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  • IFRS in Focus — IASB issues amendments to IAS 12 to clarify the recognition of deferred tax assets for unrealised losses related to debt instruments measured at fair value
    Info IFRS in Focus IASB issues amendments to IAS 12 to clarify the recognition of deferred tax assets for unrealised losses related to debt instruments measured at fair value Published on 20 Jan 2016 This newsletter outlines the recent amendments to IAS 12 Income Taxes issued by the IASB Download Related Topics Publication series IFRS in Focus Resources International Accounting Standards Board IASB Projects IAS 12 Recognition of deferred tax assets for unrealised losses Standards IAS 12 Income Taxes Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 IFRS industry insights Telecommunications sector Implications of the new leasing standard 21 Jan 2016 All Related Related Discussions IAS 12 Recognition of deferred taxes 12 Jan 2016 IAS 12 Income tax consequences of interest payments on and issuing costs of financial instruments that are classified as equity 10 Nov 2015 IFRS implementation issues 22 Jul 2015 IAS 12 Recognition of deferred taxes for the effect of exchange rate changes 14 Jul 2015 All Related Related Dates

    Original URL path: http://www.iasplus.com/en/publications/global/ifrs-in-focus/2016/ias-12-amendments (2016-02-10)
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  • New Interpretation on accounting for levies
    IASB ratified the Interpretation at its April 2013 meeting Requirements of the Interpretation IFRIC 21 identifies the obligating event for the recognition of a liability as the activity that triggers the payment of the levy in accordance with the relevant legislation The Interpretation clarifies that economic compulsion and the going concern principle do not create or imply that an obligating event has occurred IFRIC 21 provides the following guidance on recognition of a liability to pay levies The liability is recognised progressively if the obligating event occurs over a period of time If an obligation is triggered on reaching a minimum threshold the liability is recognised when that minimum threshold is reached The same recognition principles are applied in interim financial reports The Interpretation provides numerous examples to provide guidance on its application For instance the Interpretation provides the example of a levy that is triggered by operating as a bank at the end of the reporting period In applying the requirements of the Interpretation the obligating event is considered to be operating as a bank on the last day of the reporting period and so the liability for the levy is not recognised prior to that date Furthermore the levy would only be recognised in any interim report that covers the period including the last day of the annual reporting period A full summary and history of the Interpretation can be found on our summary page for IFRIC 21 Changes made in finalising the Interpretation The IFRS Interpretations Committee made a number of changes from the original proposals in Draft Interpretation DI 2012 1 Levies Charged by Public Authorities on Entities that Operate in a Specific Market as a result of its redeliberations including Broadening the scope to include all levies rather than a focus on levies charged to participate in a market New guidance on how to account for levies that have a minimum threshold Removing guidance on determining whether a liability to pay a levy gives rise to an asset or expense Excluding emissions trading schemes from the scope of the Interpretation as this topic is subject to an IASB project Interaction with other pronouncements and effective date The Interpretation does not supersede IFRIC 6 Liabilities arising from Participating in a Specific Market Waste Electrical and Electronic Equipment which remains in force and is consistent with IFRIC 21 The IFRS Interpretations Committee believes IFRIC 6 provides useful information on accounting for liabilities within its scope IFRIC 21 is effective for annual periods beginning on or after 1 January 2014 Initial application is in accordance with the requirements of IAS 8 Accounting Policies Changes in Accounting Estimates and Errors i e the requirements are applied on a retrospective basis Please click for Press release on the IASB website Our IAS Plus summary of IFRIC 21 Levies Information on the project leading to the issue of the Interpretation Related Topics Resources IASB finalised pronouncements IFRS Interpretations Committee International Accounting Standards Board IASB Projects IAS 37 IFRIC 6 Levies charged

    Original URL path: http://www.iasplus.com/en/news/2013/05/levies (2016-02-10)
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  • IFRS in Focus — New IFRIC Interpretation on Levies
