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  • EU endorsement of IFRS 9 now expected in the second half of 2016
    now expected in the second half of 2016 04 Feb 2016 The European Financial Reporting Advisory Group EFRAG has published an updated endorsement status report indicating the EU endorsement of IFRS 9 Financial Instruments is now expected in the second half of 2016 So far the report had stated that endorsement of IFRS 9 is expected in the first half of 2016 The deferral is a result of deadlines within the European endorsement process and is not primarily technically motivated Please click to access the updated status report Related Topics Resources Adoption of IFRS by country EFRAG IFRS endorsement status reports IFRSs in Europe Events of 2016 Standards IFRS 9 Financial Instruments 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 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 EBA launches an impact assessment of IFRS 9 on banks 28 Jan 2016 We comment on a number of tentative agenda decisions of the IFRS Interpretations Committee 19 Jan 2016 Roadmap drawn up for IFRS convergence of Indian banks and insurers 19 Jan 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 EFRAG endorsement status report 3 February 2016 04 Feb 2016 Insurance webcast 55 The proposed solution to the de coupling of IFRS 9 and IFRS 4 Phase II 03 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 All Related Related Discussions IFRS 9 Transition issues relating to hedging 12 Jan 2016 IFRS 9 Determining hedge effectiveness for net investment hedges 11 Nov 2015 IFRS 9 IAS 28 Is measurement

    Original URL path: http://www.iasplus.com/en/news/2016/02/endorsement-of-ifrs-9 (2016-02-10)
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  • FASB constituents of the TRG will continue to meet
    by the Northwestern Pritzker School of Law about the implementation of the new revenue standard Mr Bricker noted that the SEC staff continues to support the TRG as a mechanism to promote more consistent application of the new revenue standard While the IASB will no longer attend TRG meetings the FASB will continue to address implementation issues and has scheduled three TRG meetings for 2016 Mr Bricker noted that the SEC staff attends TRG meetings and will use the discussions as a basis to assess the appropriateness of domestic and foreign registrants revenue recognition policies For more information see Deloitte s journal entry Related Topics Resources Joint Transition Resource Group for Revenue Recognition US Securities and Exchange Commission SEC Financial Accounting Standards Board FASB International Accounting Standards Board IASB Standards IFRS 15 Revenue from Contracts with Customers 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 FASB adds four projects to research agenda 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 Heads Up FASB proposes guidance on cash flow classification 04 Feb 2016 New revenue standard SEC staff remarks about transition resource group activities 02 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 All Related Related Discussions Revenue from contracts with customers

    Original URL path: http://www.iasplus.com/en/news/2016/02/sec-fasb-trg (2016-02-10)
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  • Projets
    utiliser un autre navigateur tel que Google Chrome ou Mozilla Firefox IAS Plus IAS plus Canada Français International English International Deutsch Canada English Canada Français États Unis English Royaume Uni English Bienvenue Mon compte Quitter IAS Plus Canada Français International English International Deutsch Canada English Canada Français États Unis English Royaume Uni English Toggle navigation Search site Toggle navigation Accueil À propos de CIF Nouvelles Publications Normes Projets Ressources Toggle navigation Search site Navigation Normes Nouvelles Projets Certification Partie I IFRS Partie II NCECF Partie III NCOSBL Secteur public Valeurs mobilières Publications Ressources Info Projets Consulter les projets pour les référentiels de l information financière suivants Partie I Normes internationales d information financière Partie II Normes comptables pour les entreprises à capital fermé Partie III Normes comptables pour les organismes sans but lucratif Normes de comptabilité pour le secteur public Valeurs mobilières Certification Communiquez avec nous Reconnaissance À propos de CIF Juridique Confidentialité Le contenu du présent site Web est la propriété exclusive de Deloitte Global Services Limited ou d un cabinet membre de Deloitte Touche Tohmatsu Limited ou de l une de leurs entités liées 2015 Pour toute information juridique y compris sur les droits d auteur reportez vous

    Original URL path: http://www.iasplus.com/fr-ca/projets?set_language=fr-ca (2016-02-10)
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  • Projects
    as a basis for accounting standards this project was suspended and replaced in 2012 by an IASB only comprehensive project Conceptual Framework Phase F Purpose and status Part of the IASB FASB comprehensive project on the Conceptual Framework dealing with the Conceptual Framework s authoritative status with the goal of developing a framework that is of comparable authority for the use of both the IASB and FASB in the standard setting process This project was discontinued when the overall IASB FASB project was replaced by an IASB only comprehensive project during 2012 Conceptual Framework Phase A Objective and qualitative characteristics Completed 2010 Part of the comprehensive project on the Conceptual Framework dealing with topics such as stewardship primary users and attributes that make financial information useful Conceptual Framework for Financial Reporting 2010 was issued on 28 September 