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IFRS Guides

AI-powered explanations for every major IFRS and IAS standard — sourced directly from the official texts. Available in 6 languages.

Leases

IFRS 16 Discount Rate — IBR
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IFRS 16 Lease Liability Calculation
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IFRS 16 Lease Modification Accounting
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IFRS 16 Lease Accounting — Right-of-Use Asset
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IFRS 16 Right-of-Use Asset Calculation
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IFRS 16 Sale and Leaseback
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IFRS 16 Sublease Accounting
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IFRS 16 Variable Lease Payments
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IFRS 16 vs ASC 842 — Lease Accounting
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Revenue

IFRS 15 Contract Costs
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IFRS 15 Five-Step Model Explained
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IFRS 15 Over Time vs Point in Time
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IFRS 15 Performance Obligations
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IFRS 15 Performance Obligations Worked Example
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IFRS 15 Principal vs Agent Assessment
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IFRS 15 Revenue Recognition — 5-Step Model
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IFRS 15 Transaction Price Worked Example
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IFRS 15 Variable Consideration Constraint
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IFRS 15 vs ASC 606 Revenue Recognition
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IFRS for SMEs Section 23 — Revenue Recognition
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Financial Instruments

IAS 32 Financial Liability vs Equity Classification
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IAS 40 Fair Value vs Cost Model
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IFRS 2 Fair Value Measurement of Share Options — Black-Scholes, Binomial, Monte Carlo
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IFRS 7 Credit Risk — ECL Staging, Maximum Exposure
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IFRS 7 Risk Disclosures — Credit, Liquidity, Market
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IFRS 7 Financial Instruments Disclosures
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IFRS 7 Liquidity Risk Maturity Analysis
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IFRS 9 Classification — Amortised Cost, FVOCI, FVTPL
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IFRS 9 Expected Credit Loss Model
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IFRS 9 Financial Instruments — Complete Guide
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IFRS 9 Hedge Accounting
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IFRS 9 SPPI Test
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IFRS 9 Three-Stage Impairment Model
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IFRS 13 Fair Value Measurement — Level 1 2 3
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IFRS 13 Highest and Best Use
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IFRS 13 Level 1 2 3 Fair Value Inputs
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Business Combinations

IAS 27 Separate Financial Statements
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IAS 28 Equity Method Procedures
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IAS 28 Investments in Associates and Joint Ventures
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IAS 28 Losses Exceeding the Investment
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IAS 28 Significant Influence — 20% Rule
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IFRS 1 First-Time IFRS Adoption
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IFRS 3 Acquisition Method
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IFRS 3 Bargain Purchase Accounting
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IFRS 3 Business Combinations — Acquisition Method
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IFRS 3 Goodwill — Full vs Partial Method
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IFRS 10 Agent vs Principal
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IFRS 10 Consolidated Financial Statements
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IFRS 10 Consolidation Procedures
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IFRS 10 Control — Three Elements
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IFRS 10 De Facto Control
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IFRS 10 Intragroup Eliminations
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IFRS 10 Investment Entity Exception
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IFRS 10 Loss of Control
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IFRS 10 Non-Controlling Interests
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IFRS 10 Potential Voting Rights
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IFRS 10 Structured Entities and SPEs
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IFRS 11 Joint Operations vs Joint Ventures
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IFRS 12 Disclosure of Interests in Entities
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IFRS 17 Contractual Service Margin
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IFRS 17 General Measurement Model
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IFRS 17 Insurance Contracts Measurement
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IFRS 18 Classification of Income and Expenses
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IFRS 18 Management Performance Measures
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IFRS 18 Operating Profit Subtotal
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IFRS 18 Presentation & Disclosures
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IFRS 18 New Subtotals and Categories
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IFRS 18 vs IAS 1 Presentation Changes
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Impairment & Assets

IAS 16 Componentisation of PPE
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IAS 16 PPE — Cost Model vs Revaluation
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IAS 16 Revaluation Model Accounting
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IAS 16 Useful Life and Residual Value
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IAS 36 Cash-Generating Unit Definition
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IAS 36 Goodwill Impairment Testing
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IAS 36 Impairment of Assets — Complete Guide
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IAS 36 Impairment Reversal Rules
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IAS 36 Impairment Test — CGU, FVLCD and VIU
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IAS 36 Impairment Test — Step by Step
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IAS 36 Value in Use Calculation
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IAS 38.13 Control of Intangible Assets
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IAS 38.12 Identifiability Criterion
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IAS 38 Intangible Assets — Scope, Recognition and Measurement
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IAS 38 Recognition Criteria Explained — Identifiability, Control and Development Costs
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IAS 38 Internally Generated Intangibles
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IAS 38.21 Recognition Criteria
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IAS 38 Research and Development Costs
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IAS 40.5 Definition of Investment Property
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IAS 40 Investment Property — Fair Value vs Cost
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IFRS 5 Non-Current Assets Held for Sale
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Employee Benefits