    Levies Published on 30 May 2013 This newsletter outlines the requirements of the IFRIC Interpretation IFRIC 21 Levies which was issued on 20 May 2013 Download Related Topics Publication series IFRS in Focus Resources IFRS Interpretations Committee International Accounting Standards Board IASB IASB finalised pronouncements Projects IAS 37 IFRIC 6 Levies charged for participation in a market on a specified date Standards IAS 37 Provisions Contingent Liabilities and Contingent Assets IFRIC 6 Liabilities Arising from Participating in a Specific Market Waste Electrical and Electronic Equipment Quick links IFRIC 21 Levies New Interpretation on accounting for levies Project leading to the issue of the Interpretation Japanese translation of this publication French translation of this publication Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 All Related Related Discussions IFRS implementation issues 17 Feb 2016 IFRS implementation issues 22 Sep 2015 Provisions and contingent liabilities IAS 37 research project education session 23 Jul 2015 Administrative session

    Original URL path: http://www.iasplus.com/en/publications/global/ifrs-in-focus/2013/levies (2016-02-10)
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  • Effective dates of Interpretations
    on or after 1 March 2005 IFRIC 3 was withdrawn by the IASB in June 2005 IFRIC 4 Determining Whether an Arrangement Contains a Lease Annual periods beginning on or after 1 January 2006 IFRIC 5 Rights to Interests arising from Decommissioning Restoration and Environmental Rehabilitation Funds Annual periods beginning on or after 1 January 2006 IFRIC 6 Liabilities Arising from Participating in a Specific Market Waste Electrical and Electronic Equipment Periods beginning on or after 1 December 2005 IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies Annual periods beginning on or after 1 March 2006 IFRIC 8 Scope of IFRS 2 Annual periods beginning on or after 1 May 2006 Withdrawn as of 1 January 2010 IFRIC 9 Reassessment of Embedded Derivatives Annual periods beginning on or after 1 June 2006 IFRIC 9 Reassessment of Embedded Derivatives Amendments resulting from April 2009 Annual Improvements to IFRSs Annual periods beginning on or after 1 July 2009 IFRIC 10 Interim Financial Reporting and Impairment Annual periods beginning on or after 1 November 2006 IFRIC 11 IFRS 2 Group and Treasury Share Transactions Annual periods beginning on or after 1 March 2007 Withdrawn as of 1 January 2010 IFRIC 12 Service Concession Arrangements Annual periods beginning on or after 1 January 2008 IFRIC 13 Customer Loyalty Programmes Annual periods beginning on or after 1 July 2008 IFRIC 13 Customer Loyalty Programmes Amendments resulting from May 2010 Annual Improvements to IFRSs Annual periods beginning on or after 1 January 2011 IFRIC 14 IAS 19 The Limit on a Defined Benefit Asset Minimum Funding Requirements and their Interaction Annual periods beginning on or after 1 January 2008 IFRIC 14 IAS 19 The Limit on a Defined Benefit Asset Minimum Funding Requirements and their Interaction November 2009 Amendments with respect to voluntary prepaid contributions Annual periods beginning on or after 1 January 2011 IFRIC 15 Agreements for the Construction of Real Estate Annual periods beginning on or after 1 January 2009 IFRIC 16 Hedges of a Net Investment in a Foreign Operation Annual periods beginning on or after 1 October 2008 IFRIC 16 Hedges of a Net Investment in a Foreign Operation Amendments resulting from April 2009 Annual Improvements to IFRSs Annual periods beginning on or after 1 July 2009 IFRIC 17 Distributions of Non cash Assets to Owners Annual periods beginning on or after 1 July 2009 IFRIC 18 Transfers of Assets from Customers Transfers received on or after 1 July 2009 IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments Annual periods beginning on or after 1 July 2010 IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine Annual periods beginning on or after 1 January 2013 IFRIC 21 Levies Annual periods beginning on or after 1 January 2014 Information about effective dates of recent Standards Quick links Effective date of IFRSs and amendments IFRS Interpretations Committee New and revised pronouncements Related news New and revised pronouncements as at 31 December 2015 11 Dec 2015

    Original URL path: http://www.iasplus.com/en/standards/effective-dates/interp1 (2016-02-10)
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  • New and revised pronouncements as at 30 September 2015
    provide investment entities as defined an exemption from the consolidation of particular subsidiaries and instead require that an investment entity measure the investment in each eligible subsidiary at fair value through profit or loss in accordance with IFRS 9 Financial Instruments or IAS 39 Financial Instruments Recognition and Measurement require additional disclosure about why the entity is considered an investment entity details of the entity s unconsolidated subsidiaries and the nature of relationship and certain transactions between the investment entity and its subsidiaries require an investment entity to account for its investment in a relevant subsidiary in the same way in its consolidated and separate financial statements or to only provide separate financial statements if all subsidiaries are unconsolidated Issued 31 October 2012 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 January 2014 First quarters ending 30 September 2015 Note 1 Second quarters ending 30 September 2015 Note 1 Third quarters ending 30 September 2015 Note 1 Annual periods ending 30 September 2015 Mandatory Recoverable Amount Disclosures for Non Financial Assets Amendments to IAS 36 Amends IAS 36 Impairment of Assets to reduce the circumstances in which the recoverable amount of assets or cash generating units is required to be