New and revised Standards for 2009
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.
New pronouncements effective for 31 December 2009 year ends |
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New Standards |
Effective for annual periods beginning on or after |
IAS Plus newsletter issued |
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Operating segments |
1 January 2009 |
December 2006 |
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IFRS for Small and Medium-sized Entities |
Available immediately |
July 2009 |
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Amendments to Standards |
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Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate |
1 January 2009 |
May 2008 |
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Vesting Conditions and Cancellations |
1 January 2009 |
January 2008 |
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Enhancing disclosures about fair value and liquidity risk |
1 January 2009 |
March 2009 |
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Presentation of Financial Statements |
1 January 2009 |
September 2007 |
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Borrowing cost |
1 January 2009 |
April 2007 |
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Puttable Financial Instruments and Obligations Arising on Liquidation |
1 January 2009 |
February 2008 |
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Clarification regarding assessment of embedded derivatives |
Annual periods ending on or after 30 June 2009 |
March 2009 |
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Reclassification of financial assets |
1 July 2008 |
October 2008 |
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Improvements to IFRSs |
Various |
May 2008 |
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New Interpretations |
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Customer Loyalty Programmes |
1 July 2008 |
June 2007 |
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Agreements for the Construction of Real Estate |
1 January 2009 |
July 2008 |
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Hedges of a Net Investment in a Foreign Operation |
1 October 2008 |
July 2008 |
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Transfers of Assets from Customers |
Transfers made after 1 July 2009 |
February 2009 |