What moved, and when it applies.
Standard-setter amendments that change a cell in the matrix, with the effective date. Newest first.
- 2026-02-01FRS 102Consolidation & scope
Alongside other targeted UK GAAP updates maintaining international alignment, the FRC issued minor clarifying amendments to the Section 9 consolidation-exemption conditions introduced by the Periodic Review 2024, without changing the underlying control model. Effective for the same periods as the main Periodic Review 2024 amendments, beginning on or after 1 January 2026.
Effective 2026-01-01 - 2025-09-18US GAAPIntangible assets & goodwill
Removes the three-stage project model from ASC 350-40; capitalisation of internal-use software costs starts when management has authorised and committed to funding the project and it is probable the software will be completed and used, with website development costs folded into 350-40. Effective for annual periods beginning after 15 December 2027, early adoption permitted.
Effective 2028-01-01 - 2025-07-30US GAAPFinancial instruments
Adds a practical expedient allowing entities to assume current conditions as of the balance sheet date persist through the forecast period when estimating CECL allowances on current receivables and contract assets arising under ASC 606, with a further accounting policy election for non-public entities. Effective for annual periods beginning after 15 December 2025.
Effective 2026-01-01 - 2024-12-18
Clarifies the own-use exemption for power purchase agreements referencing nature-dependent electricity, permits cash flow hedge accounting for such contracts under specified conditions, and adds disclosures. Effective for periods beginning on or after 1 January 2026.
Effective 2026-01-01 - 2024-11-12
The IASB proposed clarifying when a present obligation exists (with IFRIC 21 Levies to be withdrawn), specifying that the discount rate is a risk-free rate excluding the entity's own credit risk, and clarifying which costs enter the measurement of a provision. Exposure draft as of this file's cut-off; check ifrs.org for whether final amendments and an effective date have been issued.
- 2024-11-04
Requires public business entities to disclose, in a new tabular note, specified expense categories (such as purchases of inventory, employee compensation, and depreciation and amortisation) within relevant income statement captions. Effective for annual periods beginning after 15 December 2026.
Effective 2027-01-01 - 2024-09-30
The IASB published its project summary and feedback statement concluding that IFRS 15 is working as intended, with no fatal flaws and no standard-setting; a few application issues (principal versus agent, licences, variable consideration) were deferred to the next agenda consultation.
- 2024-09-19
Proposes application guidance answering long-standing IAS 28 questions (including step acquisitions and changes in an investor's ownership interest) and would, once finalised, let the IASB withdraw the 2014 IFRS 10/IAS 28 amendments on sales or contributions of assets to an associate or joint venture, whose effective date was deferred indefinitely in December 2015. Comments closed January 2025; the IASB was still redeliberating the proposals as of mid-2026 and had not issued a final amendment.
- 2024-05-30
Clarifies derecognition of a financial liability settled through an electronic payment system, how the SPPI test applies to ESG-linked and other contingent features and to contractually linked instruments, and adds disclosures for FVOCI equity investments and contingent features. Effective for periods beginning on or after 1 January 2026.
Effective 2026-01-01 - 2024-04-09
Replaces IAS 1 with mandatory income statement categories (operating, investing, financing, income taxes, discontinued operations), two required subtotals, and a new note disclosing and reconciling management-defined performance measures. Effective for annual periods beginning on or after 1 January 2027.
Effective 2027-01-01 - 2024-03-27
Updates the measurement concepts in Section 2 and adds fair value guidance, without changing the basic list of required statements or the Section 1A small-entity reliefs. Effective for periods beginning on or after 1 January 2026.
Effective 2026-01-01 - 2024-03-27FRS 102Revenue recognition
Replaces the IAS 18 / IAS 11 based Section 23 with a five-step model aligned with IFRS 15, with proportionality accommodations and a shorter disclosure list. Effective for periods beginning on or after 1 January 2026; transition may be fully retrospective or modified retrospective, and early application is only permitted together with the lease amendments.
Effective 2026-01-01 - 2024-03-27FRS 102Financial instruments
Introduces Section 2A Fair Value Measurement aligned with IFRS 13 concepts and makes targeted clarifications to Sections 11 and 12, while retaining the incurred-loss impairment model and the Section 11.2 policy choice to apply IAS 39 or IFRS 9 recognition and measurement. Effective for periods beginning on or after 1 January 2026.
