The revised Conceptual Framework for Financial Reporting was issued by the Board in March 2018 and is effective immediately for the Board and the IFRS Interpretations Committee. For companies that use the Conceptual Framework to develop accounting policies when no IFRS 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 Board is currently undertaking a number of activities to support implementation of the Conceptual Framework. You can find information about all of these activities by following the links below. This includes all of the educational material that has been prepared since the Conceptual Framework was issued and links to any upcoming conferences.
Throughout the implementation phase, the Board will monitor implementation and will consider whether additional materials might be helpful. This page will be regularly updated with information relating to these activities.