The IFRS® Foundation supports academia and professional accounting institutes with equipping students to apply principle-based standards issued by the International Accounting Standards Board (Board). More information about our resources for academics is available here.
Because the IFRS Foundation is a relatively small organisation with limited resources, we are unable to respond to enquiries from individual students. However, we have compiled the following responses to frequently asked questions we receive from students.
Frequently asked questions
To assess progress towards our goal of a single set of global accounting Standards, we are developing and posting profiles about the use of IFRS Standards in individual jurisdictions. Each completed profile explains for a particular jurisdiction, whether IFRS Standards:
- are required or permitted;
- apply to public companies only, or also to all or some private companies; and
- are applied in consolidated financial statements only, or also in individual company financial statements.
The completed profiles can be accessed here.
Analysis of the use of IFRS Standards around the world is available here.
We provide no-cost access to the unaccompanied Standards published annually in our Red Book. Select the Standard or Interpretation you wish to view here.
To access the Standards together with their accompanying documents, such as Illustrative Examples and Bases for Conclusions, requires a subscription to eIFRS; click here for details.
A short summary of each of our issued Standards is available on the website. Select the Standard you wish to view here.
A more comprehensive summary of the Standards can be found in IFRS—A Briefing for Chief Executives, Audit Committees and Boards of Directors the latest version of which can be purchased as a pdf for download or in hard copy from here.
For our more recently issued Standards we have also produced a Project Summary or Project Summary and Feedback Statement. These can be found under Education materials on the Supporting Implementation section of our website. Select the relevant Standard here, eg IFRS 16 Leases, then select Education Materials.
Educational material published during the lifecycle of a project includes project overviews, snapshots, webinars and other supporting material; these materials can be found in the relevant Project section of the website (new or archive) and include summaries of consultation documents such as Discussion Papers and Exposure Drafts. To select the relevant project, click here.
Good quality research can help the Board develop Standards for general purpose financial reporting. To help increase the pool of relevant and timely research prepared by independent researchers, the Board has developed a list of topics that it is likely to find of interest over the next few years. The list can be accessed here.
The IFRS Foundation is not able to provide support to individual students or researchers.
A 20 per cent discount is available on all eligible products to full-time University students.
Please email with written documentation from your University confirming your full-time student status and the duration of your course to: email@example.com
The Board encourages research on the topics covered by the Research Programme and the Post-implementation Reviews. However, because the IFRS® Foundation is a not-for-profit entity that is partially publicly-funded, we are unable to provide funding for external research projects.
The following external sources offer funding for research relevant to the Board:
An ongoing joint IAAER-KPMG project to encourage and fund research to inform the Board’s standard setting process has, so far, funded four rounds of five proposals each. Those who receive research funding will also receive multiple rounds of feedback from an advisory committee of established researchers and from the Board and staff.
The ICAS Research Centre provides funding for research. Applicants can apply to undertake a project following an ICAS call for research or can apply under the ICAS pro-active applications route. For rel="noopener noreferrer" further details please click here.