2016 IFRS 'Blue Book' now available
21 Dec 2015
The IFRS Foundation has published '2016 IFRS Consolidated without early application' — the 'Blue Book'.
This volume contains all official pronouncements that are mandatory on 1 January 2016. It does not include IFRSs with an effective date after 1 January 2016.
The following are the main changes made since 1 January 2015:
- IFRS 14 Regulatory Deferral Accounts.
- Accounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11).
- Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38).
- Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41).
- Equity Method in Separate Financial Statements (Amendments to IAS 27).
- Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28).
- Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28).
- Disclosure Initiative (Amendments to IAS 1).
- Annual Improvements to IFRSs 2012–2014 Cycle.
The Blue Book sells for £72 plus shipping (academic, developing country, and volume discounts apply). The publication can be purchased through the IASB web shop.
Please note that the IASB has already published editorial corrections to the Blue Book 2016 that show how to adjust the text of the book to remove those deferred September 2014 amendments to IAS 28 and IFRS 10, which are not now required for annual reporting periods beginning on 1 January 2016.