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The IFRS Accounting Taxonomy 2024 reflects the presentation and disclosure requirements of the IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) at 1 January 2024, the IFRS for SMEs Accounting Standard as issued by the IASB in December 2015 and amended in September 2023 and Practice Statement 1 Management Commentary as issued by the IASB in December 2010.

The IFRS Accounting Taxonomy 2024 includes changes to the IFRS Accounting Taxonomy 2023 to reflect new or amended presentation and disclosure requirements arising from:

  • International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12 Income Taxes), issued in May 2023;
  • International Tax Reform—Pillar Two Model Rules (Amendments to Section 29 Income Tax of the IFRS for SMEs Accounting Standard), issued in September 2023;
  • Supplier Finance Arrangements (Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures), issued in May 2023; and
  • Lack of Exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates), issued in August 2023.

The IFRS Accounting Taxonomy 2024 also includes changes to reflect common reporting practice by entities that apply IFRS Accounting Standards, general taxonomy improvements and technology updates. These changes include:

  • a common practice review of extensions relating to the presentation of financial instruments in tagged financial statements prepared using IFRS Accounting Standards of banking institutions;
  • general improvements to support the high-quality tagging of financial information, including proposed changes to the tagging of reconciliation of property, plant and equipment including right-of-use assets and the introduction of categorical elements to the IFRS Accounting Taxonomy; and
  • changes to the IFRS Accounting Taxonomy’s technology.

The IFRS Accounting Taxonomy 2024 was published on 27 March 2024. A minor technical correction was published on 29 August 2024.

Below you will find information related to the annual IFRS Accounting Taxonomy. Access additional resources, such as Illustrative Examples.

Name and description of entry point
Full IFRS Accounting Standards Entry Point—to view the IFRS Accounting Taxonomy for full IFRS Accounting Standards reporting.
Management Commentary Entry Point—to view the IFRS Accounting Taxonomy for IFRS Practice Statement 1 Management Commentary reporting.
Full IFRS Accounting Standards and Management Commentary Entry Point—to view the IFRS Accounting Taxonomy for full IFRS Accounting Standards reporting with IFRS Practice Statement 1 Management Commentary.
IFRS for SMEs Entry Point—to view the IFRS Accounting Taxonomy for IFRS for SMEs Accounting Standard reporting.
Combined Entry Point—to view the IFRS Accounting Taxonomy for full IFRS Accounting Standards, the IFRS for SMEs Accounting Standard, and the IFRS Practice Statement 1 Management Commentary reporting.
Basic Entry Point—to view the IFRS Accounting Taxonomy for full IFRS Accounting Standards reporting without generic links.
Deprecated Entry Point—to view the deprecated IFRS Accounting Taxonomy elements for IFRS Accounting Standards reporting.
Full IFRS Accounting Standards Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for full IFRS Accounting Standards reporting.
Management Commentary Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for IFRS Practice Statement 1 Management Commentary reporting.
Full IFRS Accounting Standards and Management Commentary Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for full IFRS Accounting Standards reporting with IFRS Practice Statement 1 Management Commentary.
IFRS for SMEs Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for IFRS for SMEs Accounting Standard reporting.
Combined Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for full IFRS Accounting Standards, the IFRS for SMEs Accounting Standard, and the IFRS Practice Statement 1 Management Commentary reporting.
Basic Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for full IFRS Accounting Standards reporting without generic links.

Versioning reports
Documentation detailing the changes between the full IFRS Accounting Taxonomy 2023 and the full IFRS Accounting Taxonomy 2024.
Documentation detailing the changes between the IFRS Accounting Taxonomy for SMEs Accounting Standard 2023 and the IFRS Accounting Taxonomy for SMEs Accounting Standard 2024.