IFRS Module

The IFRS Module provides complete and up-to-date access to the International Financial Reporting Standards (IFRSs), the IFRIC's interpretations of IFRSs as well as the IASB's basis for conclusions, implementation guidance and illustrative examples for each section of the standards. The IFRS Module also includes access to thousands of examples of IFRS filed statements from Canada and the US as well as all UK financial statements filed since 2005 when Europe first adopted IFRSs.

Features

IFRSs

The International Financial Reporting Standards (IFRSs) is the collection of financial reporting standards developed by the International Accounting Standards Board (IASB) which is now permitted or required in over 100 countries around the world. All publicly traded companies in Canada will be required to transition to IFRS as of January 1, 2011 while the United States has put forth a proposal which could see it adopting IFRS for all public company filers as early as 2014. DisclosureNet maintains a direct relationship with the IASB and ensures that you have access to the latest IFRSs available.

IFRIC Interpretations

The IFRIC interpretations of IFRS are developed by the International Financial Reporting Interpretations Committee (IFRIC) for approval by the IASB. The mandate of IFRIC is to review, on a timely basis, the widespread accounting issues that have arisen within the context of current IFRSs. The work of the IFRIC is aimed at reaching consensus on the appropriate accounting treatment (IFRIC Interpretations) and providing authoritative guidance on those issues.

IASB's Basis for Conclusions, Implementation Guidance and Illustrative Examples

Also included in the IFRS Module is the IASB's basis for conclusions, which summarizes their considerations in reaching their conclusions, as well as their implementation guidance and illustrative examples for each standard. These sections are essential in assisting professionals with the proper inplementation of IFRSs.

Thousands of Sample IFRS Statements Filed in UK, Canada and USA

DisclosureNet contains thousands of examples of financial statements filed using IFRS. With UK financial statements dating back to 2005, and a growing number of statements filed in both the USA and Canada, DisclosureNet's powerful full-text and criteria-based search capabilities allow you to source the examples you require to assist with you with your transition to IFRS.