archive-com.com » COM » I » IASPLUS.COM

Total: 1447

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Puttable instruments and obligations arising on liquidation
    are subordinate to all other classes of instruments and that entitle the holder to a pro rata share of the entity s net assets in the event of the entity s liquidation A puttable instrument is a financial instrument that gives the holder the right to put the instrument back to the issuer for cash or another financial asset or is automatically put back to the issuer on the occurrence of an uncertain future event or the death or retirement of the instrument holder Instruments or components of instruments that are subordinate to all other classes of instruments and that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation The Board also amended IAS 1 Presentation of Financial Statements to add new disclosure requirements relating to puttable instruments and obligations arising on liquidation The amendments result from proposals that were in an Exposure Draft published by the Board in June 2006 The amendments are effective for annual periods beginning on or after 1 January 2009 with earlier application permitted Click for IASB Press Release PDF 51k Related Topics Resources IASB finalised pronouncements Projects IAS 32 Puttable financial instruments Standards IAS 1 Presentation of Financial Statements IAS 32 Financial Instruments Presentation 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 We comment on two IFRIC draft Interpretations 19 Jan 2016 We comment on a number of tentative agenda decisions of the IFRS Interpretations Committee 19 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 All Related Related Publications IFRS in Focus IASB

    Original URL path: http://www.iasplus.com/en/news/2008/February/news4009 (2016-02-10)
    Open archived version from archive

  • IASB issues improvements to 20 IFRSs
    IAS 29 IAS 34 IAS 40 and IAS 41 Improvements of IFRSs for presentation recognition or measurement IFRS Topic of amendment IFRS 5 Non current Assets Held for Sale and Discontinued Operations Plan to sell the controlling interest in a subsidiary IAS 1 Presentation of Financial Statements Current non current classification of derivatives IAS 16 Property Plant and Equipment Recoverable amount Sale of assets held for rental IAS 19 Employee Benefits Curtailments and negative past service cost Plan administration costs Replacement of term fall due Guidance on contingent liabilities IAS 20 Accounting for Government Grants and Disclosure of Government Assistance Government loans with a below market rate of interest IAS 23 Borrowing Costs Components of borrowing costs IAS 27 Consolidated and Separate Financial Statements Measurement of subsidiary held for sale in separate financial statements IAS 28 Investments in Associates Required disclosures when investments in associates are accounted for at fair value through profit or loss Impairment of investment in associate IAS 29 Financial Reporting in Hyperinflationary Economies Description of measurement basis in financial statements IAS 31 Interests in Joint Ventures Required disclosures when interests in jointly controlled entities are accounted for at fair value through profit or loss IAS 36 Impairment of Assets Disclosure of estimates used to determine recoverable amount IAS 38 Intangible Assets Advertising and promotional activities Units of production method of amortisation IAS 39 Financial Instruments Recognition and Measurement Reclassification of derivatives into or out of the classification of at fair value through profit or loss Designating and documenting hedges at the segment level Applicable effective interest rate on cessation of fair value hedge accounting IAS 40 Investment Property Property under construction or development for future use as investment property IAS 41 Agriculture Discount rate for fair value calculations Additional biological transformation Related Topics Resources IASB finalised pronouncements Projects Annual improvements 2006 2008 cycle Standards IAS 20 Accounting for Government Grants and Disclosure of Government Assistance IAS 23 Borrowing Costs IAS 27 Consolidated and Separate Financial Statements 2008 IAS 28 Investments in Associates 2003 IAS 29 Financial Reporting in Hyperinflationary Economies IAS 31 Interests In Joint Ventures IAS 34 Interim Financial Reporting IAS 36 Impairment of Assets IAS 38 Intangible Assets IAS 19 Employee Benefits 1998 superseded IAS 39 Financial Instruments Recognition and Measurement IAS 40 Investment Property IAS 41 Agriculture IFRS 5 Non current Assets Held for Sale and Discontinued Operations IFRS 7 Financial Instruments Disclosures IAS 1 Presentation of Financial Statements IAS 8 Accounting Policies Changes in Accounting Estimates and Errors IAS 10 Events After the Reporting Period IAS 16 Property Plant and Equipment IAS 18 Revenue Related news 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 IASB finalises amendments to IAS 7 under its disclosure initiative 29 Jan 2016 We comment

