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IASB finalised pronouncements

Background

On this page, you will find the latest news and related information about pronouncements issued by the IASB and its related bodies such as the IFRS Interpretations Committee.

 

Related news

  • IFRS 2014 'Red Book' now available

  • Mar 12, 2014

  • The International Accounting Standards Board (IASB) has announced that the 2014 edition of the Bound Volume of International Financial Reporting Standards (the 'Red Book') is now available.

  • 2014 IFRS 'Red Book' coming in March

  • Feb 18, 2014

  • The International Accounting Standards Board (IASB) has announced that the 2014 edition of the Bound Volume of International Financial Reporting Standards (the 'Red Book') is expected to be available in March.

  • New and revised pronouncements as at 31 March 2014

  • Feb 18, 2014

  • Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 31 March 2014. This listing can be used to perform a quick check that all the new financial reporting requirements such as new and revised accounting standards and interpretations, and amendments to standards and interpretations, have been fully considered in the reporting close process.

  • New and revised pronouncements as at 31 December 2013

  • Jan 30, 2014

  • Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 31 December 2013. This listing can be used to perform a quick check that all the new financial reporting requirements such as new and revised accounting standards and interpretations, and amendments to standards and interpretations, have been fully considered in the reporting close process.

  • IASB issues interim standard on rate regulation

  • Jan 30, 2014

  • The International Accounting Standards Board (IASB) has published IFRS 14 'Regulatory Deferral Accounts'. This Standard is intended to allow entities that are first-time adopters of IFRS, and that currently recognise regulatory deferral accounts in accordance with their previous GAAP, to continue to do so upon transition to IFRS. The Standard is intended to be a short-term, interim solution while the longer term rate-regulated activities project is undertaken by the IASB. The IASB has stated that by publishing this Standard, they are not anticipating the outcome of the comprehensive rate-regulated activities project which is in its early stages.

  • New and revised pronouncements as at 30 September 2013

  • Dec 12, 2013

  • Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 30 September 2013. This listing can be used to perform a quick check that all the new financial reporting requirements have been fully considered in the reporting close process.

  • IASB concludes the 2011-2013 Annual Improvements cycle

  • Dec 12, 2013

  • The IASB issued 'Annual Improvements to IFRSs 2011–2013 Cycle', a collection of amendments to IFRSs, in response to issues addressed during the 2011–2013 cycle. Four standards are affected by the amendments.

  • IASB concludes the 2010-2012 Annual Improvements cycle

  • Dec 12, 2013

  • The IASB issued 'Annual Improvements to IFRSs 2010–2012 Cycle', a collection of amendments to IFRSs, in response to issues addressed during the 2010–2012 cycle. Seven standards are affected by the amendments.

  • IASB clarifies accounting for employee contributions to defined benefit plans

  • Nov 21, 2013

  • The International Accounting Standards Board (IASB) has issued 'Defined Benefit Plans: Employee Contributions (Amendments to IAS 19 'Employee Benefits')'. The amendments clarify the requirements that relate to how contributions from employees or third parties that are linked to service should be attributed to periods of service. In addition, it permits a practical expedient if the amount of the contributions is independent of the number of years of service. The amendments are effective for annual periods beginning on or after 1 July 2014, with earlier application being permitted.

  • IASB finalises IFRS 9 chapter on general hedge accounting

  • Nov 19, 2013

  • The International Accounting Standards Board (IASB) has published an amendment to IFRS 9 'Financial Instruments' incorporating its new general hedge accounting model. This represents a significant milestone as it completes another phase of the IASB’s project to replace IAS 39 'Financial Instruments: Recognition and Measurement'. The new general hedge accounting model will allow reporters to reflect risk management activities in the financial statements more closely as it provides more opportunities to apply hedge accounting.

  • Compliance checklists for 2013 issued

  • Nov 04, 2013

  • Deloitte's IFRS Global Office has issued updated versions of the IFRS compliance, presentation and disclosure checklist and the IAS 34 compliance checklist for 2013.

  • A Guide through IFRS 2013 ('Green Book') is now available

  • Sep 24, 2013

  • The IFRS Foundation has announced that 'A Guide through IFRS 2013' is now available. This volume (nicknamed the 'Green Book') includes the full text of the Standards and Interpretations and accompanying documents (such as the Basis for Conclusions) issued by the IASB as of 1 July 2013 with extensive cross-references and other annotations. This edition does not contain documents that are being replaced or superseded but remain applicable if a reporting entity chooses not to adopt the newer versions early.

