December

IFRIC publishes two final interpretations

02 Dec 2004

The International Financial Reporting Interpretations Committee (IFRIC) has released two final Interpretations, on emission rights and leases.

The two final Interpretations are:

  • IFRIC 3 Emission Rights
  • IFRIC 4 Determining Whether an Arrangement Contains a Lease.
Click for Press Release (PDF 38k).

 

EFRAG invites comments on IFRIC 2

02 Dec 2004

The European Financial Reporting Advisory Group (EFRAG) has Invited Comments on its draft letter proposing to advise the European Commission to endorse IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments for use in Europe.

Comments are due by 6 January 2005.

Australian accounting alert on hedge documentation

02 Dec 2004

We have posted a , which is reminder to clients about the requirement to have hedge documentation in place at transition date on first time adoption of AASB 139 (PDF 41k).

Because AASB 139 is similar to IAS 39, the reminder is equally applicable to companies around the world that are adopting IAS 39 for the first time in 2005. Click for links to all Past Australian Accounting Alerts.

November 2004 EITF Roundup posted

01 Dec 2004

We have posted the November 2004 edition of EITF Roundup, a newsletter published by the National Office Accounting Standards and Communications Group of Deloitte & Touche LLP (USA).

This edition of EITF Roundup provides an overview of the issues discussed, consensuses reached, and administrative matters at the 17-18 November 2004 meeting of FASB's Emerging Issues Task Force. Click to (PDF 476k). Links to all past issues are Here.

Correction list for hyphenation

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