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May

  • Agenda for IASB's June meeting

    31 May 2001

    IASB has announced the topics, but not yet the running order, for its upcoming meeting on 26-28 June: Banks and Financial Institutions - discussion Business Combinations - preliminary discussion (continued) Measurement - preliminary discussion Preface to the Standards - consideration of revised draft Reporting Financial Performance - discussion of reporting models Technical Agenda - further discussion Transition to IAS as the Primary Basis of Accounting - discussion Administrative Items .

  • Adoption of IAS proposed in Singapore

    29 May 2001

    The Disclosure and Accounting Standards Committee (DASC) is an independent committee formed to propose changes to the financial reporting and disclosure requirements in Singapore. Earlier this month, the DASC published its recommendations on adopting IAS.

  • Four IAS-based IPSAS are approved

    27 May 2001

    At its meeting earlier this month, IFAC's Public Sector Committee (PSC) approved four final International Public Sector Accounting Standards that are based on IAS: IPSAS 9, Revenue from Exchange Transactions (based on IAS 18); IPSAS 10, Inventories (based on IAS 2); IPSAS 11, Construction Contracts (based on IAS 11); and IPSAS 12, Financial Reporting in Hyperinflationary Economies (based on IAS 29).

  • Comment deadline nears on four IAS-based IPSAS

    19 May 2001

    There's a 31 May comment deadline on four exposure drafts of International Public Sector Accounting Standards that are based on IAS: ED 16, Events After the Reporting Date; ED 17, Segment Reporting; ED 18, Financial Instruments: Disclosure and Presentation; and ED 19, Investment Property.

  • Country updates added for Europe, South Africa

    18 May 2001

    The Country Updates on this website have been expanded to include Austria, Denmark, France, Germany, Greece, Italy, Luxembourg, Portugal, Russian Federation, South Africa, and United Kingdom.

  • Russian GAAP Update

    17 May 2001

    The Russian Federation's move to a market economy has necessitated a change in the standards of accounting for reporting the financial position and results of operations of Russian enterprises.

  • European Parliament amends Directives to allow IAS 39

    17 May 2001

    On 15 May, the European Parliament amended the 4th and 7th Directives (European laws) to require listed companies to follow IAS 39 by reporting certain financial assets and liabilities at fair value in their annual consolidated financial statements.