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  • IFRS 10/IAS 28 — Sales or contributions of assets between an investor and its associate/joint venture
    Assets between an Investor and its Associate or Joint Venture Amendments to IFRS 10 and IAS 28 on 11 September 2014 Project milestones Date Development Comments September 2012 Added to the IASB agenda 13 December 2012 ED 2012 6 Sale or Contribution of Assets Between an Investor and its Associate or Joint Venture Proposed Amendments to IFRS 10 and IAS 28 published Comment deadline 23 April 2013 11 September 2014 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Amendments to IFRS 10 and IAS 28 issued Effective for annual periods beginning on or after 1 January 2016 Deferred indefinitely by amendments made in December 2015 Related Discussions IFRS implementation issues 20 Feb 2015 The Board discussed various implementation issues related to amendments for IAS 19 and IFRIC 14 IFRS 10 and IAS 28 2015 and IFRS 11 IFRS implementation issues 22 Jan 2015 The IASB considered narrow scope amendments to IAS 19 IFRIC 14 IAS 19 IAS 28 and IFRS 10 IAS 28 IFRS Interpretations Committee issues 18 Jun 2014 The Board received an update from the May meeting of the IFRS Interpretations Committee It also discussed due process considerations on proposed amendments to IFRS 10 IAS 28 and IFRS 2 Lastly the Board considered the feedback on its request for further analysis on the proposed amendments to IAS 12 IFRS Interpretations Committee issues 21 Mar 2014 The Board was presented several issues stemming from recent discussions of the IFRS Interpretations Committee the majority of which related to cross cutting issues on investment entities Some issues were follow up issues from the February Board meeting IFRS Interpretations Committee issues 19 Feb 2014 The Director of Implementation Activities provided an update of the Interpretations Committee s work in progress In addition a number of suggested amendments were put before the Board for approval IFRS Interpretations Committee issues 23 Jan 2014 The IASB discussed specific questions related to Paper 12 A Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Amendments to IFRS 10 and IAS 28 Paper 12 B Proposed Elimination of gains from downstream transactions and Paper 12 C Accounting for Acquisitions of Interests in Joint Operations Amendments to IFRS 11 IFRS 10 IAS 28 Sale or contribution of assets between an investor and its associate or joint venture 20 Nov 2013 The Board discussed proposed amendments to IFRS 10 and IAS 28 and concluded that re exposure was not necessary Amendments are expected to be issued in the first quarter of 2014 IFRS 10 IAS 27 Sale or contribution of assets between an investor and its associate or joint venture 30 Oct 2013 The IASB was presented with feedback from comment letters received on the proposed amendments to IFRS 10 and IAS 28 and voted to support the recommendation to finalise the project IFRS 10 and IAS 28 Sale or contribution of assets between and investor and its associate or joint venture 16 Jul 2013 The Committee discussed

    Original URL path: http://www.iasplus.com/en/projects/completed/consol/ifrs-10-ias-28-sales-or-contributions-of-assets (2016-02-10)
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  • IFRS 11 — Acquisition of an interest in a joint operation
    the IASB agenda The IFRS Interpretations Committee recommended adding this project to the agenda 13 December 2012 ED 2012 7 Acquisition of an Interest in a Joint Operation Proposed Amendment to IFRS 11 published Comment deadline 23 April 2013 6 May 2014 Accounting for Acquisitions of Interests in Joint Operations Amendments to IFRS 11 issued Effective for annual periods beginning on or after 1 January 2016 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 Related Discussions IFRS 11 Remeasurement of previously held interests 14 Jul 2015 The Committee discussed whether a previously held interest in the assets and liabilities of a joint operation should be remeasured to fair value when an investor that is not initially one of the joint operators acquires an additional interest and becomes a joint operator IFRS implementation issues 20 Feb 2015 The Board discussed various implementation issues related to amendments for IAS 19 and IFRIC 14 IFRS 10 and IAS 28 2015 and IFRS 11 IFRS 11 Proposed wording for the agenda decision 11 Nov 2014 The Committee discussed eight tentative agenda decisions from the past year IFRS Interpretations Committee issues 21 Mar 2014 The Board was presented several issues stemming from recent discussions of the IFRS Interpretations Committee the majority of which related to cross cutting issues on investment entities Some issues were follow up issues from the February Board meeting IFRS Interpretations Committee issues 23 Jan 2014 The IASB discussed specific questions related to Paper 12 A Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Amendments to IFRS 10 and IAS 28 Paper 12 B Proposed Elimination of gains from downstream transactions and Paper 12 C Accounting for Acquisitions of Interests in Joint Operations Amendments to IFRS 11 IFRS 11 Acquisition of an Interest in a Joint Operation 20 Nov 2013 The IASB discussed the proposed amendments in the exposure draft and concluded that due process had been followed and it was not necessary to re expose IFRS 11 Acquisition of an interest in a joint operation 31 Oct 2013 The Board discussed proposed amendments to the exposure draft on acquisition of an interest in a joint operation and supported the staff recommendation to finalise the project IFRS 3 Acquisition of control over a joint operation 10 Sep 2013 The Committee received a request to clarify whether a previously held interest in the assets and liabilities of a joint operation is re measured to the fair value on obtaining control over a joint operation IFRS 11 Acquisition of an interest in joint operation 16 Jul 2013 The Committee discussed the accounting by a joint operator for the acquisition of an interest in a joint operation in which

