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22 Sep 2016
The long-awaited leases standard (IFRS 16) was issued in January 2016 with an effective date from 1 January 2019.
07 Mar 2016
As always there are new standards or amendments which become effective at the start of the new year. Accounting Update 18 lists the standards and amendments issued and effective from 1 January 2016 and briefly explains the changes.
As always there are new standards or amendments which become effective at the start of the new year. Accounting Update 17 lists the standards and amendments issued and effective from 1 January 2015 and briefly explains the change
15 Sep 2015
This update covers: Recent amendments to IFRS for SMEs, the discussions held at the IFRIC (International Financial Reporting Interpretations Committee) meeting held in May 2015 as well as the Financial Instruments 2015 Guide released by the IFRS Foundation.
02 Mar 2015
The International Accounting Standards Board (IASB) has issued a new standard, IFRS 15 Revenue from Contracts with Customers on 28 May 2014 which replaces IAS 18 Revenue, IAS 11 Construction contracts and related Interpretations.
27 May 2014
The International Accounting Standards Board (IASB) has been focused on a few major projects over the past year of which we are likely to see some results in 2014. The IASB released an updated work plan at the end of April 2014.
22 Jan 2014
The following is a summary of new standards and pronouncements that are in issue and expected to be effective in the 2013 sets of financial statements of entities or thereafter. Preparers should take note of these amendments during the preparation of their annual financial statements or when planning forthcoming data capturing requirements
03 Sep 2013
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have formally announced plans to create a group dealing with the final converged standard on revenue recognition,which is due to be released later this year.
22 Feb 2013
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors requires that when an entity has notapplied a new Standard or Interpretation that has been issued but is not yet effective, the entity shall disclose certain facts.
09 Nov 2012
There are a number of amendments to IFRSs that become effective or are available for early adoption for financial statements for years ending 31 December 2012. This update provides an overview of these amendments.
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