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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.