AcSB Due Process Activities – 2016 Changes to Part I
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.
