IFRIC 10 — Interim Financial Reporting and Impairment
Effective date: |
First effective as Canadian GAAP under Part I for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011. Earlier application of Part I was permitted. |
Published by the IASB: |
July 2006 |
Included in Part I of CPA Canada Handbook: |
January 2010 |
Overview
The Interpretation addresses the interaction between the requirements of IAS 34 Interim Financial Reporting and the recognition of impairment losses on goodwill in IAS 36 Impairment of Assets and certain financial assets in IAS 39 Financial Instruments: Recognition and Measurement, and the effect of that interaction on subsequent interim and annual financial statements.
History of IFRIC 10
The following table shows the history of this standard subsequent to the adoption of IFRS in Canada.
Date1 |
Development |
Comments |
Included in Part I of the CPA Canada Handbook2 |
January 2010 |
Part I of the CPA Canada Handbook issued |
Effective for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011. Earlier application is permitted. |
January 2010 |
Notes
- For further details of relevant developments prior to this, please refer to our Deloitte Global section.
- Newly issued, amended or revised IFRSs are part of Canadian GAAP only after they are approved by the Accounting Standards Board in accordance with its due process.
Related Standards
- IAS 34, Interim Financial Reporting
- IAS 36, Impairment of Assets
- IAS 39, Financial Instruments: Recognition and Measurement
- IFRS 9, Financial Instruments
Amendments under consideration
- None