foreign currency transactions and advance consideration: PwC In brief

09/12/16

In November 2016, the IFRS Interpretations Committee (IC) issued an Interpretation on how to determine the date of the transaction when applying the standard on foreign currency transactions, IAS 21. The Interpretation applies where an entity either pays or receives consideration in advance for foreign currency-denominated contracts.

PwC IFRS pocket guide 2016

16/11/16

Our IFRS pocket guide provides a summary of the recognition and measurement requirements of IFRSs issued up to August 2016. This quick-reference guide is intended for a variety of audiences, including finance directors, financial controllers and other members of the finance team, as well as broader management, actuaries, lawyers, merchant bankers and analysts.

Illustrative IFRS financial statements - Investment property 2016

09/11/16

This publication provides an illustrative set of consolidated financial statements, prepared in accordance with IFRS, for a fictional investment property group (IP Group). The Group prepares its consolidated financial statements in accordance with IFRS as issued by the IASB (that is, it does not prepare the consolidated financial statements in accordance with IFRS as adopted by the European Union).

PwC IFRS News - November 2016

08/11/16

The November 2016 issue includes: IFRS 15 – Time is running out regulators focus on new standard disclosure, Beware of VIU - Common pitfalls of the impairment VIU model, Cannon Street Press, Disclosure initiative, Conceptual framework, Operating Segments, IFRIC Update, FICE, Leases Lab Predetermined use contracts, Demystifying IFRS 9 Significant increase in credit risk, IC rejections IAS 26.

Illustrative IFRS financial statements - Investment funds 2016

08/11/16

This publication is based on the requirements of IFRS standards and interpretations for the financial year beginning on 1 January 2016. There were no new standards or amendments effective for annual periods beginning on 1 January 2016 which had a material impact on the example fund. As a result, our 2016 edition is largely consistent with our 2015 publication. A new feature in this year's edition is the inclusion of hyperlinks which make it easier to navigate between sections and find related information.

IFRS News - April 2017

April 07, 2017

Article 50's impact on deferred tax, tons of NFRICS on IAS 32 and all you need to know on new standards

What will 2018 be remembered for?

April 03, 2017

Sandra Thompson gives her top 9 impacts on IFRS 9 on corporates.

New IFRSs for 2017 - PwC In depth

March 28, 2017

This guide summarises these new amendments and IFRIC plus those standards and amendments issued previously that are effective from 1 January 2017. It is designed to be used by preparers, users and auditors of IFRS financial statements. It includes a quick reference table of each standard/amendment/interpretation categorised by the effective date, whether early adoption is permitted and the EU endorsement status as of 1 March 2017. The publication gives an overview of the impact of the changes, which may be significant for some entities, helping companies understand if they will be affected and to begin their considerations. It will help entities plan more effectively by flagging up where new processes and systems or more guidance may be needed.

‘Brexit’ and implications for income tax - PwC In brief

March 28, 2017

The UK Government is about to give formal notice of its intention to leave the EU. This notice will trigger the process of negotiating the UK’s exit, which is likely to last at least two years. There are various tax reliefs and exemptions that apply to transactions between UK entities and entities in other EU member states, under existing tax laws, that might cease to apply when the UK’s exit finally occurs. The tax legislation, if any, that will replace those reliefs and exemptions is unknown at this stage. This In brief addresses the potential implications for income tax accounting.

Who is an April fool then?

March 24, 2017

Dave Walters puts up a good fight for why deferred tax should be axed.

IFRS issues and solutions for the pharmaceutical and life sciences industry

March 20, 2017

PwC insight on how to apply IFRS in common Pharmaceutical transactions, including guidance on the IFRS 15, the new revenue standard.

IFRS News - March 2017

March 06, 2017

Cracking cryptocurrency – what is a bitcoin anyway; The Twilight Zone between a business and an asset – a GAAP difference; and our regular columns on IFRSs 16, 9 & 15.

Modification of financial liabilities – IFRS 9 changes accounting: PwC In brief

March 06, 2017

In February 2017, the IASB (‘Board’) discussed the accounting for modifications of financial liabilities under IFRS 9, ‘Financial instruments’. The Board confirmed the tentiatve view of the Interpretations Commitee that when a financial liability measured at amortised cost is modified without this resulting in derecognition, a gain or loss should be recognised in profit or loss. The gain or loss is calculated as the difference between the original contractual cash flows and the modified cash flows discounted at the original effective interest rate. This In brief looks that the details.

