Download IFRS compatible chart of accounts in .xlsx format.
Updated to reflect the 2025 ITI illustrating the application of IAS 1.
The this COA cross references the ITI illustrating the application of IAS 1 Presentation of Financial Statements (link: ifrs.org).
The ITI illustrating the early application of IFRS 18 Presentation and Disclosure in Financial Statements combines the previous, IAS 1 presentation of nature of expense / function of expense separately into a single statement format.
Mapping expense accounts into this single statement format would result in double counting.
For example the CostOfSales documentation states (emphasis added): The amount of all expenses directly or indirectly attributed to the goods or services sold, in the operating category in the statement of profit or loss. Attributed expenses include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, such as depreciation and maintenance of factory buildings and equipment used in the production process, unallocated production overheads, and abnormal amounts of production costs of inventories.
The DepreciationExpense documentation states: The amount of depreciation expense, in the operating category in the statement of profit or loss. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.
The EmployeeBenefitsExpense documentation states: The amount of all expenses directly or indirectly attributed to the goods or services sold, in the operating category in the statement of profit or loss. Attributed expenses include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, such as depreciation and maintenance of factory buildings and equipment used in the production process, unallocated production overheads, and abnormal amounts of production costs of inventories.
The IAS 2.12 (edited, emphasis added) states: The costs of conversion of inventories include costs directly related to the units of production, such as direct labour. They also include a systematic allocation of fixed and variable production overheads that are incurred in converting materials into finished goods. Fixed production overheads are those indirect costs of production that remain relatively constant regardless of the volume of production, such as depreciation and maintenance of factory buildings, equipment and right-of-use assets used in the production process, and the cost of factory management and administration...
As CostOfSales already includes costs directly or indirectly attributed to the goods or services sold such as direct labour and depreciation of, for example, factory buildings, equipment and right-of-use assets, presenting these costs again in DepreciationExpense and EmployeeBenefitsExpense would result in their being double counted.
As IFRS 18 is not mandatory until 2027, it is likely this issue will be addressed before it becomes mandatory. In the meantime, this COA will continue to with cross references to IAS 1's, two statement format.