The Grant Thornton International IFRS team has published the 2015 version of Reporting under IFRS: Example Consolidated Financial Statements 2015 and guidance notes, which has been revised and updated to reflect changes in IFRS that are effective for the year ending December 31, 2015.
The publication does not reflect the early adoption of any other changes in IFRS that have been issued but are not yet effective. Additionally, no account has been taken of any new developments published after July 31, 2015.
Example consolidated financial statements — summary
The publication illustrates consolidated financial statements for the year ended December 31, 2015. The example consolidated financial statements are of a fictional consulting, service and retail company that has been preparing IFRS financial statements for several years. This publication is not appropriate for a first-time adopter of IFRS.
It is important to remember that the objective in preparing example consolidated financial statements is to illustrate one possible approach to reporting by an entity engaging in transactions that are considered typical across a range of non-specialist sectors. The attached financial statements are an illustrative example only and should not be considered comprehensive.
The publication Reporting under IFRS: Example Consolidated Financial Statements 2015 and guidance notes follows this Adviser alert.
Please note that this publication has not been modified from its original version (English version only).