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New and revised Standards for 2009

  • IASB (International Accounting Standards Board) (blue) Image

30 Dec 2009

The following is a comprehensive list of new and revised IASB Standards and Interpretations that are effective for 31 December 2009 year ends and later periods.

All of the newsletters referred to may be downloaded without charge on our Newsletter Page. See also the news story immediately below for our comprehensive year-end IAS Plus Update Newsletter – Closing Out 2009.

New pronouncements effective for 31 December 2009 year ends

New Standards

Effective for annual periods beginning on or after

IAS Plus newsletter issued


Operating segments

1 January 2009

December 2006


IFRS for Small and Medium-sized Entities

Available immediately

July 2009

Amendments to Standards

IFRS 1 and IAS 27

Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate

1 January 2009

May 2008


Vesting Conditions and Cancellations

1 January 2009

January 2008


Enhancing disclosures about fair value and liquidity risk

1 January 2009

March 2009


Presentation of Financial Statements

1 January 2009

September 2007

IAS 23

Borrowing cost

1 January 2009

April 2007

IAS 32 and IAS 1

Puttable Financial Instruments and Obligations Arising on Liquidation

1 January 2009

February 2008

IAS 39

Clarification regarding assessment of embedded derivatives

Annual periods ending on or after 30 June 2009

March 2009

IAS 39 and IFRS 7

Reclassification of financial assets

1 July 2008

October 2008


Improvements to IFRSs


May 2008

New Interpretations


Customer Loyalty Programmes

1 July 2008

June 2007


Agreements for the Construction of Real Estate

1 January 2009

July 2008


Hedges of a Net Investment in a Foreign Operation

1 October 2008

July 2008


Transfers of Assets from Customers

Transfers made after 1 July 2009

February 2009


Related Topics

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.