IASB Publishes Final Standards on Consolidation, Joint Ventures, and Disclosures
Published on:
13 May 2011
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Yesterday, the IASB published five new and revised standards addressing (1) the accounting for consolidations, (2) involvements in joint arrangements, and (3) disclosure of involvements with other entities. Each standard is effective for annual periods beginning on or after January 1, 2013, with earlier application permitted as long as each of the other standards in the “package of five” is also early applied.
For more details, see the article on Deloitte's IAS Plus Web site and watch for an upcoming Heads Up on the standards.
