In fact, you can find many "IFRS download" files on the Internet through search engines like Google by typing keywords such as: "download IFRS" or "IFRS Financial statements". However, this method has limitations as you will be invited to browse a "maze" of IFRS standard download pages as well as IFRS-based financial statements, or you may download the wrong version, missing the new standards or amendments, leading to incorrect lookups and resulting in errors in preparing financial statements/designing accounting policies.
Therefore, the optimal approach is to identify standard source and use a search mechanism version controlExpertis will help you choose and find the most accurate IFRS standards.
1. What are IFRS?
IFRS (International Financial Reporting Standards) These are known as the International Financial Reporting Standards, comprising accounting standards issued by... International Accounting Standards Board (International Accounting Standards Board – IASB) aims to set common rules for financial reporting. unified, transparent , and comparable Worldwide. Creating a global accounting language helps financial reports become transparent, consistent, reliable, and accessible across countries and regions, making them universally recognized and easily analyzed and referenced.
IFRS defines how companies maintain and report their accounts, identifying the types of transactions and other events that have a financial impact. International Financial Reporting Standards (IFRS) were established to create a common accounting language, so that businesses and their financial reporting can be consistent and reliable from company to company, and from country to country.
2. Where can I find IFRS standards?
Currently, you can easily find IFRS materials at many online learning resource links. However, to find the most accurate information about International Financial Reporting Standards (IFRS), you should access the official website. IFRS Foundation to download.
In addition, to facilitate access to IFRS standards, The Ministry of Finance has translated it into Vietnamese. and published the translation on its website on June 22, 2021. Therefore, you can access the Ministry of Finance's website to find the Vietnamese and English versions, making it easier to understand IFRS.
3. List of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)
3.1. List of IFRS (IFRS 1 → IFRS 19)
| STT | Number | Standard name | Content overview |
|---|---|---|---|
| 1 | IFRS 1 | First-time Adoption of International Financial Reporting Standards | Requirements for preparing initial IFRS financial statements and comparative data. |
| 2 | IFRS 2 | Share-based Payment | Record and present payments on a stock-based basis. |
| 3 | IFRS 3 | Business Combinations | Accounting principles for business combinations. |
| 4 | IFRS 5 | Non-current Assets Held for Sale and Discontinued Operations | Long-term assets held for sale and operations ceased. |
| 5 | IFRS 6 | Exploration for and Evaluation of Mineral Assets | Accounting for the costs of mineral resource exploration and assessment. |
| 6 | IFRS 7 | Financial Instruments: Disclosures | Explanation of financial instruments and associated risks. |
| 7 | IFRS 8 | Operating Segments | Present the information by operational department. |
| 8 | IFRS 9 | Financial Instruments | Classification, measurement, and expected credit losses… |
| 9 | IFRS 10 | Consolidated Financial Statements | Principles for preparing consolidated financial statements when there is control. |
| 10 | IFRS 11 | Joint Arrangements | Accounting for joint ventures/partnerships. |
| 11 | IFRS 12 | Disclosure of Interests in Other Entities | Explanation of benefits at subsidiary/affiliated/joint venture companies… |
| 12 | IFRS 13 | Fair Value Measurement | Framework for measuring fair value and explanation. |
| 13 | IFRS 14 | Regulatory Deferral Accounts | Deferral under regulatory mechanism (for specific groups). |
| 14 | IFRS 15 | Revenue from Contracts with Customers | The 5-step revenue recognition model. |
| 15 | IFRS 16 | Leases | Record, measure, and present lease transactions. |
| 16 | IFRS 17 | Insurance Contracts | Insurance contract accountant. |
| 17 | IFRS 18 | Presentation and Disclosure in Financial Statements | Standards for the presentation and disclosure of financial statements. replace IAS 1 (Effective January 1, 2027). |
| 18 | IFRS 19 | Subsidiaries without Public Accountability: Disclosures | Streamlined disclosure mechanism for subsidiaries with no public liability (effective January 1, 2027). |
3.2. List of IAS (Most commonly in effect IAS)
| STT | Number | Standard name | Content overview |
|---|---|---|---|
| 1 | IAS 1 | Presentation of Financial Statements | Overall requirements for presenting financial statements (It will be replaced by IFRS 18 from January 1, 2027.). |
| 2 | IAS 2 | inventories | Inventory accounting. |
| 3 | IAS 7 | Statement of Cash Flows | Present the cash flow statement. |
| 4 | IAS 8 | Accounting Policies, Changes in Accounting Estimates and Errors | Accounting policies, changes in estimates, and errors. |
| 5 | IAS 10 | Events After the Reporting Period | Events occurring after the reporting period end date. |
| 6 | IAS 12 | Income Taxes | Income tax (current and deferred). |
| 7 | IAS 16 | Property, plant and equipment | Tangible fixed assets. |
| 8 | IAS 19 | Employee Benefits | Benefits for workers. |
| 9 | IAS 20 | Accounting for Government Grants and Disclosure of Government Assistance | Government subsidies and support. |
| 10 | IAS 21 | The Effects of Changes in Foreign Exchange Rates | The impact of exchange rate fluctuations. |
| 11 | IAS 23 | Borrowing Costs | Borrowing costs. |
| 12 | IAS 24 | Related Party Disclosures | Stakeholder explanation. |
| 13 | IAS 26 | Accounting and Reporting by Retirement Benefit Plans | Accounting & reporting for retirement plans. |
| 14 | IAS 27 | Separate Financial Statements | Separate financial statements. |
| 15 | IAS 28 | Investments in Associates and Joint Ventures | Investing in affiliated/joint venture companies (equity financing). |
| 16 | IAS 29 | Financial Reporting in Hyperinflationary Economies | Financial reporting under hyperinflation conditions. |
| 17 | IAS 32 | Financial Instruments: Presentation | Presenting financial instruments. |
| 18 | IAS 33 | earnings per share | Basic/dilutive earnings per share. |
| 19 | IAS 34 | Interim Financial Reporting | Interim financial report. |
| 20 | IAS 36 | Impression of Assets | Property damage. |
| 21 | IAS 37 | Provisions, Contingent Liabilities and Contingent Assets | Provisions, contingent liabilities/assets. |
| 22 | IAS 38 | Intangible Assets | Intangible assets. |
| 23 | IAS 40 | Investment Property | Investment properties. |
| 24 | IAS 41 | Agriculture | Agriculture. |
With the information above, EXPERTIS hopes to have helped readers understand how to find IFRS standards and access reliable sources of information. For any further information or assistance, please contact us.