The starter kit for IFRS (International Financial Reporting Standards) is a configuration of SAP Financial Consolidation - part of SAP Solutions for EPM (Enterprise Performance Management) - designed to perform, validate and publish a statutory consolidation in accordance with IFRS.
As IFRS are constantly evolving, SAP Enterprise Performance Management ensures that regulatory evolutions are addressed in a timely fashion.
A dedicated document is available here (https://scn.sap.com/docs/DOC-64477) that summarizes the new requirements resulting from the IASB 2014 publications and analyses the changes to be made in the starter kit.