2010 Conceptual Framework Phase E Presentation and disclosure Part of the IASB FASB comprehensive project on the Conceptual Framework dealing with the concepts underlying display and disclosure of financial information including the boundaries of such information This project was replaced by an IASB only comprehensive project during 2012 Conceptual Framework Phase C Measurement Part of the IASB FASB comprehensive project on the Conceptual Framework dealing with how the various elements of the financial statements should be measured This project was replaced by an IASB only comprehensive project during 2012 Conceptual Framework Phase B Elements and recognition Part of the IASB FASB comprehensive project on the Conceptual Framework dealing with the various elements of the financial statements such as assets liabilities revenues and expenses and their broad recognition requirements This project was replaced by an IASB only comprehensive project during 2012 Conceptual Framework Phase D Reporting entity Part of the IASB FASB comprehensive project on the Conceptual Framework dealing with the boundaries of the reporting entity This project was replaced by an IASB only comprehensive project during 2012 Conceptual Framework Phase H Remaining issues Part of the IASB FASB comprehensive project on the Conceptual Framework dealing with any residual issues after completion of the other phases This project was discontinued when the overall IASB FASB project was replaced by an IASB only comprehensive project during 2012 Conceptual Framework Phase G Application to not for profit entities Part of the comprehensive project on the Conceptual Framework which will consider the applicability of the concepts developed in earlier phases to not for profit entities in the private sector This project was discontinued when the overall IASB FASB project was replaced by an IASB only comprehensive project during 2012 Consolidation Comprehensive project Completed 2011 IFRS 10 Consolidated Financial Statements was issued on 12 May 2011 implementing a single consolidation model based on the concept of control replacing both IAS 27 and SIC 12 Consolidation Investment entities Completed 2012 The IASB issued Investment Entities Amendments to IFRS 10 IFRS 12 and IAS 27 on 31 October 2012 Convergence issues Financial instruments superseded This page has been superseded by Financial instruments Comprehensive project Disclosure initiative IAS 1 amendments Completed 2014 The IASB issued Disclosure Initiative Amendments to IAS 1 on 18 December 2014 Effective dates and transition Effectively discontinued A joint IASB FASB project seeking views on when new financial reporting standards resulting primarily from the Boards work to improve and achieve convergence of IFRSs and US GAAP should become effective Emission rights Completed 2004 IFRIC 3 Emission Rights was issued on 2 December 2004 Employee benefits Convergence issues superseded Superseded by the comprehensive project on post employment benefits Extractive activities Exploration for and evaluation of mineral resources Completed 2004 IFRS 6 Exploration for and Evaluation of Mineral Resources was issued on 10 December 2004 Extractive activities Comprehensive project Project discontinued 2012 In December 2012 the IASB activated a broader research project on intangible assets as part of its response to its Agenda Consultation 2011 Fair value measurement Completed 2011 IFRS 13 Fair Value Measurement was issued on 12 May 2011 and provides guidance on how to measure the fair value of assets and liabilities when required by other Standards The IASB and FASB are developing educational material relating to fair value measurements Financial instruments Limited reconsideration of IFRS 9 Completed 2014 The finalised version of IFRS 9 Financial Instruments was issued on 24 July 2014 Financial instruments Effective date of IFRS 9 Completed 2011 The IASB issued Mandatory Effective Date and Transition Disclosures Amendments to IFRS 9 and IFRS 7 on 16 December 2011 Financial instruments General hedge accounting Completed 2013 IFRS 9 Financial Instruments Hedge Accounting and amendments to IFRS 9 IFRS 7 and IAS 39 was issued on 19 November 2013 Financial instruments Classification and measurement Completed 2010 IFRS 9 Financial Instruments was issued on 12 November 2009 dealing with financial assets and reissued on 28 October 2010 incorporating requirements for financial liabilities Financial instruments Asset and liability offsetting Completed 2011 Disclosures Offsetting Financial Assets and Financial Liabilities Amendments to IFRS 7 and Offsetting Financial Assets and Financial Liabilities Amendments to IAS 32 were issued on 16 December 2011 Financial instruments Derecognition An IASB project to consider the derecognition of financial instruments In light of the feedback received during the consultation process the IASB decided to retain the existing derecognition requirements and to finalise improved disclosure requirements Financial instruments Disclosures Completed 2005 IFRS 7 Financial Instruments Disclosures and Capital Disclosures Amendments to IAS 1 were issued on 18 August 2005 Financial instruments Impairment Completed 2014 The finalised version of IFRS 9 Financial Instruments was issued on 24 July 2014 Financial statement presentation Other comprehensive income Completed 2011 The IASB issued Presentation of Items of Other Comprehensive Income Amendments to IAS 1 on 16 June 2011 implementing limited scope amendments to IAS 1 Financial statement presentation Financial statements and comparatives Completed 2007 The IASB issued a revised IAS 1 Presentation of Financial Statements on 6 September 2007 completing the first phase of the IASB FASB convergence project on financial statement