Special edition IAS Plus Newsletter on IFRS 8
Dec 22, 2006
Deloitte's IFRS Global Office has published a special edition of our IAS Plus Newsletter titled (PDF 113k).
On 30 November 2006, the IASB issued IFRS 8, which replaces IAS 14 Segment Reporting. This newsletter explains the requirements of IFRS 8 and how it differs from IAS 14. IFRS 8 is mandatory for annual financial statements for periods beginning on or after 1 January 2009, although earlier application is permitted. Once IFRS 8 is effective, segment reporting under IFRSs and US Generally Accepted Accounting Principles (SFAS 131) will be converged except for some minor differences. IFRS 8 will expand significantly the requirements for segment information at interim reporting dates. You will find all Past IAS Plus Newsletters Here. You can sign up for Free Subscription by Email.