Technical guide

IFRS Example Consolidated Financial Statements 2024

David Pacey
By:
David Pacey
02 Oct 20241 min read
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When preparing financial statements in accordance with IFRS, there can be several challenges along the way, particularly when new standards and amendments are published each year by the International Accounting Standards Board IASB.

These changes have the potential to significantly impact the presentation of a complete set of financial statements, which is why we have prepared these Example Financial Statements to reflect changes in IFRS that are effective for the year ending 31 December 2024. No account has been taken of any new developments after 31 August 2024.

IFRS Example Consolidated Financial Statements 2024
Technical guide

IFRS Example Consolidated Financial Statements 2024

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These Example Financial Statements illustrate financial reporting by an entity engaging in transactions that are typical across a range of non-specialist sectors. However, as with any publication of this type, these example financial statements cannot envisage every possible transaction and therefore cannot be regarded as comprehensive. 

Management as defined by the IASB, is ultimately responsible for the fair presentation of financial statements and therefore they may find other approaches more appropriate for its specific circumstances.

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  • David Pacey
    David Pacey I add value to businesses by taking the complexity out of technical accounting conversations, and delivering meaningful advice that’s actionable and easy to understand. View Profile

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