IFRIC 2 is now fully adopted in Europe
02 Aug 2005
European Commission Regulation (EC) No.
1073/2005 of 7 July 2005 was published in the Official Journal of the European Union on 8 July 2005. Therefore the European Commission has now fully adopted IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments for use in Europe. Click to download the (PDF 66k).
1 August 2005: Two new Australian Accounting Alerts
Deloitte (Australia) has published two Australian Accounting Alerts: |
- IASB Issues Exposure Draft of Amendments to IAS 37 and IAS 19 (PDF 55k): This Alert discusses AASB ED 140, which proposes amendments to the Australian equivalents of IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IAS 19 Employee Benefits. The Alert provides an Australian perspective on some of the key proposals and their impacts.
- IASB/FASB Joint Phase II Business Combination Proposals (PDF 53k): This Alert discusses AASB ED 139, which proposes amendments to the Australian equivalent of IFRS 3 Business Combinations and AASB ED 141, which proposes amendments to the Australian equivalent of IAS 27 Consolidated and Separate Financial Statements. "The phase II business combinations proposals will see some radical changes to accounting for business combinations and changes in ownership interests. This Accounting Alert provides an Australian perspective on some of the key proposals and their impacts."