Effective 2026-01-01 - 2024-03-27FRS 102Impairment of assets
The Periodic Review rewrote revenue (Section 23) and leases (Section 20) but made only consequential and editorial changes to Section 27 Impairment of Assets; the indicator-based test, recoverable amount definition, CGU mechanics and reversal rules are unchanged for periods beginning on or after 1 January 2026.
Effective 2026-01-01 - 2024-03-27FRS 102Business combinations
The Periodic Review left Section 19's purchase-method model, capitalised and amortised goodwill, and proportionate-share non-controlling interest substantively unchanged, while the parallel changes to Section 20 Leases move lessees onto an IFRS 16-style model. Effective for periods beginning on or after 1 January 2026.
Effective 2026-01-01 - 2024-03-27FRS 102Leases
Lessees move to an on-balance-sheet right-of-use model aligned with IFRS 16, with short-term and low-value exemptions and simplified discount-rate guidance; lessor accounting is largely unchanged. Effective for periods beginning on or after 1 January 2026, modified retrospective transition.
Effective 2026-01-01 - 2024-03-27FRS 102Provisions & contingencies
The Periodic Review rewrote Sections 20 (leases) and 23 (revenue) but left Section 21 Provisions and Contingencies substantively as it was; the only knock-on effect is that onerous operating leases now on the balance sheet are dealt with by impairment of the right-of-use asset rather than a Section 21 provision. Effective for periods beginning on or after 1 January 2026.
Effective 2026-01-01 - 2024-03-14
The IASB proposed targeted changes to the impairment test of cash-generating units containing goodwill, including relief from the value-in-use restrictions on uncommitted restructurings and enhancements, use of post-tax inputs and discount rates, and clarified guidance on the level at which goodwill is allocated, alongside new IFRS 3 disclosures on the performance of acquisitions. As of the IASB's July 2026 update the Board is still redeliberating; no final amendments or effective date have been issued.
- 2023-12-14US GAAPIncome taxes
Requires public business entities to disaggregate the rate reconciliation into specified categories at a quantitative threshold and all entities to disaggregate income taxes paid by federal, state and significant foreign jurisdictions. Effective for annual periods beginning after 15 December 2024 (public business entities) and after 15 December 2025 (all other entities).
Effective 2025-01-01 - 2023-08-23US GAAPConsolidation & scope
Requires a newly formed joint venture to apply a form of the acquisition method to recognise and initially measure its own assets and liabilities at fair value on formation, closing a gap left by the absence of specific guidance in Topic 805. Effective prospectively for joint venture formations with a formation date on or after 1 January 2025, with early application permitted.
Effective 2025-01-01 - 2023-05-23IFRSIncome taxes
Introduces a mandatory temporary exception from recognising and disclosing deferred tax assets and liabilities related to Pillar Two top-up taxes (IAS 12.4A), plus a targeted disclosure requirement (IAS 12.88A). The exception applies immediately; the disclosure requirement applies for periods beginning on or after 1 January 2023.
Effective 2023-01-01 - 2023-04-11Dutch GAAPLeases
The RJ evaluated the option to apply IFRS 16 in full instead of RJ 292 and confirmed it remains available unchanged; finalised without amendment at the RJ meeting of 17 May 2023. The effective date shown is that of the option itself (financial years from 1 January 2020), not of the evaluation.
Effective 2020-01-01 - 2023-03-27US GAAPBusiness combinations
Not a business-combinations amendment itself, but a reminder that common-control transactions, including those effected as a combination, follow ASC 805-50 rather than the acquisition method; the ASU gives private companies a practical expedient for leasehold terms in a common-control arrangement. Effective for fiscal years beginning after 15 December 2023.
Effective 2024-01-01 - 2022-10-31
Clarifies that a liability is classified as non-current only if the right to defer settlement exists at the reporting date, unaffected by covenant compliance tested after that date or a waiver obtained afterwards. Effective for annual periods beginning on or after 1 January 2024.
Effective 2024-01-01 - 2022-09-22IFRSLeases
Adds subsequent-measurement requirements for the lease liability arising from a sale and leaseback so that the seller-lessee does not recognise a gain or loss relating to the right of use it retains. Effective for periods beginning on or after 1 January 2024.
Effective 2024-01-01 - 2022-03-31US GAAPFinancial instruments
Removes the separate troubled debt restructuring recognition and measurement guidance for creditors that have adopted CECL, replacing it with enhanced disclosures about loan modifications to borrowers in financial difficulty, and requires gross write-offs by vintage in the credit quality disclosures. Effective for fiscal years beginning after 15 December 2022.
