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Summary of new and revised accounting pronouncements for March 2012 is updated

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Apr 03, 2012

The "summary of new and amended pronouncements" document is updated to provide a high-level overview of new and revised accounting pronouncements that should be considered for financial reporting periods ending on or after March 31, 2012.

The resource provides a brief summary of each pronouncement and indicates whether it must be mandatorily applied for the first time at March 31, 2012, or whether it may be optionally applied for various quarter ends. This information can be used to ensure that all new financial reporting requirements have been fully considered in the reporting close process.

The information reflects developments to March 28, 2012, and will be updated through to June 2012, after which an edition for June 2012 reporting will be produced. Include will be a permanent link to the most recent edition of the resource in the right-hand panel of our standards page. The summary is also available for financial reporting periods ending on December 31, 2011, and September 30, 2011.

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