IFRS for SMEs / Section 8: Notes to the Financial Statements

Section 8: Notes to the Financial Statements

Section 8 sets the structure and order of the notes, including the accounting policies and the judgements and estimates management made.

Disclosures to look for

8.5 The measurement bases and the accounting policies used.

Third edition (2025 changes)

Material accounting policy information replaces significant accounting policies, with examples of judgements (8.6).

How Sight applies it

Sight selects the policies from the accounts that carry a balance and flags a selected policy nothing in the ledger supports.

Compile IFRS for SMEs financial statements from the ledger. SightAccounting selects the policies, builds the notes and checks the disclosures before you sign. Start a 60-day free trial.