BDO Releases update to Illustrative Financial Statements as at 31 December 2019
13 February 2020
BDO has released an update to its illustrative IFRS financial statements (‘A Layout’) as at 31 December 2019. This update includes an example disclosure relating to the amendments to IAS 1 issued by the IASB in January 2020 (please see page 43 of the publication). Details on these amendments can be found in BDO’s IFR Bulletin 2020/01, which is available here.
This disclosure was added to satisfy the requirements of IAS 8.30, as many entities may issue their 31 December 2019 financial statements subsequent to the amendments to IAS 1 being issued. Entities should customise the illustrative disclosures to their particular circumstances.
The illustrative financial statements may be accessed here. All illustrative financial statements may be accessed here.