ECL model under IFRS 9 explained: Simple walkthrough with examples
Last update: 2026 What you will find in this guide: 1. Free VIDEO lecture: IFRS 9 ECL model explained: Simple walkthrough with examples 2. What is the IFRS 9 ECL model and when does it apply 3. What does “expected credit loss” actually mean 4….
A Practical Map of IFRS Standards: 7 Key Categories
There are over 40 IFRS standards, and without a structure, they can feel chaotic. But here’s the truth: every standard fits into one of a few big themes. I call these themes IFRS Clouds, because each cloud groups related ideas. There are 7 main categories…
Complete IFRS Consolidation Lecture: IFRS 3 | IFRS 10 | Examples
This is a complete almost 80-minute IFRS consolidation lecture that puts you on the solid starting point: The content of this lecture (with links to text versions) Introduction to group accounts / consolidation IFRS 3 Business Combinations – summary of rules IFRS 10 Consolidated Financial…
How to calculate deferred tax with step-by-step example (IAS 12)
Deferred tax is not a new concept – however, it is the concept quite misunderstood by many. Well, first of all – deferred tax is NOT a tax to be paid. Instead, it is an accrual for tax, working similarly as any other accrual or…
Intro To Consolidation And Group Accounts – Which Method For Your Investment?
Last update: December 2024 Group accounting – what to do and how to start? The accounting method depends on the type of investment that an investor has. In this article, you will learn: What shall we do to start? IFRS Accounting Standards dealing with group…
IFRS 18 Management-Defined Performance Measures (with video and example)
What are management-defined performance measures, the new requirement in IFRS 18? The guidance in IFRS 18 related to MPMs is quite extensive, however, in my humble opinion, most “outside-financial statements” measures will not meet the definition of MPM in IFRS 18. As a result, no…
IAS 12 Income Taxes
Benjamin Franklin once wrote: “In this world nothing can be said to be certain, except death and taxes“. Income tax is something that can hardly be avoided by a profit-making company. You might find filling-in the tax return a demanding task because everything must be…
Top 4 Changes in Profit or Loss Statement under IFRS 18 (with video)
The new standard IFRS 18 brought a few significant changes in the financial reporting, especially in profit or loss statement. Let’s examine the top four of them and illustrate them on simple examples. #1 New categories of income and expenses under IFRS 18 Under…
How to Prepare Statement of Changes in Equity under IFRS 18 (with excel and video)
As the new IFRS 18 has been adopted, it might bring a bit of turmoil to some accountants who might need to change the structure of their accounts to adjust to the new requirements. The good news is that the rules for the statement of…
IFRS 18 Explained: Full Guide + Free Video Lectures + Checklist
Updated in June 2025 IFRS 18 was issued in 2024 and is mandatorily applicable for the period starting on or after 1 January 2027, with earlier application permitted. However, please watch out because we need to apply IFRS 18 retrospectively, with the restatement of the…