presentation Financial statement presentation Comprehensive project Discontinued in 2010 This project sought to address broadly the issues related to the display and presentation in the financial statements of all recognised changes in assets and liabilities from transactions or other events except those related to transactions with owners as owners sometimes called comprehensive income First time adoption of International Financial Reporting Standards Completed 2003 IFRS 1 First time Adoption of International Financial Reporting Standards was issued on 19 June 2003 FRED 50 Residential Management Companies Financial Statements The Financial Reporting Council FRC issued financial reporting Exposure Draft FRED 50 containing Draft FRC Abstract 1 Residential Management Companies Financial Statements setting out proposals for the treatment of residential management transactions in the financial statements of residential management companies RMCs in August 2013 The FRC also issued consequential amendments to the Financial Reporting Standard for Smaller Entities FRSSE In September 2014 the FRC published its consultation document Accounting standards for small entities Implementation of the EU Accounting Directive setting out the FRC s proposals to amend UK accounting standards as part of the implementation of the EU Accounting Directive As part of this consultation the FRC proposed that a new sub section of FRS 102 within Section 34 would be added based on FRED 50 Residential Management Companies Financial Statements However in February 2015 the FRC indicated in FRED 59 that no change would be made to FRS 102 and in the July 2015 updates to FRS 102 the FRC confirmed that no changes to accounting standards will be made to mandate a particular treatment for residents management companies FRED 51 Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Hedge Accounting The Financial Reporting Council FRC has issued Amendments to FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland Basic financial instruments and Hedge accounting The amendments follow consultation on the proposals set out in Financial Reporting Exposure Draft FRED 51 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Hedge Accounting The amendments replace the restrictive hedge accounting requirements previously in FRS 102 with a set of hedge accounting principles based on the IFRS 9 Financial Instruments hedge accounting model As a result of the amendments there will be more opportunities for entities to apply hedge accounting FRED 52 Draft amendments to the Financial Reporting Standard for Smaller Entities effective April 2008 Micro entities In December 2013 new regulations were introduced into UK Company Law to allow micro companies to prepare and file abridged accounts in place of full financial statements The FRC has now published amendments to the Financial Reporting Standard for Smaller Entities FRSSE to enable micro entities to comply with the FRSSE whilst taking advantage of these exemptions These amendments follow a comment period that ran until 12 February 2014 on Financial Reporting Exposure Draft FRED 52 The amendments are effective for periods ending on or after 30 September 2013 for companies filing their accounts on or after 1 December 2013 FRED 53 Draft amendments to FRS 101 Reduced Disclosure Framework 2013 14 When it issued FRS 101 in November 2012 the Financial Reporting Council FRC committed to review the standard on an annual basis and update it to ensure that it maintains consistency with IFRS and remains cost effective for groups In July 2014 the FRC issued amendments to Financial Reporting Standard FRS 101 Reduced Disclosure Framework available to UK subsidiary companies that wish to apply the recognition and measurement requirements of IFRSs in their financial statements FRED 54 Draft amendments to FRS 102 Basic financial instruments The Financial Reporting Council FRC has issued Amendments to FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland Basic financial instruments and Hedge accounting The amendments follow consultation on the proposals set out in Financial Reporting Exposure Draft FRED 54 Draft amendments to FRS 102 Basic financial instruments The amendments permit amortised cost measurement for a broader range of debt instruments where it adequately captures the risk associated with those financial instruments FRED 55 Draft Amendments to FRS 102 Pension Obligations The Financial Reporting Council FRC has published Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland pension obligations The amendments which are effective for accounting periods beginning on or after 1 January 2015 clarify aspects of the accounting for defined benefit pension plans under FRS 102 FRED 56 Draft FRS 104 Interim Financial Reporting The Financial Reporting Council FRC has published Financial Reporting Standard FRS 104 Interim Financial Reporting FRS 104 sets out a new standard on interim reporting for entities that apply FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland in their annual financial statements FRED 57 Draft amendments to FRS 101 Reduced Disclosure Framework 2014 15 When it issued FRS 101 in November 2012 the Financial Reporting Council FRC committed to review the standard on an annual basis and update it to ensure that it maintains consistency with IFRS and remains cost effective for groups The amendments published in July 2015 represent the second of these annual updates following the 2013 2014 amendments FRED 58 Draft FRS 105 The Financial Reporting Standard applicable to the Micro entities Regime In July 2015 the Financial Reporting Council FRC published FRS 105 The Financial Reporting Standard applicable to the Micro entities Regime FRS 105 the new accounting standard for entities