    Original URL path: http://www.iasplus.com/en/news/2008/May/news4276 (2016-02-10)
    Open archived version from archive

  • IASB amends 12 IFRSs
    of an embedded foreign currency derivative until more analysis could be completed Consequently with the document published today all the other issues included in the three exposure drafts have been finalised or removed from the IASB s agenda The following table lists the IFRSs and topics addressed by the amendments Click for IASB Press Release PDF 45k IFRS Subject of amendment Effective for annual periods beginning IFRS 2 Share based Payment Scope of IFRS 2 and revised IFRS 3 1 July 2009 IFRS 5 Non current Assets Held for Sale and Discontinued Operations Disclosures of non current assets or disposal groups classified as held for sale or discontinued operations 1 January 2010 IFRS 8 Operating Segments Disclosure of information about segment assets 1 January 2010 IAS 1 Presentation of Financial Statements Current non current classification of convertible instruments 1 January 2010 IAS 7 Statement of Cash Flows Classification of expenditures on unrecognised assets 1 January 2010 IAS 17 Leases Classification of leases of land and buildings 1 January 2010 IAS 18 Revenue Determining whether an entity is acting as a principal or as an agent None amendment to non mandatory guidance IAS 36 Impairment of Assets Unit of accounting for goodwill impairment test 1 January 2010 IAS 38 Intangible Assets Additional consequential amendments arising from revised IFRS 3 Measuring the fair value of an intangible asset acquired in a business combination 1 July 2009 IAS 39 Financial Instruments Recognition and Measurement Treating loan prepayment penalties as closely related embedded derivatives Scope exemption for business combination contracts Cash flow hedge accounting 1 January 2010 IFRIC 9 Reassessment of Embedded Derivatives Scope of IFRIC 9 and revised IFRS 3 1 July 2009 IFRIC 16 Hedges of a Net Investment in a Foreign Operation Amendment to the restriction on the entity the entity that can hold hedging instruments 1 July 2009 Related Topics Resources IASB finalised pronouncements Projects Annual improvements 2006 2008 cycle Annual improvements 2007 2009 cycle Annual improvements 2008 2010 cycle IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments Standards IAS 1 Presentation of Financial Statements IAS 7 Statement of Cash Flows IAS 17 Leases IAS 18 Revenue IAS 36 Impairment of Assets IAS 38 Intangible Assets IAS 39 Financial Instruments Recognition and Measurement IFRS 2 Share based Payment IFRS 5 Non current Assets Held for Sale and Discontinued Operations IFRS 8 Operating Segments IFRIC 9 Reassessment of Embedded Derivatives IFRIC 16 Hedges of a Net Investment in a Foreign Operation Related news 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 IASB finalises amendments to IAS 7 under its disclosure initiative 29 Jan 2016 We comment on two IFRIC draft Interpretations 19

    Original URL path: http://www.iasplus.com/en/news/2009/April/news4603 (2016-02-10)
    Open archived version from archive

  • IASB amends seven IFRSs
    are generally permitted to adopt them earlier Click for IASB Press Release PDF 104k IFRS Subject of amendment IFRS 1 First time Adoption of IFRSs Accounting policy changes in the year of adoption Revaluation basis as deemed cost Use of deemed cost for operations subject to rate regulation IFRS 3 Business Combinations Transition requirements for contingent consideration from a business combination that occurred before the effective date of the revised IFRS Measurement of non controlling interests Un replaced and voluntarily replaced share based payment awards IFRS 7 Financial Instruments Disclosures Clarification of disclosures IAS 1 Presentation of Financial Statements Clarification of statement of changes in equity IAS 27 Consolidated and Separate Financial Statements Transition requirements for amendments arising as a result of IAS 27 IAS 34 Interim Financial Reporting Significant events and transactions IFRIC 13 Customer Loyalty Programmes Fair value of award credits Related Topics Resources IASB finalised pronouncements Projects Annual improvements 2008 2010 cycle Standards IAS 1 Presentation of Financial Statements IAS 27 Consolidated and Separate Financial Statements 2008 IAS 34 Interim Financial Reporting IFRS 1 First time Adoption of International Financial Reporting Standards IFRS 3 Business Combinations IFRS 7 Financial Instruments Disclosures IFRIC 13 Customer Loyalty Programmes 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 IPSASB publishes proposed guidance on public sector combinations 29 Jan 2016 We comment on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 We comment on two IFRIC draft Interpretations 19 Jan 2016 IASB finalises amendments regarding the recognition of deferred tax assets for unrealised losses 19 Jan 2016 All Related Related Publications IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in