disclosed clarify the disclosures required and to introduce an explicit requirement to disclose the discount rate used in determining impairment or reversals where recoverable amount based on fair value less costs of disposal is determined using a present value technique Issued 29 May 2013 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 January 2014 First quarters ending 30 September 2015 Note 1 Second quarters ending 30 September 2015 Note 1 Third quarters ending 30 September 2015 Note 1 Annual periods ending 30 September 2015 Mandatory Novation of Derivatives and Continuation of Hedge Accounting Amendments to IAS 39 Amends IAS 39 Financial Instruments Recognition and Measurement to make it clear that there is no need to discontinue hedge accounting if a hedging derivative is novated provided certain criteria are met A novation indicates an event where the original parties to a derivative agree that one or more clearing counterparties replace their original counterparty to become the new counterparty to each of the parties In order to apply the amendments and continue hedge accounting novation to a central counterparty CCP must happen as a consequence of laws or regulations or the introduction of laws or regulations Issued 27 June 2013 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 January 2014 First quarters ending 30 September 2015 Note 1 Second quarters ending 30 September 2015 Note 1 Third quarters ending 30 September 2015 Note 1 Annual periods ending 30 September 2015 Mandatory Defined Benefit Plans Employee Contributions Amendments to IAS 19 Amends IAS 19 Employee Benefits to clarify the requirements that relate to how contributions from employees or third parties that are linked to service should be attributed to periods of service In addition it permits a practical expedient if the amount of the contributions is independent of the number of years of service in that contributions can but are not required to be recognised as a reduction in the service cost in the period in which the related service is rendered Issued 21 November 2013 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 July 2014 First quarters ending 30 September 2015 Note 1 Second quarters ending 30 September 2015 Mandatory Third quarters ending 30 September 2015 Mandatory Annual periods ending 30 September 2015 Mandatory Annual Improvements 2010 2012 Cycle Makes amendments to the following standards IFRS 2 Amends the definitions of vesting condition and market condition and adds definitions for performance condition and service condition IFRS 3 Require contingent consideration that is classified as an asset or a liability to be measured at fair value at each reporting date IFRS 8 Requires disclosure of the judgements made by management in applying the aggregation criteria to operating segments clarify reconciliations of segment assets only required if segment assets are reported regularly IFRS 13 Clarify that issuing IFRS 13 and amending IFRS 9 and IAS 39 did not remove the ability to measure certain short term receivables and payables on an undiscounted basis amends basis for conclusions only IAS 16 and IAS 38 Clarify that the gross amount of property plant and equipment is adjusted in a manner consistent with a revaluation of the carrying amount IAS 24 Clarify how payments to entities providing management services are to be disclosed Issued 12 December 2013 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 July 2014 First quarters ending 30 September 2015 Note 1 Second quarters ending 30 September 2015 Mandatory Third quarters ending 30 September 2015 Mandatory Annual periods ending 30 September 2015 Mandatory Annual Improvements 2011 2013 Cycle Makes amendments to the following standards IFRS 1 Clarify which versions of IFRSs can be used on initial adoption amends basis for conclusions only IFRS 3 Clarify that IFRS 3 excludes from its scope the accounting for the formation of a joint arrangement in the financial statements of the joint arrangement itself IFRS 13 Clarify the scope of the portfolio exception in paragraph 52 IAS 40 Clarifying the interrelationship of IFRS 3 and IAS 40 when classifying property as investment property or owner occupied property Issued 12 December 2013 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 July 2014 First quarters ending 30 September 2015 Note 1 Second quarters ending 30 September 2015 Mandatory Third quarters ending 30 September 2015 Mandatory Annual periods ending 30 September 2015 Mandatory Accounting for Acquisitions of Interests in Joint Operations Amendments to IFRS 11 Amends IFRS 11 Joint Arrangements to require an acquirer of an interest in a joint operation in which the activity constitutes a business as defined in IFRS 3 Business Combinations to apply all of the business combinations accounting principles in IFRS 3 and other IFRSs except for those principles that conflict with the guidance in IFRS 11 disclose the information required by IFRS 3 and other IFRSs for business combinations The amendments apply both to the initial acquisition of an interest in joint operation and the acquisition of an additional interest in a joint operation in the latter case previously held interests are not remeasured Note The amendments apply prospectively to acquisitions of interests in joint operations in which the activities of the