In the 4.0 era, you can open search engines like Google to type search keywords like: download IFRS or IFRS Financial statements. However, this method has the limitation that you will be invited to visit a "maze" of IFRS standard loading pages as well as IFRS Financial Statements. So, where to choose and find the IFRS standards to get the most accurate results?
What is IFRS? #
IFRS (International Financial Reporting Standards) known as International Financial Reporting Standards including accounting standards issued by International Accounting Standards Council (International Accounting Standards Board - IASB) with the goal of setting general rules for possible financial reporting unified, transparent , and comparable all around the world. Creating a global accounting language makes financial statements no longer distinguishable between countries and territories, becoming transparent, unified, reliable for analysis and reference.
IFRS defines how companies maintain and report their accounts, identifying other types of transactions and events that have a financial impact. The International Financial Reporting Standards (IFRS) were established to create a common accounting language, so that businesses and their financial statements can be consistent and reliable from company to company. another, country to country.
Where to find IFRS standards #
Currently, you can easily find documents about IFRS at many links to study materials online. However, to find the most accurate information on IFRS International Financial Reporting Standards, you should visit the main website of IFRS. organization IFRS Foundation to download.
In addition, for easy access to IFRS standards, The Ministry of Finance has translated it into Vietnamese and published the translation on June 22, 6 on its website. Therefore, you can access the website of the Ministry of Finance to download the Vietnamese and English versions, which will facilitate the understanding of IFRS.
List of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) #
| STT | Number | Standard name | Content overview |
| 1 | IFRS 1 | First-time Adoption of International Financial Reporting Standards First application of international financial reporting standards IFRS | Request a complete set of financial statements for the first and previous IFRS reporting period. |
| 2 | IFRS 2 | Share-based Payment Payment on a stock basis | Requires the recognition of stock payments in the financial statements. |
| 3 | IFRS 3 | Business Combinations Business combination | Establish principles and requirements for how the acquirer should conduct business combinations. |
| 4 | IFRS 5 | Non-current Assets Held for Sale and Discontinued Operations Long-term assets held for sale and deprecated components | Clarify the determination and disclosure requirements in the financial statements of long-term assets held for sale. |
| 5 | IFRS 6 | Exploration for and Evaluation of Mineral Assets Mineral survey and assessment | Regulations on some aspects of financial statements for expenses incurred for the survey, exploration and assessment of mineral resources. |
| 6 | IFRS 7 | Financial Instruments: Disclosures Financial Instruments: Presentation | Requiring disclosures in financial statements to assess the importance, nature, and degree of risk of financial instruments and how the enterprise manages them. |
| 7 | IFRS 8 | Operating Segments Sales Department | Request businesses with debt or equity securities to provide information on products and services, key customers, geographical areas, etc. |
| 8 | IFRS 9 | Financial InstrumentsFinancial Instruments | Refers to the classification of financial assets and liabilities, initial recognition, initial and subsequent assessment. |
| 9 | IFRS 10 | Consolidated Financial StatementsConsolidated Financial Statements | Establish the principles for presenting and preparing the consolidated financial statements when one entity controls one or more other entities. |
| 10 | IFRS 11 | Joint Arrangements Cooperative ventures | Establish financial reporting principles of entities with interests in joint ventures. |
| 11 | IFRS 12 | Disclosure of Interests in Other Entities Present the interests of the stakeholders | Request information to assess the nature, risks and benefits of related parties and the impact of these benefits. |
| 12 | IFRS 13 | Fair Value Measurement Measure fair value | Determine fair value, provide a framework for measuring fair value, and require disclosure of fair value measurements. |
| 13 | IFRS 14 | Regulatory Deferral Accounts Statutory deferrals | Provide special accounting for the effects of exchange rate regulation. |
| 14 | IFRS 15 | Revenue from Contracts with Customers Revenue from contracts with customers | Provide a comprehensive revenue recognition model for all customer contracts. |