    Original URL path: http://www.iasplus.com/en/news/2010/May/news6089 (2016-02-10)
    Open archived version from archive

  • Exposure Draft on statement of comprehensive income
    income statement and a statement of comprehensive income Other proposals in the ED include Items of OCI should be grouped on the basis of whether they will eventually be recycled reclassified into the profit or loss section of the statement of comprehensive income Income tax on items presented in OCI would be allocated between items that might be subsequently recycled and those that will not be recycled if the items in OCI are presented before tax which is an option The title of the statement of comprehensive income would be changed to Statement of profit or loss and other comprehensive income when referred to in IFRSs though entities could use another title such as statement of comprehensive income The proposals were jointly developed with the US Financial Accounting Standards Board FASB which is also seeking public comment on changes to the presentation of OCI as part of their recent financial instruments proposals see our earlier story The comment deadline on ED 2010 5 Presentation of Items of Other Comprehensive Income is 30 September 2010 Click for IASB Press Release PDF 100k Link to IAS Plus Project Page Related Topics Resources IASB exposure drafts Projects Financial statement presentation Other comprehensive income Standards IAS 1 Presentation of Financial Statements Related news 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 We comment on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 We comment on two IFRIC draft Interpretations 19 Jan 2016 EFRAG publishes summary report for its Conceptual Framework outreach event in Brussels 12 Jan 2016 EFRAG draft comment letter on proposed amendments to

    Original URL path: http://www.iasplus.com/en/news/2010/May/news6048 (2016-02-10)
    Open archived version from archive

  • IASB releases two new standards to complete two agenda projects
    amendment IAS 19 permitted choices on how to account for actuarial gains and losses on pensions and similar items including the so called corridor approach which resulted the deferral of gains and losses The Exposure Draft proposed eliminating the use of the corridor approach and instead mandating all remeasurement impacts be recognised in OCI with the remainder in profit or loss and in fact had proposed extending these requirements to all long term employee benefits e g certain long service leave schemes The final amendments make the OCI presentation changes in respect of pensions and similar items only but all other long term benefits are required to be measured in the same way even though changes in the recognised amount are fully reflected in profit or loss Also changed in IAS 19 is the treatment for termination benefits specifically the point in time when an entity would recognise a liability for termination benefits The final amendments do not adopt the equivalent US GAAP requirements verbatim which requires individual employees to be notified but the recognition timeframe may be extended in some cases Finally various other amendments to IAS 19 may have impacts in particular areas For instance employee benefits not settled wholly before twelve months after the end of the annual reporting period would be captured as an other long term benefit rather than a short term benefit and whilst presented as a current item in the statement of financial position would be measured differently under the amendments Summary of the amendments Amendments to IAS 1 Presentation of Financial Statements Preserve the amendments made to IAS 1 in 2007 to require profit or loss and OCI to be presented together i e either as a single statement of profit or loss and comprehensive income or a separate statement of profit or loss and a statement of comprehensive income rather than requiring a single continuous statement as was proposed in the exposure draft Require entities to group items presented in OCI based on whether they are potentially reclassifiable to profit or loss subsequently i e those that might be reclassified and those that will not be reclassified Require tax associated with items presented before tax to be shown separately for each of the two groups of OCI items without changing the option to present items of OCI either before tax or net of tax Applicable to annual periods beginning on or after 1 July 2012 with early adoption permitted Amended IAS 19 Employee Benefits Require recognition of changes in the net defined benefit liability asset including immediate recognition of defined benefit cost disaggregation of defined benefit cost into components recognition of remeasurements in other comprehensive income plan amendments curtailments and settlements Introduce enhanced disclosures about defined benefit plans Modify accounting for termination benefits including distinguishing benefits provided in exchange for service and benefits provided in exchange for the termination of employment and affect the recognition and measurement of termination benefits Clarification of miscellaneous issues including the classification of employee benefits current