joint operations constitute businesses as defined in IFRS 3 for those acquisitions occurring from the beginning of the first period in which the amendments apply Amounts recognised for acquisitions of interests in joint operations occurring in prior periods are not adjusted Issued 6 May 2014 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 January 2016 see note in previous column see note above Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September 2015 Optional Annual periods ending 30 September 2015 Optional Clarification of Acceptable Methods of Depreciation and Amortisation Amendments to IAS 16 and IAS 38 Amends IAS 16 Property Plant and Equipment and IAS 38 Intangible Assets to clarify that a depreciation method that is based on revenue that is generated by an activity that includes the use of an asset is not appropriate for property plant and equipment introduce a rebuttable presumption that an amortisation method that is based on the revenue generated by an activity that includes the use of an intangible asset is inappropriate which can only be overcome in limited circumstances where the intangible asset is expressed as a measure of revenue or when it can be demonstrated that revenue and the consumption of the economic benefits of the intangible asset are highly correlated add guidance that expected future reductions in the selling price of an item that was produced using an asset could indicate the expectation of technological or commercial obsolescence of the asset which in turn might reflect a reduction of the future economic benefits embodied in the asset Issued 12 May 2014 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 January 2016 Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September 2015 Optional Annual periods ending 30 September 2015 Optional Agriculture Bearer Plants Amendments to IAS 16 and IAS 41 Amends IAS 16 Property Plant and Equipment and IAS 41 Agriculture to include bearer plants within the scope of IAS 16 rather than IAS 41 allowing such assets to be accounted for a property plant and equipment and measured after initial recognition on a cost or revaluation basis in accordance with IAS 16 introduce a definition of bearer plants as a living plant that is used in the production or supply of agricultural produce is expected to bear produce for more than one period and has a remote likelihood of being sold as agricultural produce except for incidental scrap sales clarify that produce growing on bearer plants remains within the scope of IAS 41 Issued 30 June 2014 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 January 2016 Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September 2015 Optional Annual periods ending 30 September 2015 Optional Equity Method in Separate Financial Statements Amendments to IAS 27 Amends IAS 27 Separate Financial Statements to permit investments in subsidiaries joint ventures and associates to be optionally accounted for using the equity method in separate financial statements Issued 18 August 2014 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 January 2016 Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September 2015 Optional Annual periods ending 30 September 2015 Optional Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Amendments to IFRS 10 and IAS 28 Amends IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures 2011 to clarify the treatment of the sale or contribution of assets from an investor to its associate or joint venture as follows require full recognition in the investor s financial statements of gains and losses arising on the sale or contribution of assets that constitute a business as defined in IFRS 3 Business Combinations require the partial recognition of gains and losses where the assets do not constitute a business i e a gain or loss is recognised only to the extent of the unrelated investors interests in that associate or joint venture These requirements apply regardless of the legal form of the transaction e g whether the sale or contribution of assets occurs by an investor transferring shares in an subsidiary that holds the assets resulting in loss of control of the subsidiary or by the direct sale of the assets themselves Issued 11 September 2014 Article Newsletter Effective date Applicable on a prospective basis to a sale or contribution of assets occurring in annual periods beginning on or after 1 January 2016 Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September 2015 Optional Annual periods ending 30 September 2015 Optional Annual Improvements 2012 2014 Cycle Makes amendments to the following standards IFRS 5 Adds specific guidance in IFRS 5 for cases in which an entity reclassifies an asset from held for sale to held for distribution or vice versa and cases in which held for distribution accounting is discontinued IFRS 7 Additional guidance to clarify whether a servicing contract is continuing involvement in a transferred asset and clarification on offsetting disclosures in condensed interim financial statements IAS 9 Clarify that the high quality corporate bonds used in estimating the discount rate for post employment benefits should be denominated in the same currency as the benefits to be paid IAS 34 Clarify the meaning of elsewhere in the interim report and require a cross reference Issued 25 September 2014 Article