IFRS 10 – Transitional requirements
This is a short-term IASB project to consider urgent amendments to IFRS 10 Consolidated Financial Statements to alleviate constituent concerns that the transitional requirements of that Standard are more burdensome than had been intended.
Current status of the project
This project has been completed. The IASB issued Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance on 28 June 2012.
|November 2011||Added to the IASB's active agenda||Referred from the IFRS Interpretations Committee|
|20 December 2011||Exposure Draft ED/2011/7 Transition Guidance (Proposed amendments to IFRS 10) published
||Comment deadline 21 March 2012
|28 June 2012||Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance released||Effective for annual periods beginning on or after 1 January 2013|