    Original URL path: http://www.iasplus.com/en/projects/completed/consol/ifrs-11-acquisition-of-an-interest-in-a-joint-operation (2016-02-10)
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  • IFRS 11 — Items not added to the agenda
    Items not added to the agenda IAS 24 Items not added to the agenda IAS 26 Items not added to the agenda IAS 27 Items not added to the agenda IAS 28 Items not added to the agenda IAS 29 Items not added to the agenda IAS 31 Items not added to the agenda IAS 32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13 Items not added to the agenda IFRS 14 Items not added to the agenda IFRIC 21 Items not added to the agenda IFRS Interpretations Committee agenda discussions Info IFRS 11 Items not added to the agenda Background This page presents a summary of items not added to the IFRS Interpretations Committee s agenda in relation to IFRS 11 Joint Arrangements and the Committee s public explanation of the reasons for not adding the item to its

    Original URL path: http://www.iasplus.com/en/projects/not-added/ifrs-11-not-added (2016-02-10)
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  • IFRS 12 — Items not added to the agenda
    added to the agenda IAS 14 Items not added to the agenda IAS 16 Items not added to the agenda IAS 17 Items not added to the agenda IAS 18 Items not added to the agenda IAS 19 Items not added to the agenda IAS 20 Items not added to the agenda IAS 21 Items not added to the agenda IAS 23 Items not added to the agenda IAS 24 Items not added to the agenda IAS 26 Items not added to the agenda IAS 27 Items not added to the agenda IAS 28 Items not added to the agenda IAS 29 Items not added to the agenda IAS 31 Items not added to the agenda IAS 32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13 Items not added to the agenda IFRS 14 Items not added to the agenda

    Original URL path: http://www.iasplus.com/en/projects/not-added/ifrs-12-not-added (2016-02-10)
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  • IFRS 13 — Items not added to the agenda
    Items not added to the agenda IAS 20 Items not added to the agenda IAS 21 Items not added to the agenda IAS 23 Items not added to the agenda IAS 24 Items not added to the agenda IAS 26 Items not added to the agenda IAS 27 Items not added to the agenda IAS 28 Items not added to the agenda IAS 29 Items not added to the agenda IAS 31 Items not added to the agenda IAS 32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13 Items not added to the agenda IFRS 14 Items not added to the agenda IFRIC 21 Items not added to the agenda IFRS Interpretations Committee agenda discussions Info IFRS 13 Items not added to the agenda Background This page presents a summary of items not added to the IFRS Interpretations Committee s

    Original URL path: http://www.iasplus.com/en/projects/not-added/ifrs-13-not-added (2016-02-10)
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  • IFRS 13 — Unit of account
    inputs should be prioritised even when those inputs to not correspond to the unit of account of the asset measured the investment as a whole Therefore questions arose on the unit of account for investments in subsidiaries joint ventures and associates and on their fair value measurement when those investments are quoted in an active market Similarly the IASB also received questions on the measurement of the recoverable amount of cash generating units CGUs on the basis of fair value less costs of disposal when they correspond to entities that are quoted in an active market Current status of the project This project has been discontinued At its January 2016 meeting the IASB decided to continue work in this area as part of the post implementation review of IFRS 13 The review is expected to take place during 2016 Project milestones Date Development Comments 16 September 2014 ED 2014 4 Measuring Quoted Investments in Subsidiaries Joint Ventures and Associates at Fair Value Proposed amendments to IFRS 10 IFRS 12 IAS 27 IAS 28 and IAS 36 and Illustrative Examples for IFRS 13 published Comments requested by 16 January 2015 January 2016 project discontinued the IASB decided to continue work in this area as part of the post implementation review of IFRS 13 Related Discussions Fair value measurement 20 Jan 2016 The Board continued its analysis of the comment letters received on the ED Measuring Quoted Investments in Subsidiaries Joint Ventures and Associates at Fair Value Fair value measurement 18 Nov 2015 The IASB continued with its analysis of the ED Measuring Quoted Investments in Subsidiaries Joint Ventures and Associates at Fair Value Proposed amendments to IFRS 10 IFRS 12 IAS 27 IAS 28 and IAS 36 and Illustrative Examples for IFRS 13 Fair value measurement unit of account 20 Feb 2014 The Board discussed transition provisions and whether the due process requirements have been satisfied IFRS 13 Portfolios 12 Dec 2013 The Board discussed whether an entity was allowed to apply the portfolio exception in IFRS 13 for portfolios made up of Level 1 instruments and for which market risks are substantially the same Fair value measurement Unit of account for investments 21 May 2013 During the February and March 2013 meetings the IASB was informed that questions had been raised about the unit of account for investments in subsidiaries joint ventures and associates that are within the scope of IFRS 10 IAS 27 and IAS 28 At this meeting the Board discussed 1 whether IFRS 10 IAS 27 and IAS 28 need to be amended to clarify the unit of account for investments 2 whether additional disclosure where required as a result of the decisions taken and 3 what transitional disclosures are needed and what the effective date will be Fair value measurement IASB only 19 Mar 2013 The Board discussed the staff s conclusion that the unit of account in the Standards dealing with the accounting for subsidiaries joint ventures and associates should be the investment as whole

