Technical IFRS Advisory
Work through complex IFRS requirements and understand how they apply to specific transactions, events and accounting issues.
IFRS ADVISORY
Practical IFRS advisory for complex accounting and reporting decisions.
Get focused support with IFRS accounting issues, technical judgements, implementation challenges and financial reporting requirements.
Discuss your IFRS issueHOW IFRSOLOGY CAN HELP
IFRS expertise applied to real business situations.
IFRS requirements do not exist in isolation. Their application can affect accounting policies, financial statements, data requirements, processes, controls and reported performance.
IFRSology provides practical support to help you understand the requirements, assess their implications and determine an appropriate way forward.
Accounting Treatment & Judgement
Analyse transactions, identify the relevant IFRS requirements and work through areas requiring interpretation, estimates or professional judgement.
IFRS Conversion & Implementation
Support the transition from existing accounting practices or local GAAP to IFRS, including identification of key differences, implementation considerations and reporting impacts.
Accounting Policies & Financial Reporting
Develop or review IFRS accounting policies and consider presentation, disclosure and financial reporting requirements.
Transactions & Complex Accounting
Work through the accounting implications of acquisitions, disposals, financial instruments, leases, impairment, revenue arrangements and other complex transactions.
IFRS Change & New Requirements
Assess the impact of new or amended IFRS requirements and translate technical accounting changes into practical actions for financial reporting.
BEYOND TECHNICAL ACCOUNTING
IFRS can affect more than the accounting conclusion.
Changes in accounting requirements can create implications across the wider financial reporting process.
01
Accounting
Recognition, measurement and accounting treatment.
02
Data
New information, estimates and disclosure requirements.
03
Processes
Changes to how financial information is captured and reported.
04
Systems
Additional data fields, calculations or reporting capabilities.
05
Controls
Changes to review, documentation and financial reporting controls.
06
Reporting
Presentation, disclosures, KPIs and communication of financial performance.
WHEN TO INVOLVE US
You may need IFRS advisory support when you are:
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Assessing the accounting treatment of a new or complex transaction
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Transitioning from local GAAP or existing accounting practices to IFRS
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Implementing a new or amended IFRS requirement
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Developing or reviewing IFRS accounting policies
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Preparing IFRS financial statements or disclosures
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Identifying differences between current accounting practices and IFRS
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Assessing the impact of accounting changes on reported performance
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Determining additional data or information required for IFRS reporting
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Working through areas involving significant accounting judgement
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Strengthening the consistency and quality of financial reporting
HOW IT WORKS
From accounting issue to practical application.
Share the issue
Explain the transaction, reporting challenge or IFRS question and provide the relevant facts and context.
Analyse the requirements
Identify the applicable IFRS standards, principles, interpretations and areas requiring judgement.
Assess the implications
Consider the accounting treatment together with relevant reporting, disclosure, data, process and implementation implications.
Work through the application
Translate the technical requirements into a practical approach appropriate to the circumstances.
IFRS ADVISORY
Have an IFRS issue you need to work through?
Whether you are dealing with a specific accounting question, a complex transaction or a wider IFRS implementation challenge, tell us about the issue and we can discuss the support you need.
Discuss your IFRS issue