BDO has released illustrative interim IFRS financial statements for the quarter ended 31 March 2024. This publication is a great resource for anyone who must prepare or review interim financial statements as they reflect amendments to IFRS Accounting Standards and agenda decisions from the IFRS Interpretations Committee.
From the first quarter of the current fiscal year, the criteria for classification of borrowings with covenants as current and non-current liabilities have been clarified (classification based on the right and consent to defer payment (settlement) over a period of 12 months as of the end of the reporting period).
The publication may be accessed here.
From the first quarter of the current fiscal year, the criteria for classification of borrowings with covenants as current and non-current liabilities have been clarified (classification based on the right and consent to defer payment (settlement) over a period of 12 months as of the end of the reporting period).
The publication may be accessed here.