IAS 19 Defined Benefit Pension Plan Accounting
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IAS 19 Employee Benefits — Recognition, Measurement & Disclosures
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IAS 19 Projected Unit Credit Method
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IAS 19 Remeasurements in OCI
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IAS 19 Service Cost and Net Interest
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IFRS 2 Cash-Settled Share-Based Payments — SARs and Phantom Shares
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IFRS 2 Equity-Settled Share-Based Payments — RSUs, Options and Journal Entries
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IFRS 2 Modification and Cancellation of Share-Based Payments — Repricing Guide
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IFRS 2 Share-Based Payment — Complete Guide
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IFRS 2 Vesting Conditions — Service, Performance and Market Conditions
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IFRS for SMEs Section 28 — Employee Benefits
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Tax

IAS 12 Deferred Tax — Recognition & Measurement
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IAS 12 Deferred Tax Asset Recognition
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IAS 12 Income Taxes — Current & Deferred Tax Guide
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IAS 12 Pillar Two Top-Up Tax
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IAS 12 Effect of Tax Rate Change
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IAS 12 Temporary Differences Explained
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Inventories

IAS 2 FIFO vs Weighted Average (LIFO Banned)
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IAS 2 Cost of Inventories
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IAS 2 Inventory Disclosure Requirements
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IAS 2 Inventories — Complete Guide
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IAS 2 Inventory Measurement
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IAS 2 Net Realisable Value Write-Down
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IAS 2 Overhead Absorption and Normal Capacity
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Foreign Currency

IAS 21 Disposal of a Foreign Operation
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IAS 21 Foreign Exchange Rates — Complete Guide
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IAS 21 Foreign Currency Transactions
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IAS 21 Functional Currency Determination
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IAS 21 Monetary vs Non-Monetary Items
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IAS 21 Net Investment in a Foreign Operation
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IAS 21 Translation of Foreign Operations
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Provisions & Contingencies

IAS 37 Constructive Obligation
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IAS 37 Contingent Liability Disclosure
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IAS 37 Onerous Contracts
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IAS 37 When to Recognise a Provision
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IAS 37 Restructuring Provisions
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Insurance Contracts

IFRS 4 Insurance Contracts
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Accounting Policies & Estimates

IAS 8 Accounting Policies, Estimates and Errors
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IAS 8 Changes in Accounting Policies
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IAS 8 Change in Accounting Estimate
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IAS 8 Prior Period Error Correction
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Presentation & Disclosures

IAS 1 Financial Statement Presentation
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Disclosure & Reporting

IAS 10 Adjusting vs Non-Adjusting Events
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IAS 10 Events After the Reporting Period
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IAS 24 Related Party Disclosures
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IAS 33 Diluted EPS Calculation
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IAS 33 Basic and Diluted EPS Calculation
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IAS 33 Treasury Shares and Weighted Average
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IAS 34 Interim Financial Reporting Requirements
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IFRS 8 Operating Segments — CODM Approach
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IFRS for SMEs

IFRS for SMEs Standard — Complete Guide
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IFRS for SMEs Section 17 — Property, Plant and Equipment
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IFRS for SMEs vs Full IFRS — Key Differences
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Exam Preparation

ACCA IFRS Practice Questions & Exam Prep
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DipIFR Exam Prep
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IFRS vs US GAAP

IFRS vs US GAAP — Key Differences
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⚡ Standard-Setting Updates

IASB January 2025 Board Update
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IASB February 2025 Board Update
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IASB March 2025 Update
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IASB April 2025 Update
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IASB May 2025 Update
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IASB June 2025 Board Update
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IASB July 2025 Board Update
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IASB September 2025 Update
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IASB October 2025 Update
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IASB November 2025 Update
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IASB December 2025 Board Update
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IASB January 2026 Update
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IASB February 2026 Update
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IASB March 2026 Update
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IASB April 2026 Update
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IASB May 2026 Update
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IASB June 2026 Update
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IASB 2025 Board Updates Year in Review
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IASB 2026 Board Updates Year in Review
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General

What is IFRS? A Complete Guide
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Other Standards

IAS 7 Cash Flow Classification & Presentation
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IAS 7 Direct Method Cash Flow Statement
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IAS 7 Investing and Financing Activities
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IAS 20 Government Grants Recognition
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IAS 23 Borrowing Costs Capitalisation
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IAS 23 Qualifying Asset Definition
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IFRS 6 Exploration for Mineral Resources
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Case Studies

Why Repos Fail Derecognition Under IFRS 9: GMRA, Risks & Rewards, and Market Practice

Aikaterina Zografaki — independent author, ACA candidate, CPA candidate, and Assurance Audit Associate.
IFRS 9 · EIR · Techno Repos

Case Study