choosing to apply the Micro entities regime is based on FRS 102 but its accounting requirements are adapted to satisfy the legal requirements applicable to micro entities and to reflect the simpler nature and smaller size of micro entities FRED 59 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Small entities and other minor amendments In July 2015 the FRC issued Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Small entities and other minor amendments Among other things the amendments set out revised presentation and disclosure requirements for financial reporting by small entities in a new section of FRS 102 Section 1A Small Entities This new section replaced the existing Financial Reporting Standard for Smaller Entities FRSSE A number of other necessary amendments have been made to maintain consistency between FRS 102 and company law and the FRC Within the amendments to FRS 102 the FRC has also made a narrow scope amendment to clarify and simplify the accounting for share and share option awards where a cash settlement alternative exists FRED 60 Draft amendments to FRS 100 Application of Financial Reporting Requirements and FRS 101 Reduced Disclosure Framework In July 2015 the FRC issued Amendments to FRS 100 Application of Financial Reporting Requirements The amendments to FRS 100 reflect the revised framework of accounting standards including the replacement of the FRSSE with a new section in FRS 102 and the introduction of the micro entity accounting standard FRS 105 FRED 61 Draft amendments to FRS 102 Share based payment transactions with cash alternatives In July 2015 the FRC issued Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Small entities and other minor amendments Within these amendments the FRC has made a narrow scope amendment to FRS 102 to clarify and simplify the accounting for share and share option awards where a cash settlement alternative exists FRSSE effective January 2015 In September 2014 the FRC published its consultation document Accounting standards for small entities Implementation of the EU Accounting Directive setting out the FRC s proposals to amend UK accounting standards as part of the implementation of the EU Accounting Directive As part of this consultation the FRC proposed that the existing FRSSE was withdrawn Following the government response on the UK implementation of the Directive the FRC has now issued three Financial Reporting Exposure Drafts FREDs for public comment which propose changes to the existing UK financial reporting framework One of the FREDs FRED 59 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Small entities and other minor amendments sets out the revised presentation and disclosure requirements for financial reporting by small entities in a new section of FRS 102 Section 1A Small Entities It is proposed that this section within FRS 102 will replace the existing Financial Reporting Standard for Smaller Entities FRSSE IAS 1 Disclosures about going concern A narrow scope project to clarify the disclosure requirements about the assessment of going concern in IAS 1 Presentation of Financial Statements This project has been incorporated into the IASB s short term disclosure initiative of amendments to IAS 1 IAS 1 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 1 Presentation of Financial Statements together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 2 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 2 Inventories together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 7 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 7 Statement of Cash Flows together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 8 Effective dates and transition methods Discontinued 2012 In October 2012 the IASB suspended this project pending the outcome of its Conceptual Framework project IAS 8 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 8 Accounting Policies Changes in Estimates and Errors together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 10 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 10 Events After the Reporting Period together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 11 Criteria for combining and segmenting contracts Discontinued 2006 IFRIC formally removed the issue from its agenda at its November 2006 meeting The issues will instead be considered as part of the IASB s project on revenue recognition IAS 11 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 11 Construction Contracts together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 12 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 12 Income Taxes together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 12 Recognition of deferred tax assets for unrealised losses Completed 2016 The IASB issued Recognition of Deferred Tax Assets for Unrealised Losses on 19 January 2016 IAS 12 Recovery of underlying assets Completed 2010 The IASB issued Deferred Tax Recovery of Underlying Assets Amendments to IAS 12 on 20 December 2010 IAS 14 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 14 Segment Reporting together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 16 Contingent pricing of property plant and equipment Discontinued 2011 Originally an IFRS Interpretations Committee project considering a request for guidance on how to account for contingent payments for the separate purchases of property plant and equipment PPE IAS 16 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 16 Property Plant and Equipment together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 16 Stripping costs in the production phase of a mine Completed 2011 IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine was issued on 19 October 2011 IAS 16 IAS 38 Acceptable methods of depreciation and amortisation