Effective 2023-01-01 - 2021-10-28US GAAPRevenue recognition
An acquirer recognises and measures contract assets and contract liabilities acquired in a business combination under ASC 606 as if it had originated the contracts, instead of at fair value, so deferred revenue is no longer haircut on acquisition. Effective for public business entities for fiscal years beginning after 15 December 2022, other entities a year later. IFRS 3 still measures acquired contract liabilities at fair value.
Effective 2023-01-01 - 2021-05-07IFRSIncome taxes
Narrows the initial-recognition exemption by adding IAS 12.22A, so that deferred tax must now be recognised on transactions such as leases and decommissioning obligations that give rise to equal and offsetting taxable and deductible temporary differences. Effective for periods beginning on or after 1 January 2023, modified retrospective.
Effective 2023-01-01 - 2021-03-30US GAAPImpairment of assets
Lets private companies and not-for-profit entities evaluate goodwill impairment triggering events only as of the reporting date rather than throughout the period, extending the Private Company Council's goodwill amortisation alternative. Effective for fiscal years beginning after 15 December 2019 with early adoption permitted.
Effective 2020-01-01 - 2021-03-30TFRS / BOBİ FRSEmployee benefits & pensions
The KGK republished BOBİ FRS as the 2021 version; Bölüm 20 Çalışanlara Sağlanan Faydalar keeps the kıdem tazminatı provision model, with the medium-versus-large simplified measurement distinction, rather than adopting the TMS 19 single actuarial model for every entity.
Effective 2021-01-01 - 2021-02-12
Introduces a definition of accounting estimates and clarifies how to distinguish changes in accounting estimates from changes in accounting policies, replacing the previous, less precise definition of a change in accounting estimate. Effective for annual periods beginning on or after 1 January 2023.
Effective 2023-01-01 - 2020-12-23Dutch GAAPRevenue recognition
Final IFRS 15-inspired amendments to RJ 270 and RJ 221 (and RJk B13 and B5.3): identification of performance obligations, allocation of the transaction price, variable consideration, financing components, principal versus agent, warranties, licences, customer options, returns, contract modifications and presentation of project revenue as netto-omzet. The RJ expressly did not adopt IFRS 15; the RJ 270.101a option to apply IFRS 15 in full is unchanged. Effective for financial years beginning on or after 1 January 2022, earlier application permitted, prospective application to new and modified contracts allowed.
Effective 2022-01-01 - 2020-05-14
Added IAS 37.68A: the cost of fulfilling a contract comprises the costs that relate directly to it, both incremental costs and an allocation of other directly related costs such as depreciation of equipment used, ending the incremental-cost-only reading. Effective for periods beginning on or after 1 January 2022, applied to contracts not yet fully performed at the start of that period without restating comparatives; the KGK adopted the same change in TMS 37.
Effective 2022-01-01 - 2020-05-14
Prohibits deducting from the cost of an item of PPE the proceeds from selling items produced while bringing the asset to its intended location and condition; the proceeds and the cost of those items are recognised in profit or loss (IAS 16.20A), with disclosure under IAS 16.74A. Effective for periods beginning on or after 1 January 2022.
Effective 2022-01-01 - 2018-10-31US GAAPConsolidation & scope
Extends the private-company alternative from common-control leasing arrangements to other qualifying common-control arrangements, and requires indirect interests held by related parties under common control to be considered on a proportional basis, rather than in full, when assessing whether a decision-maker's fee arrangement is a variable interest. Effective for fiscal years beginning after 15 December 2019 for public business entities.
Effective 2020-01-01 - 2018-10-22
Narrows and clarifies the definition of a business, adding an optional concentration test that lets an acquirer treat a set as an asset acquisition when substantially all of the fair value acquired sits in a single asset or group of similar assets. Effective for acquisitions on or after 1 January 2020.
Effective 2020-01-01 - 2018-08-28US GAAPEmployee benefits & pensionsASU 2018-14: Disclosure Framework — Changes to the Disclosure Requirements for Defined Benefit Plans
Removes some existing ASC 715-20 disclosures (e.g. amounts expected to be returned to the employer, certain related-party detail) and adds others (weighted-average interest crediting rates for cash balance plans, an explanation of significant gains and losses affecting the benefit obligation). Effective for fiscal years ending after 15 December 2020 for public business entities, after 15 December 2021 for other entities.
