This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

EFRAG issues two final endorsement advices and effects study reports on the amendments to IFRS 11 and IAS 16/IAS 38

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

25 Jul 2014

The European Financial Reporting Advisory Group (EFRAG) has submitted to the European Commission its endorsement advice letter and effects study report on the amendments to IFRS 11 regarding the acquisitions of interests in joint operations and the amendments to IAS 16 and IAS 38 on acceptable methods of depreciation and amortisation.

In both cases, the EFRAG supports the adoption of the amendments and recommends that the European Commission endorses the amendments because it believes implementation that the benefits for preparers and users implementing the amendments outweigh the costs.

Concurrently, EFRAG has updated its report showing the status of endorsement to reflect the final EFRAG endorsement advices.

Click for the following information on the EFRAG website:

Amendments to IFRS 11Amendments to IAS 16 and IAS 38

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.