April

Report from IASB meeting with partner standard setters

27 Apr 2004

We have combined onto a Single Page our notes from (a) the IASB meeting on 21 April 2004, (b) the IASB and FASB joint meeting on 22-23 April 2004, and (c) the IASB meeting with chairs of its partner national standard setters on 26-27 April 2004. .

We have combined onto a Single Page our notes from (a) the IASB meeting on 21 April 2004, (b) the IASB and FASB joint meeting on 22-23 April 2004, and (c) the IASB meeting with chairs of its partner national standard setters on 26-27 April 2004.

EFRAG draft endorsement and comment letters

24 Apr 2004

The European Financial Reporting Advisory Group (EFRAG) has released the released preliminary and final views on a number of IASB proposals.

EFRAG has released the following documents:

 

New Australian standard on disclosing the impacts of IFRSs

24 Apr 2004

The Australian Accounting Standards Board has published a new accounting standard AASB 1047 Disclosing the Impacts of Adopting Australian Equivalents to International Financial Reporting Standards.

The purpose of the standard is to provide users of financial reports with relevant and reliable information about the impacts of changes in accounting policies in the period leading up to full adoption of Australian equivalents of IFRSs. The disclosures must be made by all entities, including not for profit entities, for interim and annual reporting periods ending on or after 30 June 2004. Click for (PDF 25k). You can download a PDF Version of AASB 1047 from the AASB's Website.

Report from IASB-FASB joint meeting 23 April 2004

24 Apr 2004

We have combined onto a Single Page our notes from (a) the IASB meeting on 21 April 2004, (b) the IASB and FASB joint meeting on 22-23 April 2004, and (c) the IASB meeting with chairs of its partner national standard setters on 26-27 April 2004. .

We have combined onto a Single Page our notes from (a) the IASB meeting on 21 April 2004, (b) the IASB and FASB joint meeting on 22-23 April 2004, and (c) the IASB meeting with chairs of its partner national standard setters on 26-27 April 2004.

Agenda announced for IFRIC meeting 4-5 May 2004

24 Apr 2004

The International Financial Reporting Interpretations Committee (IFRIC) will meet at the IASB's offices in London on Tuesday and Wednesday, 4-5 May 2004. The agenda for the meeting is set out below. .

The International Financial Reporting Interpretations Committee (IFRIC) will meet at the IASB's offices in London on Tuesday and Wednesday, 4-5 May 2004. The agenda for the meeting is set out below.

AGENDA – IFRIC MEETING 4-5 MAY 2004

Information about Japanese accounting standards

24 Apr 2004

The European IFRS regulation requires that companies based in Europe and trading in European public capital markets must prepare IFRS financial statements starting in 2005. One of the issues left to national securities exchanges and regulators is whether to impose the IFRS requirement on companies from outside Europe that are listed on European exchanges.

The British securities regulator has proposed to allow non-UK companies to submit only IFRS or US GAAP financial statements (see our news stories of 26 and 27 January 2004). Three Japanese groups (securities regulator, accounting standard setter, and professional accountancy body) have issued a nine-page electronic document Evolving Japanese GAAP: High Quality Accounting Standards to make the case that "Japanese GAAP is equivalent to IFRS" and, therefore, should be allowed. Click to Download (PDF 590k).

Two new IFRS e-learning modules are now available

23 Apr 2004

Two new modules have been added to the Deloitte IFRS e-Learning programme: IAS 7 Cash Flow Statements IAS 10 Events after the Balance Sheet Date Global demand has been enthusiastic, to say the least.

Around 23,000 modules have been downloaded by nearly 3,000 unique visitors from over 130 different countries. The modules for IAS 12, IAS 19, IAS 32/39, IAS 33, and IFRS 1 are in the late stages of development. You can access all available modules by clicking the IFRS e-Learning button on the IASPlus home page or by clicking Here. Deloitte is making our IFRS e-Learning programme available in the public interest without charge.

European Commission endorses IFRS 1

23 Apr 2004

The European Commission has published Commission Regulation No.

707/2004 of 06 April 2004 endorsing IFRS 1 for use under the European Accounting Regulation. Click for (PDF 181k).

Report from IASB-FASB joint meeting 22 April 2004

23 Apr 2004

We have combined onto a Single Page our notes from (a) the IASB meeting on 21 April 2004, (b) the IASB and FASB joint meeting on 22-23 April 2004, and (c) the IASB meeting with chairs of its partner national standard setters on 26-27 April 2004. .

We have combined onto a Single Page our notes from (a) the IASB meeting on 21 April 2004, (b) the IASB and FASB joint meeting on 22-23 April 2004, and (c) the IASB meeting with chairs of its partner national standard setters on 26-27 April 2004.

FASB will hold public round-tables on share-based payment

23 Apr 2004

The US Financial Accounting Standards Board has announced plans to hold public roundtable meetings on its Exposure Draft Share-Based Payment on 24 June 2004 in Palo Alto, California, and on 29 June 2004, in Norwalk, Connecticut.

FASB has proposed to require recognition of compensation expense for the fair value of stock options given to employees. The IASB recently adopted a similar requirement in IFRS 2. Click for More Info about the FASB round-tables.

Correction list for hyphenation

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