Manual of accounting - IFRS

The comprehensive guide to International Financial Reporting Standards

Our purpose, across the PwC global network of firms, is to build trust in society and solve important problems. The Manual of Accounting - IFRS is our collected insights on the application of International Financial Reporting Standards (IFRS), the financial reporting language of the global capital markets.

PwC's Manual of accounting IFRS is a thorough guide to IFRSs issued by the International Accounting Standards Board (IASB), which translates often complex standards into practical guidance. Each chapter opens with an explanation of the requirements of the standards in clear language. Illustrative examples at the end of each chapter demonstrate the practical application of the principles of the standards. Links to relevant examples are included in the explanatory text.

The chapters include references to standards and interpretations effective in the future. The relevant text has been differentiated in a box with the updates clearly marked in strike out.

The 2022 edition contains updates since December 2020. Key updates to the requirements of the standards in this edition include guidance on:

• Narrow scope amendments to IAS 1, IAS 8 and IFRS Practice statement 2 (effective 1 January 2023)
• Amendments to IAS 12, deferred tax related to assets and liabilities arising from a single transaction (effective 1 January 2023)
• Amendments to IFRS 17 Insurance contracts: Initial Application of IFRS 17 and IFRS 9 – Comparative information (effective 1 January 2023)

Throughout this edition you will also find many new illustrative examples and FAQs.