    Original URL path: http://www.iasplus.com/en/news/2011/June/news6750 (2016-02-10)
    Open archived version from archive

  • IASB concludes the 2009-2011 Annual Improvements cycle
    IAS 1 Presentation of Financial Statements Clarification of the requirements for comparative information IAS 16 Property Plant and Equipment Classification of servicing equipment IAS 32 Financial Instruments Presentation Clarify that tax effect of a distribution to holders of equity instruments should be accounted for in accordance with IAS 12 Income Taxes IAS 34 Interim Financial Reporting Clarify interim reporting of segment information for total assets in order to enhance consistency with the requirements in IFRS 8 Operating Segments The amendments are effective for annual periods beginning on or after 1 January 2013 but can be applied earlier For more information please see the press release on the IASB s website or our Annual improvements page Related Topics Resources IASB finalised pronouncements Projects Annual improvements 2009 2011 cycle Standards IFRS 8 Operating Segments IAS 16 Property Plant and Equipment IAS 32 Financial Instruments Presentation IAS 34 Interim Financial Reporting IFRS 1 First time Adoption of International Financial Reporting Standards IAS 1 Presentation of Financial Statements IAS 12 Income Taxes 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 We comment on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 We comment on two IFRIC draft Interpretations 19 Jan 2016 We comment on a number of tentative agenda decisions of the IFRS Interpretations Committee 19 Jan 2016 IASB finalises amendments regarding the recognition of deferred tax assets for unrealised losses 19 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 Deloitte comment letter on the IASB s

    Original URL path: http://www.iasplus.com/en/news/2012/may/iasb-concludes-the-2009-2011-annual-improvements-cycle (2016-02-10)
    Open archived version from archive

  • Deloitte e-learning — IAS 1
    Publication Directory Global publications Member firm publications Non English publications Third party publications IFRS e learning Info Deloitte e learning IAS 1 Published on 06 May 2013 This Deloitte e learning module provides training in the background scope and principles under IAS 1 Presentation of Financial Statements and the application of this Standard Topics covered include financial statements aggregation and set off classifying items as current or non current classifying items between profit or loss and other comprehensive income items disclosed on the face of the statement of changes in equity items disclosed and the notes nature of information and key assumptions required to complete the set of financial statements The e learning module can be accessed here Note You may be asked to register to access the module no personally identifying information is requested in the registration process Related Topics Publication series Deloitte IFRS e learning Standards IAS 1 Presentation of Financial Statements Quick links IAS 1 Presentation of Financial Statements All e learning modules Related news We comment on two IFRIC draft Interpretations 19 Jan 2016 European Union formally adopts amendments to IAS 1 21 Dec 2015 18th ESMA enforcement decisions report released 25 Nov 2015 EFRAG draft comment letter on DI 2015 1 17 Nov 2015 IFRS Interpretations Committee publishes draft interpretation on accounting for uncertainties in income taxes 21 Oct 2015 IASB publishes editorial corrections 22 Sep 2015 All Related Related Publications Deloitte comment letter on IFRIC draft Interpretation 2015 1 Uncertainty over income tax treatments 19 Jan 2016 EFRAG endorsement status report 21 December 2015 21 Dec 2015 IFRS in Focus IASB publishes a draft Interpretation of IAS 12 Income Taxes Uncertainty over income tax treatments 28 Oct 2015 EFRAG endorsement status report 4 September 2015 07 Sep 2015 All Related Related Discussions Disclosure initative

    Original URL path: http://www.iasplus.com/en/publications/e-learning/ias-1 (2016-02-10)
    Open archived version from archive



  •