IFRS Standards – Simplified Summaries

Get quick, practical insights into the full set of International Financial Reporting Standards (IFRS). Each summary is expertly crafted to help you understand the core principles, recognition criteria, measurement requirements, and disclosure rules — without the jargon.

Explore our growing library of IFRS summaries:

• IFRS 1 – First-time Adoption of IFRS

• IFRS 2 – Share-based Payment

• IFRS 3 – Business Combinations

• IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations

• IFRS 6 - Exploration for and Evaluation of Mineral Resources

• IFRS 7 – Financial Instruments: Disclosures

• IFRS 8 - Operating Segments

• IFRS 9 – Financial Instruments

• IFRS 10 – Consolidated Financial Statements

• IFRS 11 - Joint Arrangements
• IFRS 12 - Disclosure of Interest in Other Entities

• IFRS 13 – Fair Value Measurement

• IFRS 15 – Revenue from Contracts with Customers

• IFRS 16 – Leases

• IFRS 17 – Insurance Contracts

• IFRS 18 - Presentation and Disclosure

Explore our summaries of the following IAS standards:

• IAS 1 – Presentation of Financial Statements

• IAS 2 – Inventories

• IAS 7 – Statement of Cash Flows

• IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors

• IAS 10 – Events After the Reporting Period

• IAS 12 – Income Taxes

• IAS 16 – Property, Plant and Equipment

• IAS 19 – Employee Benefits

• IAS 20 – Accounting for Government Grants and Disclosure of Government Assistance

• IAS 21 – The Effects of Changes in Foreign Exchange Rates

• IAS 23 – Borrowing Costs

• IAS 24 – Related Party Disclosures

• IAS 26 – Accounting and Reporting by Retirement Benefit Plans

• IAS 27 – Separate Financial Statements

• IAS 28 – Investments in Associates and Joint Ventures

• IAS 29 – Financial Reporting in Hyperinflationary Economies

• IAS 32 – Financial Instruments: Presentation

• IAS 33 – Earnings per Share

• IAS 34 – Interim Financial Reporting

• IAS 36 – Impairment of Assets

• IAS 37 – Provisions, Contingent Liabilities and Contingent Assets

• IAS 38 – Intangible Assets

• IAS 40 – Investment Property

• IAS 41 – Agriculture