The Accountant's IFRS Quick Reference

You know which standard applies. You just need to remember what it says.

Every entry in this book follows the same eight headings: scope, key definitions, recognition, measurement, presentation and disclosure, where judgement lives, common errors, and a quick decision test. Learn the structure once and you can navigate any standard in the book in seconds.

Written for people who already know accounting and need a fast, reliable reminder - not a textbook.

Including the new IFRS 18

IFRS 18 replaces IAS 1 for periods beginning on or after 1 January 2027. Because it requires full retrospective application, the 2026 comparative period is already running. This book includes a complete entry on the new income statement categories, the mandatory operating profit subtotal, management-defined performance measures, and what to do before the effective date arrives.

24 standards covered

Presentation: IAS 1, IFRS 18, IAS 7, IAS 8, IAS 10, IFRS 8
Revenue and leases: IFRS 15, IFRS 16
Assets: IAS 2, IAS 16, IAS 38, IAS 36, IAS 40, IFRS 5
Liabilities: IAS 37, IAS 19, IFRS 2
Financial instruments: IFRS 9, IFRS 7
Tax and currency: IAS 12, IAS 21
Groups: IFRS 3, IFRS 10, IFRS 11, IAS 28
Other: IAS 24, the Conceptual Framework, the IFRS for SMEs Standard

Plus quick-reference tables

• Where each gain and loss goes - profit or loss, OCI recycled, or OCI never recycled
• Which measurement basis applies, and why the wording differs between standards
• Retrospective or prospective - what gets restated and what does not
• What each recognition threshold means: virtually certain, highly probable, reasonably certain, probable, possible, remote

Who it is for

Accountants in practice and industry, financial controllers, finance managers preparing or reviewing statutory accounts, and candidates studying for ACCA, CIMA, CA, CPA or ICAEW qualifications.

An independent publication. Not affiliated with, authorised by or endorsed by the IFRS Foundation. IFRS and IAS are trade marks of the IFRS Foundation. This book summarises standards in the author's own words and does not reproduce their text. It is not accounting, audit, tax or legal advice - always read the standard itself before relying on a treatment.