Completed 2014 The IASB issued Clarification of Acceptable Methods of Depreciation and Amortisation Amendments to IAS 16 and IAS 38 on 12 May 2014 IAS 17 Determining whether an arrangement contains a lease Completed 2004 IFRIC 4 Determining Whether an Arrangement Contains a Lease was issued on 2 December 2004 IAS 17 Sales and leasebacks with repurchase rights Discontinued 2007 IFRIC formally removed this issue from its agenda at its March 2007 meeting IAS 17 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 17 Leases together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 18 Customer loyalty programmes Completed 2007 IFRIC 13 Customer Loyalty Programmes was issued on 28 June 2007 IAS 18 Guidance on identifying agency relationships Discontinued 2007 IFRIC removed this matter from its agenda and referred it to the IASB for resolution as part of the annual improvements process IAS 18 Initial fees received by a fund manager Discontinued 2007 IFRIC could not reach consensus on this matter and removed the issue from its agenda at its January 2007 meeting IAS 18 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 18 Revenue together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 18 Sales of real estate Completed 2008 IFRIC 15 Agreements for the Construction of Real Estate was issued on 3 July 2008 IAS 18 Transfers of assets from customers Completed 2009 IFRIC 18 Transfers of Assets from Customers was issued on 29 January 2009 IAS 19 Actuarial gains and losses group plans and disclosures Completed 2004 Amendments to IAS 19 Employee Benefits were issued on 16 December 2004 IAS 19 Allocation of benefits to periods of service Discontinued 2003 IFRIC reaffirmed its decision not to address this issue at its December 2003 meeting IAS 19 Changes in employment benefits and actuarial assumptions Discontinued 2002 After initial background discussions IFRIC removed this issue from its agenda at its February 2002 meeting IAS 19 Discount rate A project to clarify the determination of the discount rate used when applying IAS 19 Employee Benefits particularly around the requirement to use market yields on high quality corporate bonds or government bonds The IASB decided at its 2013 December meeting that currently no further work is planned on the project IAS 19 Distinction between curtailments and past service cost Discontinued 2007 IFRIC removed this topic from its agenda in May 2007 and the issue was instead dealt with as part of the IASB s 2006 2008 cycle of annual improvements IAS 19 Distinguishing between defined benefit and defined contribution plans hybrid plans Discontinued 2006 IFRIC referred this matter to the IASB for resolution IAS 19 Effect of minimum funding requirements on asset ceiling Completed 2007 IFRIC 14 IAS 19 The Asset Ceiling Availability of Economic Benefits and Minimum Funding Requirements was issued on 4 July 2007 IAS 19 Employee benefit plans with a promised return on contributions or notional contributions Discontinued 2014 After previously issuing a Draft Interpretation and discontinuing this project at its November 2006 meeting the IFRS Interpretations Committee reactivated this project in May 2012 but later again removed it from its agenda in May 2014 after the Committee could not reach a consensus on a solution to improve the financial reporting for employee benefit plans with a guaranteed return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans Completed 2013 The IASB issued Defined Benefit Plans Employee Contributions Amendments to IAS 19 on 21 November 2013 IAS 19 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 19 Employee Benefits together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 19 Multiemployer plan exemption Discontinued 2004 The issues became part of of the amendments to IAS 19 Employee Benefits issued in December 2004 IAS 19 Termination benefits Completed 2011 The IASB issued an amended IAS 19 Employee Benefits on 16 June 2011 IAS 19 The asset ceiling Completed 2002 An amendment to IAS 19 Employee Benefits was issued on 31 May 2002 IAS 20 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 20 Accounting for Government Grants and Disclosure of Government Assistance together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 21 Hedging a net investment Completed 2008 IFRIC 16 Hedges of a New Investment in a Foreign Operation was issued on 3 July 2008 IAS 21 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 21 The Effects of Changes in Foreign Exchange Rates together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 23 US GAAP convergence project Completed 2007 A revised IAS 23 Borrowing Costs was issued on 29 March 2007 IAS 23 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 23 Borrowing Costs together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 24 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 24 Related Party Disclosures together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 24 State controlled entities and definition of related party Completed 2009 The IASB issued a revised IAS 24 Related Party Disclosures on 4 November 2009 IAS 26 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 26 Accounting and Reporting by Retirement Benefit Plans together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 27 Control by a fiduciary Discontinued 2004 IFRIC removed this issue from its agenda at its May 2004 meeting as the IASB will consider the matter as part of its project on consolidation IAS 27 Equity method in separate financial statements Completed 2014 The IASB issued Equity Method in Separate Financial Statements Amendments to IAS 27 on 12 August 2014 IAS 27 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 27 together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 27 Non cash distributions