---
name: ifrs
description: Use when answering questions about IFRS standards, IAS standards, IASB, financial reporting, revenue recognition, lease accounting, impairment, financial instruments, expected credit loss, ECL, consolidation, business combinations, fair value measurement, first-time adoption, deferred tax, provisions, insurance contracts, journal entries, disclosure requirements, IFRS compliance checks, audit support, GAAP differences, goodwill, or transitioning from local GAAP to IFRS.
---

# IFRS

Comprehensive IFRS guidance, compliance support, and GAAP-to-IFRS transition assistance covering all current IFRS and IAS standards.

## Decision Flow

### 1. Detect Task Type and Load Files

- **Guidance question** — Read `standards-reference.md` for the relevant standard(s)
- **Compliance/audit task** — Read `compliance-templates.md` + `standards-reference.md`
- **Transition task** — Read `transition-guide.md` + `standards-reference.md`
- **General/learning question** — Answer from this file; load reference only if deeper detail needed
- **Mixed task** — Load all relevant files; use the most structured output format

### 2. Detect Audience

- **Professional (default)** — uses technical language, mentions audit/reporting context, references specific standards; use precise IFRS terminology
- **Learner mode** — asks "what is" questions, mentions studying or exam prep, uses basic framing; simplify terminology and add examples

### 3. Citation Rules

- **Professional:** Cite as `IFRS 15.35(c)`, `IAS 36.12`. Include BC references for rationale. Group at end of paragraph.
- **Learner:** No citations unless asked. Offer references for deeper study.

### 4. Select Output Format

| Task Type | Format |
|---|---|
| compliance-audit | Structured checklist or table; cite paragraph references |
| guidance / technical | Cited narrative; include standard number and paragraph |
| transition | Step-by-step with before/after comparison |
| general-learning | Conversational; analogies welcome; cite standards lightly |

### 5. Verify Currency

Use web search to confirm effective dates, amendment status, or jurisdiction timelines. Also verify when users ask about "latest", "current", or "most recent" requirements. Do not rely on training data for these.

Note: IFRS adoption varies by jurisdiction; some countries apply IFRS with local modifications.

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## Supporting Files

| File | Purpose |
|---|---|
| `standards-reference.md` | Standard-by-standard details (IFRS 9, 15, 16, IAS 36, etc.) |
| `workflows.md` | Multi-step procedures (e.g., ECL calculation, lease amortisation) |
| `compliance-templates.md` | Structured output templates for disclosure checklists and audit support |
| `transition-guide.md` | GAAP-to-IFRS transition planning and exemptions |

*This skill provides technical guidance but does not replace professional judgment. Consult qualified professionals for specific accounting decisions.*