    Original URL path: http://www.iasplus.com/en/projects/completed/other/ifrs-13-unit-of-account (2016-02-10)
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  • IFRS 14 — Items not added to the agenda
    the agenda IAS 11 Items not added to the agenda IAS 12 Items not added to the agenda IAS 14 Items not added to the agenda IAS 16 Items not added to the agenda IAS 17 Items not added to the agenda IAS 18 Items not added to the agenda IAS 19 Items not added to the agenda IAS 20 Items not added to the agenda IAS 21 Items not added to the agenda IAS 23 Items not added to the agenda IAS 24 Items not added to the agenda IAS 26 Items not added to the agenda IAS 27 Items not added to the agenda IAS 28 Items not added to the agenda IAS 29 Items not added to the agenda IAS 31 Items not added to the agenda IAS 32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13

    Original URL path: http://www.iasplus.com/en/projects/not-added/ifrs-14-not-added (2016-02-10)
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  • IFRS for small and medium-sized entities
    Convergence issues Info IFRS for small and medium sized entities Background At its September 2003 meeting the IASB decided that it should develop accounting standards appropriate for small and medium sized entities SMEs and that development of IASB SME standards should start by extracting the fundamental concepts from the IASB Framework and the principles and related mandatory guidance from IFRSs and related Interpretations Any modifications to these concepts or principles would be based on the identified needs of users of SME financial statements In the initial stages of the project the Board felt that it was likely that disclosure and presentation modifications will be justified based on user needs but there would be a rebuttable presumption that no modifications would be made to the recognition and measurement principles in IFRSs Current status of the project This project has been completed The IASB issued International Financial Reporting Standard for Small and Medium sized Entities on 9 July 2009 Project milestones Date Development Comments 24 June 2004 Discussion Paper Preliminary Views on Accounting Standards for Small and Medium sized Entities published Comment deadline 24 September 2004 5 April 2005 Staff Questionnaire Possible Recognition and Measurement Modifications for Small and Medium sized Entities SMEs published Comment deadline 31 May 2005 15 February 2007 Exposure Draft Proposed IFRS for Small and Medium sized Entities published Comment deadline 1 October 2007 30 November 2007 Various translations were also subsequently published 9 July 2009 IFRS for Small and Medium sized Entities issued Effective immediately on issue subject to jurisdictional adoption Related Discussions Comprehensive Review of the IFRS for SMEs IASB only 19 Jun 2013 The Board discussed the revised draft of Section 29 Income Tax and seven additional issues raised outside of the IASB s Request for Information where the Staff is proposing changes Comprehensive review of IFRS for SMEs 23 Apr 2013 The Board discussed the following topics as they relate to IFRS for SMEs 1 use of IFRS for SMEs by publicly accountable entites 2 new and revised IFRSs 3 issues relating to accounting policy options 4 optional fall back to IAS 39 5 accounting for income tax and 6 other issues addressed by individual question in the RFI Comprehensive review of IFRS for SMEs education session 23 Apr 2013 The Board had an educational session on IFRS for SMEs Guide for micro entities in applying the IFRS for SMEs IASB only 22 Feb 2013 The Board was presented by the IASB staff a guide it is preparing for micro entities in applying the IFRS for Small and Medium sized Entities The Guide is intended to help micro entities apply the requirements of the IFRS for SMEs Update on IFRS for SMEs 12 Jul 2012 Dr Pacter Chairman of the IFRS for SME Implementation Group summarise the work of the SMEIG over the past 12 months noting the considerable efforts undertaken to provide implementation guidance for countries that have implemented or are working to implement the IFRS SME All Related Quick links IFRS for

    Original URL path: http://www.iasplus.com/en/projects/completed/fs/sme (2016-02-10)
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