IASB issues three new and three revised standards
31 Mar 2004
The International Accounting Standards Board has issued three new International Financial Reporting Standards – on business combinations, insurance, and asset disposals – and has issued three revised International Accounting Standards, including the finalised macro hedging amendment to IAS 39.
These are briefly noted in the table below. We will post more detailed summaries shortly. IASB subscribers will be able to download the new pronouncements from IASB's Website.
New IFRSs |
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IFRS 3 Business Combinations, replacing IAS 22
IFRS 4 Insurance Contracts
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, replacing IAS 35
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Revised IASs |
IAS 36 Impairment of Assets
IAS 38 Intangible Assets
IAS 39 Financial Instruments: Recognition and Measurement
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