2019
- Effective date of 2015-2017 annual improvements cycle from 01 Jan, 2019 12:00 AM to 01 Jan, 2019 10:55 PM — London,
- On December 12, 2017, the IASB issued 'Annual Improvements to IFRS Standards 2015–2017 Cycle,' which contains amendments to four International Financial Reporting Standards (IFRSs) as result of the IASB's annual improvements project. The amendments are all effective for annual periods beginning on or after 1 January 2019.
- Effective date of amendments to IFRS 9 (prepayment features) from 01 Jan, 2019 02:00 AM to 01 Jan, 2019 10:00 PM — London,
- On 12 October 2017, the IASB published 'Prepayment Features with Negative Compensation (Amendments to IFRS 9)' to address the concerns about how IFRS 9 'Financial Instruments' classifies particular prepayable financial assets. In addition, the IASB clarified an aspect of the accounting for financial liabilities following a modification. The amendments are to be applied retrospectively for fiscal years beginning on or after 1 January 2019.
- Effective date of amendments to IAS 28 (long-term interests) from 01 Jan, 2019 02:00 AM to 01 Jan, 2019 10:00 PM — London,
- On 12 October 2017, the IASB published 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)' to clarify that an entity applies IFRS 9 'Financial Instruments' to long-term interests in an associate or joint venture that form part of the net investment in the associate or joint venture but to which the equity method is not applied. The amendments are to be applied retrospectively for fiscal years beginning on or after 1 January 2019.
- Effective date of amendments to IAS 19 (plan amendments) from 01 Jan, 2019 02:00 AM to 01 Jan, 2019 10:00 PM — London,
- On 7 February 2018, the IASB published 'Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)' to harmonise accounting practices and to provide more relevant information for decision-making. An entity applies the amendments to plan amendments, curtailments or settlements occurring on or after the beginning of the first annual reporting period that begins on or after 1 January 2019.
- Effective date of IFRIC 23 from 01 Jan, 2019 02:00 AM to 01 Jan, 2019 11:00 PM — London,
- IFRIC 23 'Uncertainty over Income Tax Treatments' was issued by the IASB on 7 June 2017 and is effective for periods beginning on or after 1 January 2019, with earlier adoption permitted.
- Effective date of IFRS 16 from 01 Jan, 2019 01:00 AM to 01 Jan, 2019 10:00 PM — London,
- IFRS 16 'Leases' was issued by the IASB on 13 January 2016 and is effective for periods beginning on or after 1 January 2019, with earlier adoption permitted if IFRS 15 'Revenue from Contracts with Customers' has also been applied.
- Effective date of revised UK Corporate Governance Code from 01 Jan, 2019 12:05 AM to 01 Jan, 2019 11:55 PM — London,
- The Financial Reporting Council (FRC) has published the new UK Corporate Governance Code together with revised Guidance on Board Effectiveness. The new Code applies for periods commencing on or after 1 January 2019.