Complete IFRS Standards List for 2025!

By IIC Lakshya

21 Nov 2025

ACCA, Others

Have you heard about the implementation of various IFRS standards 9 or IFRS 13, but are not sure why they are different? Want to learn about the IFRS Course & syllabus details? Here is an article which will guide you into the field of financial transactions and accounting.

It will share with you why companies must be compliant with this set of rules and regulations. You will also love how preparing and presenting financial statements to the public ensures investors’ confidence, stakeholders’ trust and transparency.

What are IFRS Standards?

The International Accounting Standards Board (IASB) established the set of principles in 2001. The full form of IFRS is International Financial Reporting Standards (IFRS) and it is a set of accounting standards to guide companies towards transparency of financial reporting. Are you wondering how to become IFRS after 12th? Read the detailed guide of all regulations.

IFRS Standards List: All Regulations

Below is a tabular form of all IFRS standards issued by the IASB, which replaced the IAS regulation standards. They were established in 2001, replacing the IAS standards that were in practice between 1973 to 2001. The complete set of financial reporting standards guides organisations towards creating a balance sheet. Once you learn about these standards, you also get to learn about various career options and salary of a Diploma in IFRS professional. The standards are below:

IFRS standards	Title	What it means	Impact on Companies
1	First-time adoption of International Financial Reporting Standards	First step, Companies transition to IFRS	Guides the transition steps, influences training staff and effectively helps change systems
2	Share-based payment	Equity incentives, evaluate stock options	Influences the compensation strategy of the employees Integrates HR reward structures
3	Business combinations	Acquisitions and mergers	It helps companies earn goodwill, shapes the price valuation of acquired assets and creates an acquisition strategy
4	Insurance contracts (superseded by IFRS 17)	Temporary insurance guidance (later, IFRS 17 came)	It influences older insurance contracts; however, it is of limited use because of the complete transition to IFRS 17
5	Non-current Assets Held for Sale and Discontinued Operations	Categorisation of assets that are to be sold Classification of discontinued businesses	This regulation helps companies in restructuring decisions, performance reporting for diversity, and exists and asset valuation
6	Exploration for and Evaluation of Mineral Resources	Oil/ mining exploration activities	It impacts the profit volatility and capitalisation of exploration costs, specifically in mining companies
7	Financial Instruments: Disclosures	Risk disclosure for financial instruments	Companies establish more transparency in market risks, liquidity and credit
8	Operating Segments	Segment reports	Influences the decisions of investors about understanding the internal performance measurement
9	Financial Instruments	Classification, impairment (ECL), hedging, measurement	Banks are influenced Gives a future picture of credit losses impacting the profit and risk provisioning directly
10	Consolidated Financial Statements	Group consolidation and control assessment	It influences corporate structure decisions and integrates transparency
11	Joint Arrangements	Joint operations and joint ventures	Change liability or asset visibility Changes in the partnership activities which is accounted for
12	Disclosure of Interests in Other Entities	Joint ventures, subsidiaries, SPEs, associates	Enhanced transparency leads companies in risk-sensitive industries to deal with complexities
13	Fair Value Measurement	Consistently, monitoring and measuring of fair value	Helps in asset valuation based on market conditions
14	Regulatory Deferral Accounts	Rate-regulated activities are done based on a temporary standard	This standard is limited to use by the company It impacts the utilities that are transitioned to IFRS
15	Revenue from Contracts with Customers	Offers a five-step process of the revenue recognition model	Industries like construction, software and telecom are impacted It changes revenue timing, sales modelling and contract structuring
16	Leases	Recognition of leases present on the balance sheet	Influences the debt ratios Helps make decisions related to lease vs. buy
17	Insurance Contracts	Measurement of long-term insurance contract (huge transformation)	Influences the actuarial systems Improves the profitability patterns Affects pricing
18	Presentation and Disclosure in Financial Statements	Operating, investment and finance management of profit and loss categories	Improved comparability Helps in process or system changes to align with market changes
19	Subsidiaries without Public Accountability: Disclosures	Subsidiaeries can apply for reduced disclosures if they do not have public accountability	It helps in reducing the reporting burden Ensures all underlying financial practices are at a robust pace

Benefits of IFRS Standards List

With the implementation of the IFRS standards, it is clear that there are several benefits. Investors can confidently compare the financial performance of companies across countries once they go through their financial reporting process.

The regulators and analysts can easily interpret results with the help of IFRS standards implementation. If you have completed a diploma in IFRS course, you will learn about the benefits. Furthermore, there are multinational companies which can integrate group reporting, making it easier for their decision-making process.

Significance of IFRS Standards List

In conclusion, companies become compliant with the IFRS Standards by following the list, leading to transparency and accountability. Investors and stakeholders follow the financial reporting of the companies and are confident to invest. Therefore, the IFRS Standards list helps effectively in creating comprehensive reports and profit and loss statements.

Frequently Asked Questions on IFRS Standards List

What are the two types of leases?

There are two types of leases, namely operating and capital leases.

What are 5 accounting policies?

The 5 accounting policies are revenue recognition, expense recognition, inventory valuation, depreciation methods and asset valuation.

What are the 4 principles of IFRS?

Reliability, relevance, comparability and clarity are the 4 principles of the IFRS standards.

What is the IFRS checklist?

The IFRS checklist outlines the minimum disclosure and the preparation of the financial statements based on IFRS.

Which is higher, IFRS or IAS?

None of them is higher; instead, IFRS is more updated compared to IAS. It is more widely used worldwide and is flexible in helping companies integrate financial reporting and statements.