Completed 2008 IFRIC 17 Distributions of Non cash Assets to Owners was issued on 27 November 2008 IAS 28 Elimination of gains arising from downstream transactions A narrow scope project to amend IAS 28 Investments in Associates and Joint Ventures 2011 to clarify that an eliminated gain on a downstream transaction with an associate or joint venture that exceeds the carrying amount of the entity s investment in the entity should be presented as a deferred gain This project will not be finalised Instead the IASB issued amendments deferring the effective date of the September 2014 amendments to IAS 28 IFRS 10 and IFRS 12 on 17 December 2015 IAS 28 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 28 together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 28 Reflecting other net asset changes when applying the equity method of accounting Discontinued 2014 In light of insufficient members in favour of approving finalised amendments at the IASB s May 2014 meeting the IASB will not proceed with the originally proposed amendments to provide guidance on whether and where an investor should account for its share of the changes in the net assets of the associate that are not recognised in profit or loss or other comprehensive income OCI of the associate i e other net asset changes IAS 29 First time adoption of IAS 29 Completed 2005 IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies was issued on 24 November 2005 IAS 29 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 29 Financial Reporting in Hyperinflationary Economies together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 31 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 31 Interests in Joint Ventures together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 32 Classification of rights issues Completed 2009 Classification of Rights Issues Amendment to IAS 32 was issued on 8 October 2009 IAS 32 Classification of instruments denominated in a foreign currency Discontinued 2006 IFRIC removed this issue from its agenda at its November 2006 meeting after the IASB rejected its proposed amendment to IAS 32 IAS 32 Puttable financial instruments Completed 2008 The IASB issued Puttable Financial Instruments and Obligations Arising on Liquidation Amendments to IAS 32 and IAS 1 on 14 February 2008 IAS 32 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 32 Financial Instruments Presentation together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 32 Members shares in co operative entities Completed 2004 IFRIC 2 Members Shares in Co operative Entities and Similar Instruments was issued on 25 November 2004 IAS 32 Put options over non controlling interests NCIs Discontinued as a project in its own right in 2014 The issues will now be discussed as part of the project Financial instruments with characteristics of equity IAS 32 IAS 39 Improvements to IASC financial instruments standards Completed 2003 Revised versions of IAS 32 Financial Instruments Disclosure and Presentation and IAS 39 Financial Instruments Recognition and Measurement were issued on 17 December 2003 IAS 33 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 33 Earnings Per Share together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 34 Disclosures in interim reporting periods Completed 2010 Annual Improvements to IFRSs 2010 was issued on 6 May 2010 clarifying the nature of disclosures required in interim reporting periods IAS 34 Interaction with IAS 36 and IAS 39 Completed 2006 IFRIC 10 Interim Financial Reporting and Impairment was issued on 20 July 2006 IAS 34 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 34 Interim Financial Reporting together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 36 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 36 Impairment of Assets together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 36 Recoverable amount disclosures for non financial assets Completed 2013 The IASB issued Recoverable Amount Disclosures for Non Financial Assets Amendments to IAS 36 on 29 May 2013 IAS 37 Changes in decommissioning restoration and similar liabilities Completed 2004 IFRIC 1 Changes in Existing Decommissioning Restoration and Similar Liabilities was issued on 27 May 2004 IAS 37 Interests in decommissioning and environmental rehabilitation funds Completed 2004 IFRIC 5 Rights to Interests Arising from Decommissioning Restoration and Environmental Funds was issued on 15 December 2004 IAS 37 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 37 Provisions Contingent Liabilities and Contingent Assets together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 37 Obligating event in the light of the EU Directive on waste electrical and electronic equipment Completed 2005 IFRIC 6 Liabilities Arising from Participating in a Specific Market Waste Electrical and Electronic Equipment was issued on 1 September 2005 IAS 37 IFRIC 6 Levies charged for participation in a market on a specified date Completed 2013 The IASB issued IFRIC 21 Levies on 20 May 2013 IAS 38 Compliance costs for REACH This IFRIC project has been discontinued The project was to consider how to account for costs incurred to comply with the requirements of the European Commission Regulation concerning the Registration Evaluation Authorisation and Restriction of Chemicals REACH After many months of deliberations IFRIC decided not to take this issue onto its agenda at its May 2009 meeting IAS 38 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 38 Intangible Assets together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 39 Cash flow hedge accounting of forecast intragroup transactions Completed 2005 The IASB issued Cash Flow Hedge Accounting of Forecast Intragroup Transactions Amendments to IAS 39 on 14 April 2005 IAS 39 