In 2019 once more new or amended IFRS standards and interpretations became or are going to become effective. Find out more about the IFRS updates!
Effective dates of the new IFRS standards: IFRS according to IASB and EU
The coloured presentation can be used for entities with calendar-based business year. In case of a business year that derivates from the calendar year or a short business year it has to be taken into account that the IFRS standards could become effective earlier.
IFRS: Latest effective dates according to IASB and EU
To support you TPA provided a yearly overview of the new IFRS standards and the latest effective dates according to IASB and EU.
IFRS 16: Lease Accounting
More than one year ago the IASB finished its long-standing project on lease accounting and published IFRS 16, Leases. IFRS 16 is likely to have a significant impact on the financial statements of a number of lessees and also on the long-term lease negotiations.
Long Term Preparation
In 2016 IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers) have been endorsed by the European Union. The effective date according to IASB and EU was now 01 January 2019.