This approach would, if finalised, significantly affect the manner in which entities determine whether to classify many financial instruments as liabilities or equity and account for exercises of options and conversions of debt into equity instruments. Click to download Heads Up Newsletter (PDF 127k).

 

These financial statements are a translation of the English language version. Click to download Minta pénzügyi kimutatások 2009 (PDF 1,221k). There are permanent links to all of our model IFRS financial statements Here.

 

We post these regularly on our IAS Plus Insurance Project Page. Deloitte (Germany) is translating selected insurance newsletters into German. The latest is:

• (PDF 371k)Translation of UK Issue 12: (PDF 130k)

All of the earlier insurance newsletters available in German are on our Germany Country Page.

For the last six years Mr Pacter has served as Director of Small and Medium sized Entities (SMEs) for the IASB. He has also been webmaster of IAS Plus since its inception in December 2000. Mr Pacter has expressed his desire to limit his IASB term to two years, rather than the customary five year term that he was offered by the Trustees, and will therefore serve full-time from 1 July 2010 to 30 June 2012. As an IASB member, he will continue to chair the new SME Implementation Group on behalf of the IASB.

Click for Press Release (PDF 152k).

 

In November 2009, the two Boards issued a Joint Statement reaffirming their commitment to improve IFRSs and US GAAP and to bring about their convergence. As part of that commitment, the Boards committed to monthly joint meetings and agreed to publish quarterly updates on progress toward convergence. Click to Download the Latest Quarterly Progress Report (PDF 69k).

 

This issue is titled Standard-Setting Crunch Time. It focuses on the meetings in March 2010 between the IASB and the FASB to discuss the insurance contracts project. The newsletter summarises the matters discussed, decisions reached, and disagreements between the two boards, and notes: "After an intense schedule of joint meetings discussing insurance in March, it now appears unlikely that the exposure draft (ED) on insurance accounting will be published in May as planned." Click to download Issue 13 of the Insurance Accounting Newsletter (PDF 115k). There are permanent links all issues of the newsletter on IAS Plus Insurance Project Page.

 

Additionally, the Jordanian Securities Commission requires all public companies to follow full IFRSs. Consequently, all companies in Jordan (listed and unlisted) follow IFRSs. As the IFRS for SMEs is an IFRS, the IFRS for SMEs may be used by all companies other than those regulated by the Jordanian Securities Commission. No special adoption of the IFRS for SMEs is needed yet in Jordan.

This work will assist IFAC member bodies, regulators, employers, academics, and students by prescribing principles for the learning and development of a professional accountant. The focus of IAESB activities will be on the following:

• Revising the IESs in consideration of the IAESB's drafting conventions project, which compiled stakeholder feedback on improving the clarity of the standards;
• Developing implementation guidance for the measurable implementation of the IESs, competency frameworks, and quality control measures for education providers; and
• Promoting greater awareness among academics, regulators, and others of the IAESB's pronouncements and its role in advancing international debate on emerging issues relating to the development and assessment of professional accountants.

Click to view Strategy and Work Plan for 2010-2012 (PDF 136k, download from IFAC website).

 

This 45-page guide to the IFRS for SMEs is similar to Deloitte's very popular IFRSs in Your Pocket guide to full IFRSs. IFRS for SMEs in Your Pocket takes each section of the IFRS for SMEs, summarises its requirements, and highlights differences with full IFRS requirements. There is also a chronology of the development of the IFRS for SMEs and a discussion of how the IFRS for SMEs differs from full IFRSs. Click to download IFRS for SMEs in Your Pocket (Global Edition) (PDF 406k).