  • New and revised pronouncements as at 30 June 2013

  • Sep 18, 2013

  • Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 30 June 2013. This listing can be used to perform a quick check that all the new financial reporting requirements have been fully considered in the reporting close process.

  • IASB issues amendments to IAS 39 regarding novations of derivatives

  • Jun 27, 2013

  • On 27 June 2013 the International Accounting Standards Board (IASB) issued 'Novation of Derivatives and Continuation of Hedge Accounting' (Amendments to IAS 39 'Financial Instruments: Recognition and Measurement'). Under the amendments there would be no need to discontinue hedge accounting if a hedging derivative was novated, provided certain criteria are met. The amendments are effective for annual periods beginning on or after 1 January 2014, with earlier application being permitted.

  • New and revised pronouncements as at 31 March 2013

  • Jun 26, 2013

  • The information on this page provides a high level overview of new and revised financial reporting requirements that need to be considered for financial reporting periods ending on 31 March 2013. This listing can be used to perform a quick check that all the new financial reporting requirements have been fully considered in the reporting close process.

  • IASB amends IAS 36 regarding recoverable amount disclosures for non-financial assets

  • May 29, 2013

  • The International Accounting Standards Board, as a consequential amendment to IFRS 13 'Fair Value Measurement', modified some of the disclosure requirements in IAS 36 'Impairment of Assets' regarding measurement of the recoverable amount of impaired assets. However, one of the amendments potentially resulted in the disclosure requirements being broader than originally intended. The IASB has rectified this through the issue of 'Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36)'.

  • New Interpretation on accounting for levies

  • May 20, 2013

  • The International Accounting Standards Board (IASB) has released IFRIC 21 'Levies'. IFRIC 21 provides guidance on when to recognise a liability for a levy imposed by a government, both for levies that are accounted for in accordance with IAS 37 'Provisions, Contingent Liabilities and Contingent Assets' and those where the timing and amount of the levy is certain.

  • IFRS 2013 'Red Book' now available

  • Mar 11, 2013

  • The International Accounting Standards Board (IASB) has announced that the 2013 edition of the Bound Volume of International Financial Reporting Standards (the 'Red Book') is now available.

  • New and revised pronouncements as at 31 December 2012

  • Mar 04, 2013

  • The information on this page provides a high level overview of new and revised financial reporting requirements that need to be considered for financial reporting periods ending on 31 December 2012. This listing can be used to perform a quick check that all the new financial reporting requirements have been fully considered in the reporting close process.

  • 2013 IFRS 'Red Book' coming in March

  • Feb 19, 2013

  • The International Accounting Standards Board (IASB) has announced that the 2013 edition of the Bound Volume of International Financial Reporting Standards (the 'Red Book') is expected to be available in March.

  • IASB ends 2012 with a flurry of pronouncements

  • Dec 12, 2012

  • In the lead up to the end of 2012, the International Accounting Standards Board (IASB) released a number of pronouncements under its various projects. As a service to our readers, this page provides a summary of the pronouncements, with links to our resources for each development.

  • IASB issues investment entities amendments

  • Oct 31, 2012

  • The IASB has published 'Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)', providing an exemption from consolidation of subsidiaries under IFRS 10 'Consolidated Financial Statements' for entities which meet the definition of an 'investment entity', such as certain investment funds. Instead, such entities would measure their investment in particular subsidiaries at fair value through profit or loss in accordance with IFRS 9 'Financial Instruments' or IAS 39 'Financial Instruments: Recognition and Measurement'.

  • New and revised pronouncements as at 30 September 2012

  • Sep 28, 2012

  • The information on this page provides a high level overview of new and revised financial reporting requirements that need to be considered for financial reporting periods ending on 30 September 2012. This listing can be used to perform a quick check that all the new financial reporting requirements have been fully considered in the reporting close process.

  • A Guide through IFRS 2012 ('Green Book') is now available

  • Sep 20, 2012

  • The IFRS Foundation has announced that 'A Guide through IFRS 2012' is now available. This volume (nicknamed the 'Green Book') includes the full text of the Standards and Interpretations and accompanying documents (such as the Basis for Conclusions) issued by the IASB as of 1 July 2012 with extensive cross-references and other annotations. This edition does not contain documents that are being replaced or superseded but remain applicable if a reporting entity chooses not to adopt the newer versions early.