Japan updates list of 'designated' IFRSs

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03 May 2017

The Financial Services Agency (FSA) of Japan has announced that additional IFRSs issued up until 31 December 2016 were designated for use by companies voluntarily applying IFRSs in Japan.

Among the newly designated IFRS is also IFRIC 22 Foreign Currency Transactions and Advance Consideration issued by the IASB in December 2016.

For more information, see the press release (in Japanese only) on the FSA website.

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