ASBJ publishes proposed amendments to 'Japan’s Modified International Standards'

  • ASBJ (Accounting Standards Board of Japan) Image

06 Dec 2016

The Accounting Standards Board of Japan (ASBJ) has completed consideration of IASB pronouncements as at 30 September 2016 and proposes additional amendments to 'Japan’s Modified International Standards (JMIS)'.

The ED proposes the adoption of IFRS 14 Regulatory Deferral Accounts. It also notes that the endorsement process for the following pronouncements has not yet started:

  • IFRS 15 Revenue from Contracts with Customers
  • Effective Date of IFRS 15
  • Clarifications to IFRS 15 'Revenue from Contracts with Customers'
  • IFRS 9 Financial Instruments (2014)
  • Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)
  • Effective Date of Amendments to IFRS 10 and IAS 28
  • IFRS 16 Leases
  • Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)
  • Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts' (Amendments to IFRS 4)

Please click for access to all exposure documents as well as a press release on the ASBJ website (all documents available in the English language).

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