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Annual Improvements to IFRSs 2017-2019 Cycle - IASB

Date recorded:

At its meeting on December 13-14, 2017, the IASB discussed the IFRIC’s recommendation to propose an amendment to IFRS 1, First-time Adoption of International Financial Reporting Standards. The proposal would require a subsidiary that applies paragraph D16(a) of IFRS 1 to measure cumulative translation differences using the amounts reported by its parent, based on the parent’s date of transition to IFRS Standards (subject to any adjustments made for consolidation procedures and for the effects of the business combination in which the parent acquired the subsidiary). All Board members agreed with the proposal.

Review the IASB Update and podcast on the IASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.