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ifrs-standards

Guide IFRS 9, 15, 16, IAS 36, and IFRS 3 financial reporting tasks.

2|1|Updated Mar 14, 2026
Search Tags:#financial-reporting#revenue-recognition#leases#ifrs#impairment#business-combinations
One-click install
npx skills add https://github.com/brainbytes-dev/everything-claude-finance --skill ifrs-standards
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: ifrs-standards
Source: https://github.com/brainbytes-dev/everything-claude-finance/tree/main/skills/accounting/ifrs-standards
Command: npx skills add https://github.com/brainbytes-dev/everything-claude-finance --skill ifrs-standards

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

This IFRS-focused Skill provides a compact, authoritative guide to applying IFRS standards (IFRS 9, 15, 16, IAS 36, IFRS 3) across common finance tasks, reducing misstatements and interpretation errors.

Core Features & Use Cases

  • Clear mappings of IFRS standards to core accounting activities (revenue recognition under IFRS 15, lease accounting under IFRS 16, classification under IFRS 9, impairment under IAS 36, and PPA under IFRS 3).
  • Quick-reference decision criteria and practical examples to accelerate reconciliations and financial reporting.
  • Flexible guidance suitable for both daily close tasks and policy development, with scenario-based prompts to assist analysts.

Quick Start

Ask me to apply IFRS 15 to recognize revenue for a software contract.

Frequently Asked Questions about ifrs-standards

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I apply IFRS 15 to recognize revenue for a software contract?▼

To apply IFRS 15 revenue recognition for a software contract, identify performance obligations, determine transaction prices, and allocate them using the five-step model with practical decision checklists and real-world examples.

What is the best way to account for lease modifications under IFRS 16?▼

Lease accounting under IFRS 16 requires recognizing right-of-use assets and lease liabilities. This Skill provides decision criteria and scenario-based guidance to handle lease modifications and accelerate reconciliations accurately.

How does impairment testing work under IAS 36 for financial reporting?▼

Impairment testing under IAS 36 involves calculating recoverable amounts and recognizing losses when carrying values exceed them. This Skill offers concise references and templates to guide classification, measurement, and impairment tasks.

Can I use this guidance for purchase price allocation in business combinations under IFRS 3?▼

Yes, this Skill provides PPA guidance under IFRS 3 for business combinations. It maps IFRS standards to core accounting activities, supplying quick-reference criteria and templates to support accurate asset valuation and policy development.

Do I need prior IFRS knowledge to use these financial reporting decision checklists?▼

No extensive prerequisite knowledge is required. This Skill offers flexible guidance suitable for both daily close tasks and policy development, featuring scenario-based prompts that assist analysts at various experience levels.

Why does IFRS 9 classification of financial instruments cause interpretation errors?▼

IFRS 9 classification causes interpretation errors due to complex measurement and impairment rules. This Skill reduces misstatements by providing clear mappings of IFRS 9 to core accounting activities with quick-reference decision criteria.

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