| 15 | IFRS 16 | Leases Rent a property | Establish principles for the recognition, measurement, preparation and presentation of lease transactions |
| 16 | IFRS 17 | Insurance Contracts An insurance contract | Regulations on how to account for insurance contracts. |
| 17 | IAS 1 | Presentation of Financial Statements Presenting Financial Statements | Provides overall requirements for the presentation of financial statements, guidelines for their structure, and minimum requirements for their content. |
| 18 | IAS 2 | inventories Inventory | Provide accounting for most types of inventory. |
| 19 | IAS 7 | Statement of Cash Flows Statements of cash flows | Rules for the presentation of the statement of cash flows. |
| 20 | IAS 8 | Accounting Policies, Changes in Accounting Estimates and Errors Accounting policies, changes in accounting estimates and errors | Specifies the criteria for selecting and changing accounting policies, along with accounting treatment and disclosure of changes in accounting policies, changes in accounting estimates, and correction of errors. |
| 21 | IAS 10 | Events After the Reporting Period Events occurring after the balance sheet date | Provide criteria for recognizing events occurring after the balance sheet date. |
| 22 | IAS 12 | Income Taxes Corporate income tax | Regulations on the accounting treatment of income tax. Income tax includes all domestic and foreign taxes based on taxable profits. |
| 23 | IAS 16 | Property, plant and equipment Tangible fixed assets | Establish principles for recognizing property, plant, and equipment as assets, measuring their carrying value, and measuring the depreciation and impairment charges recognized in connection with them. |
| 24 | IAS 19 | Employee BenefitsEmployee Benefits | Regulates the accounting of all employee benefits except stock pay, applying IFRS 2. |
| 25 | IAS 20 | Accounting for Government Grants and Disclosure of Government Assistance Accounting for Government grants and presentation of Government grants | Regulations on how grants from the Government are presented. |
| 26 | IAS 21 | The Effects of Changes in Foreign Exchange Rates Effects of changing exchange rates | Specifies how to present foreign currency trading accounts, convert the financial statements of an overseas operation into the domestic currency, and translate the financial statements into the presentation currency. |
| 27 | IAS 23 | Borrowing Costs Borrowing costs | Provide guidance on how to measure borrowing costs, especially when acquisition, construction, or production costs are financed by joint loans. |
| 28 | IAS 24 | Related Party Disclosures Information about related parties | Requires presentation of transactions and outstanding balances to related parties. |
| 29 | IAS 26 | Accounting and Reporting by Retirement Benefit Plans Accounting and reporting on retirement plans | Specify the minimum content of the financial statements of retirement plans. |
| 30 | IAS 27 | Consolidated and Separate Financial Statements Separate financial statements and consolidated financial statements | Specify the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates. |
| 31 | IAS 28 | Investments in Associates Invest in affiliates | Require the investor to account for his or her investment in the associate using the equity method. |
| 32 | IAS 29 | Financial Reporting in Hyperinflationary Economies Financial statements in the context of hyperinflation | Applies to any unit whose functional currency is the currency of a hyperinflationary economy. |
| 33 | IAS 32 | Financial Instruments: Presentation Financial Instruments: Presentation and Disclosure | Regulations on the presentation of financial instruments. |
| 34 | IAS 33 | earnings per share Earnings per share | Refers to the calculation and presentation of earnings per share (EPS). |
| 35 | IAS 34 | Interim Financial Reporting Mid-year financial statements | Specify the minimum content of an interim financial report. |
| 36 | IAS 36 | Impression of Assets Property damage | Ensure that the assets of the business are not recognized at a value higher than the recoverable amount. |
| 37 | IAS 37 | Provisions, Contingent Liabilities and Contingent Assets Provisions, contingent assets and liabilities | Identify and indicate the accounting and disclosure of provisions, contingent liabilities, and contingent assets. |
| 38 | IAS 38 | Intangible Assets Invisible treasure | Describe the accounting methods for intangible assets. |
| 39 | IAS 40 | Investment Property Investment real estate | Regulations on accounting for investment properties. |
| 40 | IAS 41 | Agriculture Agriculture | Regulates the accounting treatment, presentation of financial statements and disclosures relating to agricultural activities. |
With the above information, EXPERTIS hopes to help readers understand how to find IFRS standards and access reliable sources. Any other information that needs support, please contact us for answers.
