IFRS transition
This factsheet is designed to assist those adopting, or considering adopting, IFRS for the first time. It considers the implications of moving to IFRS and provides practical tips on how to manage the process.
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- 2023 Issued Standard – IFRS 1
The 2023 Issued Standards include all amendments issued up to and including 1 January 2023.
Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions).
Summary and timeline
Looking for the synopsis? Our IFRS 1 summary and timeline features information on current proposals and a timeline of IASB updates.
Recent amendments
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These resources are available exclusively to Corporate Reporting Faculty subscribers, ICAEW members and students.
Related IFRIC interpretations
IFRIC 12 Service Concession Arrangements
Accounting guidance for arrangements where a contract is granted for the supply of public services such as roads.
UK reduced disclosures – FRS 101
UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Our FRS 101 page gives more information on which entities qualify and the criteria to be met.
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These resources are available exclusively to Corporate Reporting Faculty subscribers, ICAEW members and students.
ICAEW factsheets and guides
The Corporate Reporting Faculty's annual IFRS factsheets provide a more detailed discussion of recent IFRS amendments.
The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
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