Effective 2020-12-15 - 2018-02-07
Clarifies that when a plan amendment, curtailment or settlement occurs during the period, an entity uses updated actuarial assumptions to determine current service cost and net interest for the remainder of the period, and updates the effect of the asset ceiling separately. Effective for periods beginning on or after 1 January 2019.
Effective 2019-01-01 - 2017-01-26US GAAPImpairment of assetsASU 2017-04 Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment
Eliminated Step 2 of the goodwill impairment test (the hypothetical purchase price allocation); the loss is now the excess of a reporting unit's carrying amount over its fair value, capped at the goodwill allocated to the unit. Effective for SEC filers other than smaller reporting companies for fiscal years beginning after 15 December 2019 and, after the ASU 2019-10 deferral, for all other entities after 15 December 2022.
Effective 2020-01-01 - 2017-01-05US GAAPBusiness combinations
Adds a screen test — if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar assets, the set is not a business — and clarifies the inputs-and-substantive-process requirement, converging the US GAAP definition of a business toward the direction IFRS 3 later took. Effective for fiscal years beginning after 15 December 2017 for public business entities.
Effective 2018-01-01 - 2016-03-11
Amends § 253 Abs. 2 HGB so that pension provisions are discounted using the average market interest rate of the last ten financial years rather than the seven-year average used for other provisions, and adds the § 253 Abs. 6 disclosure and distribution-restriction requirement for the resulting difference. Applies for fiscal years ending after 31 December 2015.
Effective 2016-01-01 - 2015-11-11Dutch GAAPIntangible assets & goodwill
Implemented Directive 2013/34/EU into BW 2 Titel 9; art. 2:386 lid 3 BW now requires goodwill and capitalised development costs to be amortised over their expected useful life and, where that life cannot be reliably estimated, over at most ten years with the reasons disclosed. The RJ's twenty-year rebuttable presumption in RJ 216 continues alongside. Mandatory for financial years beginning on or after 1 January 2016.
Effective 2016-01-01 - 2015-09-25US GAAPBusiness combinations
Requires an acquirer to recognise a measurement-period adjustment in the period it is identified, with the effect on earlier periods shown supplementally rather than by retrospectively restating comparatives, moving US GAAP away from the retrospective adjustment IFRS 3.49 still requires. Effective for fiscal years beginning after 15 December 2015 for public business entities.
Effective 2016-01-01 - 2015-07-17
Inserted § 253 Abs. 3 Satz 3-4 HGB (amortisation over ten years where the useful life of a self-created intangible or a purchased goodwill cannot be reliably estimated) and § 285 Nr. 13 HGB (explanation of the goodwill amortisation period). Applies to financial years beginning after 31 December 2015.
Effective 2016-01-01 - 2015-07-17
Umsatzerlöse now comprise all revenue from the sale and letting of products and from services net of revenue deductions, VAT and other directly linked taxes, whether or not the activity is typical for the entity, moving many former sonstige betriebliche Erträge into revenue. Effective for financial years beginning after 31 December 2015.
Effective 2016-01-01 - 2014-06-30
Brings bearer plants (such as grape vines and oil palms) into IAS 16 as property, plant and equipment measured under the cost or revaluation model, leaving the produce growing on them in IAS 41. Effective for periods beginning on or after 1 January 2016.
Effective 2016-01-01 - 2014-05-12
Adds IAS 16.62A, prohibiting a depreciation method based on revenue generated by an activity that includes the use of the asset, because revenue reflects factors other than the consumption of the asset's economic benefits. Effective for periods beginning on or after 1 January 2016.
Effective 2016-01-01 - 2009-05-25
The Bilanzrechtsmodernisierungsgesetz added a fourth, risks-and-rewards-based presumption of controlling influence for special purpose entities, so that a parent bearing the majority of a Zweckgesellschaft's risks and rewards must consolidate it even absent a voting or governance majority. Generally effective for financial years beginning after 31 December 2009.
Effective 2010-01-01 - 2009-04-01Dutch GAAPEmployee benefits & pensions
The Council for Annual Reporting replaced the prior IAS-19-influenced model for pensions with the obligation approach, under which the employer's recognised obligation follows the financing agreement with the pension provider rather than a modelled actuarial defined benefit obligation. Effective for financial years beginning on or after 1 January 2010.
Effective 2010-01-01