Accounting & Audit
Example Consolidated Financial Statements 2008
'Example Consolidated Financial Statements 2008' is a publication by the IFRS team at Grant Thornton International Ltd. The preparation of financial statements in accordance with IFRS is always challenging. Recently the challenges have increased further as a result of the publication by the IASB of several new Standards and Amendments that will have a significant impact both on the presentation of the primary statements and the accompanying disclosures.
'Example Consolidated Financial Statements 2008' illustrates the application of the presentation and disclosure requirements of International Financial Reporting Standards (IFRSs) by an entity that is not a first-time adopter of IFRSs. The publication has been reviewed and updated to reflect changes in IFRSs that are effective for the year ending 31 December 2008.
For further information please contact Vinh Ha Nguyen, Partner of Audit & Assurance at
. A pdf version can be downloaded here.
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Example Interim Consolidated Financial Statements 2009
Important changes to IFRS take effect in 2009, which impact on interim reports for 2009. For annual periods commencing on or after 1 January 2009, IAS 1 Presentation of Financial Statements (Revised 2007) applies and makes significant changes to the presentation of the primary financial statements. Furthermore, interim reports for annual periods beginning on or after 1 January 2009 are affected by IFRS 8 Operating Segments which changes significantly the requirements on segment reporting. The Publication illustrates interim consolidated financial statements for a Group that produces half-yearly interim reports in accordance with IAS 34 Interim Financial Reporting at 30 June 2009.
In order to enhance the Publication's usefulness as an education tool, Example Interim Consolidated Financial Statements 2009 includes explanatory notes to the application of IAS 34.
For further information please contact Vinh Ha Nguyen, Partner of Audit & Assurance at
. A pdf version can be downloaded here.
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