The revised Conceptual Framework for Financial Reporting was issued by the IASB in March 2018 and is effective immediately for the IASB and the IFRS Interpretations Committee. For companies that use the Conceptual Framework to develop accounting policies when no IFRS Accounting Standard applies to a particular transaction, the revised Conceptual Framework is effective for annual reporting periods beginning on or after 1 January 2020, with earlier application permitted.
The IASB undertook a number of activities to support the understanding and application of the Conceptual Framework. You can find information about all of these activities, including the publication of educational materials, by following the links below.