PwC Illustrative condensed interim financial statements 2017

February 27, 2017

This publication presents the sample interim financial reports of a fictional listed company, Value IFRS Plc. It illustrates the financial reporting requirements that would apply to such a company under International Financial Reporting Standards as issued at 31 October 2016. Supporting commentary is also provided. For the purposes of this publication, Value IFRS Plc is listed on a fictive Stock Exchange and is the parent entity in a consolidated entity.

IFRS 9 for banks - Illustrative disclosures - PwC publication

February 23, 2017

This publication presents illustrative disclosure introduction or modified by IFRS 9 'Financial instruments' for a fictional medium-sized bank. We have illustrated a realistic set of disclosures for a medium-sized bank. However, as this publication is a reference tool, we have not removed any disclosures based on materiality. Consequently, some of the disclosures in this publication would likely be immaterial if the bank were a 'real life' company.

IFRS News - February 2017

February 01, 2017

New Year’s resolutions for IFRS reporters; how to accept the new Insurance Standard and our regular columns on IFRS 16, 9 & 15.

IAS 29 - Hyper-inflationary economies at 31 December 2016 - PwC In brief

January 06, 2017

Paragraph 4 of IAS 29, ‘Financial reporting in hyper-inflationary economies’, requires the standard to be applied from the beginning of the period in which the existence of hyper-inflation is identified. This In brief explains the implications of that guidance and sets out the countries that are expected to be hyper-inflationary at 31 December 2016 (based on data from the IMF).

Illustrative IFRS financial statements 2016 - Private equity funds - PwC publication

January 06, 2017

PwC's publication, Illustrative IFRS financial statements 2016 - Private equity funds, provides an illustrative set of financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional private equity limited partnership (‘ABC Private Equity LP’ or the ‘Partnership’).

IFRS News - December 2016/January 2017

December 15, 2016

Pension and IFRS 9 disclosures are all the rage, a Christmas greeting to the Board and our regular columns on IFRS 16, 9 & 15.

Amendment to IAS 40, 'Investment property': PwC In brief

December 09, 2016

The IASB has issued an amendment to IAS 40, 'Investment property', clarifying when assets are transferred to, or from, investment properties.

Foreign currency transactions and advance consideration: PwC In brief

December 09, 2016

In November 2016, the IFRS Interpretations Committee (IC) issued an Interpretation on how to determine the date of the transaction when applying the standard on foreign currency transactions, IAS 21. The Interpretation applies where an entity either pays or receives consideration in advance for foreign currency-denominated contracts.

PwC IFRS pocket guide 2016

November 16, 2016

Our IFRS pocket guide provides a summary of the recognition and measurement requirements of IFRSs issued up to August 2016. This quick-reference guide is intended for a variety of audiences, including finance directors, financial controllers and other members of the finance team, as well as broader management, actuaries, lawyers, merchant bankers and analysts.

Illustrative IFRS financial statements - Investment property 2016

November 09, 2016

This publication provides an illustrative set of consolidated financial statements, prepared in accordance with IFRS, for a fictional investment property group (IP Group). The Group prepares its consolidated financial statements in accordance with IFRS as issued by the IASB (that is, it does not prepare the consolidated financial statements in accordance with IFRS as adopted by the European Union).

PwC IFRS News - November 2016

November 08, 2016

The November 2016 issue includes: IFRS 15 – Time is running out regulators focus on new standard disclosure, Beware of VIU - Common pitfalls of the impairment VIU model, Cannon Street Press, Disclosure initiative, Conceptual framework, Operating Segments, IFRIC Update, FICE, Leases Lab Predetermined use contracts, Demystifying IFRS 9 Significant increase in credit risk, IC rejections IAS 26.

Illustrative IFRS financial statements - Investment funds 2016

November 08, 2016

This publication is based on the requirements of IFRS standards and interpretations for the financial year beginning on 1 January 2016. There were no new standards or amendments effective for annual periods beginning on 1 January 2016 which had a material impact on the example fund. As a result, our 2016 edition is largely consistent with our 2015 publication. A new feature in this year's edition is the inclusion of hyperlinks which make it easier to navigate between sections and find related information.