What moved, and when it applies.
Standard-setter amendments that change a cell in the matrix, with the effective date. Newest first.
- 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The IASB proposed clarifying when a present obligation exists (with IFRIC 21 Levies to be withdrawn), specifying that the discount rate is a risk-free rate excluding the entity's own credit risk, and clarifying which costs enter the measurement of a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.
- 2024-09-30
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 - 2024-03-14
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.
- 2023-05-23IFRSIncome 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 - 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 - 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 - 2021-02-12
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 - 2020-05-14
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 - 2018-10-22
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 - 2018-02-07
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 - 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