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AcSB Due Process Activities – 2016 Changes to Part I

  • IFRS - AcSB Image

Mar 27, 2017

On March 27, 2017, the Accounting Standards Board (AcSB) released a document summarizes the due process activities it undertook in support of the changes made to Part I of the Handbook during 2016.

The changes made to Part I to incorporate new or amended IFRSs issued by the IASB include:

  • IFRS 2, Share-based Payment (amendments regarding classification and measurement of share-based payment transactions)
  • IFRS 10, Consolidated Financial Statements and IAS 28, Investments in Associates and Joint Ventures (amendments regarding the effective date of amendments to IFRS 10 and IAS 28)
  • IFRS 15, Revenue from Contracts with Customers (amendments regarding the effective date of IFRS 15)
  • IFRS 15, Revenue from Contracts with Customers (amendments regarding clarifications to IFRS 15)
  • IFRS 16, Leases (new)
  • IAS 7, Statement of Cash Flows (amendments regarding disclosure initiative)
  • IAS 12, Income Taxes (amendments regarding recognition of deferred tax assets for unrealized losses)

Review the document on the AcSB's website.

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