Newsletter Effective date Applicable to annual periods beginning on or after 1 July 2016 Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September e 2015 Optional Annual periods ending 30 September 2015 Optional Disclosure Initiative Amendments to IAS 1 Amends IAS 1 Presentation of Financial Statements to address perceived impediments to preparers exercising their judgement in presenting their financial reports by making the following changes clarification that information should not be obscured by aggregating or by providing immaterial information materiality considerations apply to the all parts of the financial statements and even when a standard requires a specific disclosure materiality considerations do apply clarification that the list of line items to be presented in these statements can be disaggregated and aggregated as relevant and additional guidance on subtotals in these statements and clarification that an entity s share of OCI of equity accounted associates and joint ventures should be presented in aggregate as single line items based on whether or not it will subsequently be reclassified to profit or loss additional examples of possible ways of ordering the notes to clarify that understandability and comparability should be considered when determining the order of the notes and to demonstrate that the notes need not be presented in the order so far listed in paragraph 114 of IAS 1 Issued 18 December 2014 Article Newsletter Effective date Effective for annual periods beginning on or after 1 January 2016 Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September 2015 Optional Annual periods ending 30 September 2015 Optional Investment Entities Applying the Consolidation Exception Amendments to IFRS 10 IFRS 12 and IAS 28 Amends IFRS 10 Consolidated Financial Statements IFRS 12 Disclosure of Interests in Other Entities and IAS 28 Investments in Associates and Joint Ventures 2011 to address issues that have arisen in the context of applying the consolidation exception for investment entities by clarifying the following points The exemption from preparing consolidated financial statements for an intermediate parent entity is available to a parent entity that is a subsidiary of an investment entity even if the investment entity measures all of its subsidiaries at fair value A subsidiary that provides services related to the parent s investment activities should not be consolidated if the subsidiary itself is an investment entity When applying the equity method to an associate or a joint venture a non investment entity investor in an investment entity may retain the fair value measurement applied by the associate or joint venture to its interests in subsidiaries An investment entity measuring all of its subsidiaries at fair value provides the disclosures relating to investment entities required by IFRS 12 Issued 18 December 2014 Article Newsletter Effective date Effective for annual periods beginning on or after 1 January 2016 Not yet endorsed for use in the EU First quarters ending 30 September 2015 Optional Second quarters ending 30 September 2015 Optional Third quarters ending 30 September 2015 Optional Annual periods ending 30 September 2015 Optional Editorial Corrections various The IASB periodically issues Editorial Corrections and changes to IFRSs and other pronouncements Since the beginning of calendar 2013 such corrections have been made in March 2013 September 2013 November 2013 March 2014 September 2014 December 2014 and March 2015 Note For details of these editorial corrections see our IASB editorial corrections page Effective date As minor editorial corrections these changes are effectively immediately applicable under IFRS See comment in previous column New and revised Interpretations New or revised pronouncement When effective Application at 30 September 2015 to 1st qtrs 2nd qtrs 3rd qtrs Full yrs IFRIC 21 Levies Provides guidance on when to recognise a liability for a levy imposed by a government both for levies that are accounted for in accordance with IAS 37 Provisions Contingent Liabilities and Contingent Assets and those where the timing and amount of the levy is certain The Interpretation identifies the obligating event for the recognition of a liability as the activity that triggers the payment of the levy in accordance with the relevant legislation It provides the following guidance on recognition of a liability to pay levies The liability is recognised progressively if the obligating event occurs over a period of time If an obligation is triggered on reaching a minimum threshold the liability is recognised when that minimum threshold is reached Issued 20 May 2013 Summary of IFRIC 21 Article Newsletter Effective date Applies to annual periods beginning on or after 1 January 2014 First quarters ending 30 September 2015 Note 1 Second quarters ending 30 September 2015 Note 1 Third quarters ending 30 September 2015 Note 1 Annual periods ending 30 September 2015 Mandatory Pronouncements where the European Union has adopted an mandatory application date later than the IASB Entities applying IFRSs as promulgated by the IASB have already applied the standards listed in the table below in previous reporting periods This table does not include pronouncements that have not yet been endorsed for use within the EU this includes IFRS 9 IFRS 14 and IFRS 15 Note that earlier application of the pronouncements below is permitted in the EU so EU companies can adopt in accordance with the IASB effective date New or revised pronouncement When effective in EU Application in EU at 30 September 2015 to 1st qtrs 2nd qtrs 3rd qtrs Full yrs IFRS 10 Consolidated Financial Statements Requires a parent to present consolidated financial statements as those of a single economic entity replacing the

