Better communication in financial reporting (BCFR) currently comprises three International Accounting Standards Board (IASB) projects: Primary financial statements, the Disclosure initiative and Management commentary. All are aimed at improving information for users of financial statements.

And bookmark this page to learn more about these three significant projects along with other emerging issues on financial statement presentation – including our resources on Financial reporting in uncertain times.

Our latest insights

IFRS 18 aims to deliver more consistent, comparable and transparent information
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Companies encouraged to apply materiality and to provide company-specific disclosures
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Amendments focus on disclosures only
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Guides to financial statements

Our practical guide to IFRS Accounting Standards
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Illustrative disclosures and disclosure checklists under IFRS® Accounting Standards including past guides and sector supplements
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KPMG insights on applying IFRS® Accounting Standards
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Other emerging issues

IAS 1 amendments effective January 2024
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Proposed new framework designed to bring financial and non-financial information into a single report
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A new definition of and clarifications on accounting estimates
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