IFRS in Focus — Closing out 2010
This special edition of IFRS in Focus provides an overview of new and revised International Financial Reporting Standards (IFRSs) and Interpretations issued by the IFRS Interpretations Committee (the “Committee” or “IFRIC”) that are effective for December 2010 calendar year-ends and subsequent accounting periods.
There are no new standards that are effective this year on a mandatory basis. There are, however, two interpretations as well as two revised standards and various amendments to existing standards that are effective this year.