    Original URL path: http://www.iasplus.com/en/othernews/new-and-revised/september-2015 (2016-02-10)
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  • IFRS in your pocket 2015
    up to April 2015 This 116 page guide in cludes in for ma tion about The IASB or ga ni za tion its struc ture mem ber ship due process contact in for ma tion and a chronol ogy Use of IFRSs around the world in clud ing updates on Europe United States Canada and else where in the Amer i cas and Asia Pa cific Recent pro nounce ments those which are ef fec tive and those which can be early adopted Sum maries of current Stan dards and related In ter pre ta tions as well as the Con cep tual Frame work for Fi nan cial Re port ing and the Preface to IFRSs IASB agenda pro jects and active re search topics IFRS In ter pre ta tions Com mit tee current agenda topics Other useful IASB re lated in for ma tion Please note that the file below is an interactive PDF A printable version is also available Download Related Topics Publication series IFRS in your pocket Resources IASB finalised pronouncements Background to International Financial Reporting Standards IFRSs Standards Effective dates of IFRSs and amendments Effective dates of Interpretations Quick links Translations of this edition Related news 2016 IFRS Red Book coming in March 09 Feb 2016 IASB finalises amendments to IAS 7 under its disclosure initiative 29 Jan 2016 IASB finalises amendments regarding the recognition of deferred tax assets for unrealised losses 19 Jan 2016 IASB issues new leasing standard 13 Jan 2016 IASB announces IFRS 16 release date 06 Jan 2016 2016 IFRS Blue Book now available 21 Dec 2015 All Related Related Publications IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status

    Original URL path: http://www.iasplus.com/en/publications/global/ifrs-in-your-pocket/2015 (2016-02-10)
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  • IASB announces IFRS 16 release date
    IFRS 16 on 13 January 2016 The IASB also announced two live web presentations introducing the new standard which will occur on the same day The IASB will present a morning and an afternoon web presentation discussing IFRS 16 Leases to accommodate stakeholders in time zones around the world Both 45 minute web presentations will provide an overview of the new requirements and will allow participants to ask questions Registration is required on the IASB s website for the 13 January web presentations Session at 9 00 GMT Session at 15 00 GMT Stay tuned to IAS Plus for information on IFRS 16 we will have timely comprehensive coverage of the new leases standard to help readers understand the requirements and implications Related Topics Resources IASB finalised pronouncements International Accounting Standards Board IASB Projects Leases IFRS 16 Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 All Related Related Discussions Leases 20 Oct 2015

    Original URL path: http://www.iasplus.com/en/news/2016/01/ifrs-16-webcasts (2016-02-10)
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  • 2016 IFRS 'Blue Book' now available
    Accounts Accounting for Acquisitions of Interests in Joint Operations Amendments to IFRS 11 Clarification of Acceptable Methods of Depreciation and Amortisation Amendments to IAS 16 and IAS 38 Agriculture Bearer Plants Amendments to IAS 16 and IAS 41 Equity Method in Separate Financial Statements Amendments to IAS 27 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Amendments to IFRS 10 and IAS 28 Investment Entities Applying the Consolidation Exception Amendments to IFRS 10 IFRS 12 and IAS 28 Disclosure Initiative Amendments to IAS 1 Annual Improvements to IFRSs 2012 2014 Cycle The Blue Book sells for 72 plus shipping academic de vel op ing country and volume discounts apply The pub li ca tion can be purchased through the IASB web shop Please note that the IASB has already published editorial corrections to the Blue Book 2016 that show how to adjust the text of the book to remove those deferred September 2014 amendments to IAS 28 and IFRS 10 which are not now required for annual reporting periods beginning on 1 January 2016 Related Topics Resources IASB finalised pronouncements IFRS Foundation Related news 2016 IFRS Red Book coming in March 09 Feb 2016 IFRS Foundation Trustees hold January 2016 meeting 05 Feb 2016 IASB finalises amendments to IAS 7 under its disclosure initiative 29 Jan 2016 IFRS Foundation translations 27 Jan 2016 IFRS Foundation publishes proposed IFRS Taxonomy update for IFRS 16 Leases 21 Jan 2016 Agenda published for the January 2016 IFRS Foundation Trustees meeting 20 Jan 2016 All Related Related Publications IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 IFRS industry insights Telecommunications

    Original URL path: http://www.iasplus.com/en/news/2015/12/2016-blue-book (2016-02-10)
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