SARAS publishes a brief guide to the changes incorporated in the 2024 edition of IFRS Standards
The amendments to the 2024 edition of International Financial Reporting Standards (IFRS) became effective on 1 January 2024 and include changes to the following five accounting standards:
• Classification of liabilities as current or non-current;
• Lease liability in a sale and leaseback;
• Non-current liabilities with covenants;
• Supplier finance arrangements;
• International tax reform - pillar two model rules.
In addition, the document provides information on amendments to accounting standards that have been issued as of 1 January 2024 but became effective from 1 January 2025.
See Changes incorporated in the 2024 edition of IFRS Standards.