BDO Illustrative Interim Financial Statements for the 6 months ended 30 June 2018

Now available from the BDO Global website is the updated 30 June 2018 version of BDO’s Interim Financial Statements – IAS 34 explained.

As with the previous version, the publication is split into two parts:

• The first part provides technical guidance for the preparation of interim financial statements.
• The second part includes an illustrative example of a condensed set of interim financial statements and accompanying notes.

The 2018 version incorporates:

• An adjustment to reflect the adoption of IFRS 15 Revenue from Contracts with Customers on a fully retrospective basis (i.e. restatement of comparatives), and associated disclosures required by IAS 34 Interim Financial Reporting
• An adjustment to reflect the adoption of IFRS 9 Financial Instruments on a catch-up basis (i.e. no restatement of comparatives with an adjustment made on the date of initial application)
• Example wording to indicate the type of information that entities might provide on the status of their IFRS 16 implementation projects, as requested in public statements issued by the European Securities and Markets Authority (ESMA) and the International Organisation of Securities Commissions (IOSCO).

Please click here to access the library of model financial IFRS on the BDO Global web site.