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.

Need to know — IASB issues exposure draft on Annual Improvements to IFRSs: 2012-2014 Cycle

Published on: 12 Dec 2013

This newsletter outlines recent proposed amendments to four International Financial Reporting Standards (IFRSs) under the IASB's annual improvements project.

The exposure draft proposes amendments to the following standards:

  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations Changes in methods of disposal.
  • IFRS 7 Financial Instruments: Disclosures – (i) Servicing contracts and(ii) Applicability of the amendments to IFRS 7 on offsetting disclosure to condensed interim financial statements.
  • IAS 19 Employee Benefits – Discount rate: regional market issue
  • IAS 34 Interim Financial Reporting – Disclosure of information ‘elsewhere in the interim report’.

The proposed amendments, if finalised, would be effective for annual periods beginning on or after 1 January 2016, with earlier application permitted.

Download

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.