Exposures qualifying for hedge accounting Completed 2008 The IASB issued Eligible Hedged Items Amendment to IAS 39 on 30 July 2008 IAS 39 Fair value option Completed 2005 The IASB issued The Fair Value Option Amendments to IAS 39 on 15 June 2005 IAS 39 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 39 Financial Instruments Recognition and Measurement together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 39 Macro hedging Completed 2004 Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk Amendments to IAS 39 was issued on 31 March 2004 IAS 39 Reassessment of embedded derivatives Completed 2006 IFRIC 9 Reassessment of Embedded Derivatives was issued on 1 March 2006 IAS 39 Transition and day 1 profit recognition Completed 2004 The IASB issued Transition and Initial Recognition of Financial Assets and Financial Liabilities on 17 December 2004 IAS 39 IAS 32 Debt to equity swaps Completed 2009 IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments was issued on 26 November 2009 IAS 39 IAS 37 Credit risk in liability measurement Discontinued 2009 In October 2009 the IASB decided to stop work on this project as a separate project and instead to consider the issues in the Conceptual Framework Measurement project IAS 39 IFRS 4 Financial guarantee contracts and credit insurance Completed 2005 The IASB issued Financial Guarantee Contracts Amendments to IAS 39 and IFRS 4 on 18 August 2005 IAS 39 IFRS 7 Reclassification of financial assets Completed 2008 and amended in 2009 The IASB issued Reclassification of Financial Assets Amendments to IAS 39 and IFRS 7 on 13 October 2008 and Embedded Derivatives Amendments to IFRIC 9 and IAS 39 on 12 March 2009 IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting Completed 2013 The IASB issued Novation of Derivatives and Continuation of Hedge Accounting Amendments to IAS 39 on 27 June 2013 with an effective date of 1 January 2014 IAS 40 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 40 Investment Property together with the Committee s public explanation of the reasons for not adding those items to its agenda IAS 41 Bearer plants Completed 2014 The IASB issued Agriculture Bearer Plants Amendments to IAS 16 and IAS 41 on 30 June 2014 IAS 41 Fair value measurement issues in agriculture Discontinued 2007 IFRIC removed this topic from its agenda in 2007 in favour of recommending to the IASB that the matters considered be included in the annual improvements process IAS 41 Items not added to the agenda A summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 41 Agriculture together with the Committee s public explanation of the reasons for not adding those items to its agenda IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 Completed 2009 After initially being exposed in a separate exposure draft an amendment to IFRIC 9 was included in Improvements to IFRSs issued on 16 April 2009 IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Completed 2009 The IASB issued Prepayments of a Minimum Funding Requirement Amendments to IFRIC 14 on 26 November 2009 IFRIC 15 Meaning of continuous transfer An IFRIC Interpretations Committee project to consider whether decisions reached in the IASB s revenue recognition project could provide insight into clarification of the meaning of continuous transfer under IFRIC 15 Agreements for the Construction of Real Estate IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments Completed 2009 An amendment to IFRIC 16

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  • Major projects
    Publications Meetings Standards Projects Jurisdictions Resources My IAS Plus Topics Communications Toggle navigation Search site Navigation Projects Major projects Narrow scope amendments Research projects Post implementation reviews Agenda consultations Completed projects Items not added to the agenda IFRIC Info Major projects Set out below is a summary of the major projects of the International Accounting Standards Board IASB i e those projects that are expected to result in a new reissued or substantially amended pronouncement Click through to each project to get more information about the background to the project the current status project milestones history of discussions news and other resources Project Current status Next project step Expected timing Conceptual Framework Comprehensive IASB project Exposure draft Decision on project direction Disclosure initiative Changes in accounting policies and estimates Agenda decision Exposure draft Disclosure initiative Principles of disclosure Agenda decision Discussion paper Q4 2015 or Q1 2016 Disclosure initiative Materiality Draft practice statement Redeliberations Disclosure initiative Overview Not applicable See individual projects See individual projects Financial instruments Macro hedge accounting Public consultation Discussion paper Financial instruments Comprehensive project Not applicable See individual projects See individual projects Insurance contracts Comprehensive project Revised exposure draft Finalised standard Quick links IASB due process IASB exposure drafts IASB discussion papers IASB requests for information Latest 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 Summary of the December 2015 ASAF meeting now available 22 Jan 2016 IASB updates work plan 22 Jan 2016 EFRAG publishes summary report for its Conceptual Framework outreach event in Brussels 12 Jan 2016 Upcoming dates Comment deadline on ED 2015 8 26 Feb 2016 Effective date

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  • Narrow scope amendments
