Read: 496
Your Essential Year- Guide
KPMG's?Guide to Annual Financial Statements – Illustrative Disclosures for Investment Funds?is designed to help you prepare your financial statements in compliance with International Financial Reporting Standards IFRS Accounting Standards. This guide uses a hypothetical example of a tax-exempt open-ed single-fund investment company that is not adopting IFRS for the first time.
It showcases potential disclosures based on IFRS Accounting Standards as of November 30, 2023 and applicable to annual periods beginning on January 1, 2023.
The updated guide incorporates illustrations of new disclosure requirements introduced in Disclosure of Accounting Policies Amments to IAS 1 and IFRS Practice Statement 2.
Illustrative Disclosures for Investment Funds
Access our Publication
Download now
Link
Discover more
Navigating Uncertn Times
Many investment funds are currently facing unprecedented challenges due to external factors like geopolitical turmoil, natural disasters, climate change impacts or rising inflation. Preparers must carefully assess and disclose the effects of these events on their financial reporting for 2023.
We offer an uncertn times digital hub which includes articles, blogs and podcasts to help you better understand the accounting and disclosure implications specific to your fund.
Climate Change and Financial Reporting
Investment funds are experiencing climate-related risks and opportunities that influence strategic decision-making. The transition towards a low-carbon economy is essential for many.
Our clear on climate reporting digital hub provides frequently asked questions FAQs to help identify potential financial statement impacts based on the unique business conditions of your fund.
Furthermore, the International Sustnability Standards Board ISSB has released IFRS Sustnability Disclosure Standards. We provide insights and updates on related developments at our ISSB Standards Today webpage.
Stay connected with 'KPMG IFRS' on LinkedIn and explore The KPMG View – IFRS Standards for the latest content IFRS Accounting Standards.
Further Reading
Banking Industry – 2023 Illustrative Disclosures
Your comprehensive guide to preparing financial statements for banks under IFRS Accounting Standards.
Explore more
Guides to Financial Statements
A collection of illustrative disclosures and disclosure checklists under IFRS Accounting Standards, including past guides and sector supplements.
Copyright notice
This content is copyright owned by one or more of the KPMG International entities. KPMG International provides no services directly to clients and does not have authority to obligate any member firm vis-a-vis third parties. The KPMG network includes member firms across multiple jurisdictions worldwide for your benefit.
For a detled understanding of our structure, visit https:kpmg.comgovernance.
The KPMG IFRS team offers insights on current and upcoming changes in accounting standards through LinkedIn and The KPMG View – IFRS Standards webpage.
This article is reproduced from: https://kpmg.com/xx/en/what-we-do/services/audit/corporate-reporting-institute/ifrs/illustrative-financial-statements/ifs-investment-funds.html
Please indicate when reprinting from: https://www.i466.com/Financial_Corporation/KPMG_Year_Guide_IFRS.html
Year End Guide for Investment Funds IFRS Compliance KPMGs Annual Financial Statements Illustration Tax Exempt Open Ended Fund Disclosures New Accounting Policies Disclosure Requirements Uncertain Times Digital Hub Access Climate Change Impact on Financial Reporting