IFRS Interpretations Committee agenda decisions
We bring two interesting final agenda decisions issued by IFRS Interpretations Committee in 2021.
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 endorsed for use in the EU
On 13 January 2021, Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 were endorsed by the European Commission for use in the European Union. The EU effective dat…
IASB Issued Amendments to IAS 16 Regarding Proceeds Before Intended Use
On 14 May 2020, the International Accounting Standards Board (IASB) published 'Property, Plant and Equipment — Proceeds before Intended Use (Amendments to IAS 16)' regarding proceeds from selling items produced…
IASB Issued Amendments to IAS 37 Regarding Onerous Contracts
On 14 May 2020, the International Accounting Standards Board (IASB) published 'Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37)' amending the standard regarding costs a company should in…
Amendments to IAS 1 and IAS 8 Endorsed for Use in the EU
On 29 November 2019, Amendments to IAS 1 and IAS 8 Definition of Material were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effective date (…
Amendments to IFRS 9, IAS 39 and IFRS 7 Endorsed for Use in the EU
On 15 January 2019, Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s…
IASB Issued Amendments to IAS 1 to Clarify the Classification of Liabilities
On 23 January 2020, the International Accounting Standards Board (IASB) issued 'Classification of Liabilities as Current or Non-Current (Amendments to IAS 1)' providing a more general approach to the classifica…
IASB Amended IFRS 9, IAS 39 and IFRS 7 in Response to the IBOR Reform
On 26 September 2019, the International Accounting Standards Board (IASB) published 'Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7)' as a first reaction to the potential effects the IB…
Annual Improvements to IFRSs (cycle 2015–2017) endorsed for use in the EU
On 14 March 2019, the European Commission endorsed the Annual Improvements (cycle 2015–2017) for use in the EU. The EU effective date is the same as the IASB’s effective date (annual periods beginning on or aft…