    projects Items not added to the agenda IFRIC Info Narrow scope amendments Set out below is a summary of the narrow scope projects of the International Accounting Standards Board IASB and IFRS Interpretations Committee i e those projects that are expected to result in amendments to existing pronouncements or interpretations thereof Click through to each project to get more information about the background to the project the current status project milestones history of discussions news and other resources Project Current status Next project step Expected timing Annual improvements 2014 2016 cycle Exposure draft Annual improvements 2015 2017 cycle Agenda decision Exposure draft Clarifications to IFRS 15 Issues emerging from TRG discussions Exposure draft Finalised standard Different effective dates of IFRS 9 and the new insurance contracts standard Exposure draft IAS 1 Classification of liabilities Exposure draft Redeliberations Q3 2015 IAS 12 Accounting for uncertainties in income taxes Draft interpretation IAS 19 IFRIC 14 Remeasurement at a plan amendment curtailment or settlement Availability of a refund of a surplus from a defined benefit plan Exposure draft IAS 21 Foreign currency transactions and advance consideration Draft interpretation IAS 40 Transfers of investment property Exposure draft IFRS 2 Clarifications of classification and measurement of share based payment transactions Exposure draft Redeliberations Comments on ED 2014 5 close 25 March 2014 Quick links IASB due process IASB exposure drafts IASB discussion papers IASB requests for information Latest 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 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 We comment on the IASB s annual improvements to IFRSs 2014 2016 cycle

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  • Research projects
    not added to the agenda IFRIC Info Research projects Set out below is a summary of the current research projects of the International Accounting Standards Board IASB i e those projects in their early stages often before being formally added to the agenda Click through to each project to get more information about the background to the project the current status project milestones history of discussions news and other resources Project Current status Next project step Expected timing Common control transactions Research Board discussions Q1 and Q2 2015 Disclosure initiative Disclosure review Board discussions Q2 2015 Discount rates Not commenced Board discussions Q4 2014 Equity method of accounting Not commenced Board discussions Q4 2014 Financial instruments with characteristics of equity To be determined Board discussions Q4 2014 Financial reporting in high inflationary economies Discontinued Foreign currency translation Discontinued IFRS 2 Research project on share based payments On hold Research Not expected to commence until after the 2015 agenda consultation Income taxes Comprehensive project On hold Research Not expected to commence until after the 2015 agenda consultation Intangible assets On hold Research Not expected to commence until after the 2015 agenda consultation Non financial liabilities On hold To be determined Depends on Conceptual Framework project Pollutant pricing mechanisms formerly Emissions trading schemes On hold Board discussions Q4 2014 Post employment benefits Comprehensive project Research Board discussions Q1 Q2 2015 Rate regulated activities Comprehensive project Discussion paper Discussion paper XBRL eXtensible Business Reporting Language Not applicable Not applicable Ongoing activities Quick links IASB due process IASB discussion papers IASB requests for information Latest news FASB adds four projects to research agenda 08 Feb 2016 Summary of the December 2015 ASAF meeting now available 22 Jan 2016 IFRS Foundation publishes proposed IFRS Taxonomy update for IFRS 16 Leases 21 Jan 2016 Summary of

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  • Post-implementation reviews
    Global English Global English Global Deutsch Canada English Canada Français United Kingdom English United States English Toggle navigation Search site Toggle navigation Home News Publications Meetings Standards Projects Jurisdictions Resources My IAS Plus Topics Communications Toggle navigation Search site Navigation Projects Major projects Narrow scope amendments Research projects Post implementation reviews Agenda consultations Completed projects Items not added to the agenda IFRIC Info Post implementation reviews Title Description Clarifications arising from the post implementation review of IFRS 8 In July 2013 the IASB completed the post implementation review of IFRS 8 Operating Segments The final report concluded that the benefits of applying the standard were largely as expected and that overall the standard achieved its objectives and has improved financial reporting However the IASB identified a number of issues that could be considered for improvement and that warrant further investigation An exposure draft of changes resulting from the review is expected in the third quarter of 2015 Post implementation review IFRS 3 Completed 2013 The IASB published Report and Feedback Statement Post implementation Review of IFRS 3 Business Combinations on 17 June 2015 Post implementation review IFRS 8 Completed 2013 The IASB published Report and Feedback Statement Post implementation Review IFRS 8 Operating Segments on 18 July 2013 An exposure draft of changes resulting from the review is expected in the third quarter of 2015 Quick links IASB due process IASB post implementation review process Latest news IASB updates work plan 22 Jan 2016 Summary of the CMAC November 2015 meeting 22 Dec 2015 IASB updates work plan 23 Nov 2015 Third work plan update for October 30 Oct 2015 We comment on the proposed clarifications to IFRS 15 28 Oct 2015 Contact us About Legal Privacy FAQs Material on this website is 2015 Deloitte Global Services Limited or a

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