• IAS 27 – Accounting for Distributions of Non-cash Assets to Owners
• IAS 39 Financial Instruments – Scope of IAS 39 Paragraph 11A and AG 33(d)(iii)
• IAS 18 Revenue – Customer Contributions

 

Approximately two-thirds of those companies would consider adopting IFRSs within the next three years. Survey results also indicate that companies believe their personnel lack sufficient knowledge of IFRSs to make the conversion and to maintain IFRS financial statements, both among domestic and non-US operations. More than half those companies considering IFRS say they lack skilled resources in their US operations, while approximately one-third felt they lacked skilled resources in their non-US operations. Click for Survey Announcement (PDF 23k). A more detailed report on the survey is expected to be available late this month, which we will post on IAS Plus.

 

There is a link to the Q&A on the Insurance Contracts Project Page on the IASB's website. The Q&A can also be downloaded directly via the following hyperlink: http://media.iasb.org/Service%20margin%20draft%20FAQs%20(2).pdf (PDF 67k).

 

They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided with a specific Standard. Click to download our IFRS Model Financial Statements for 2007 (PDF 700k). You will always find permanent links to these model financial statements and related presentation, disclosure, and compliance checklists on our Model Financial Statements Page.