Approval by the Board of Classification of Liabilities as Current or Non-current—Deferral of Effective Date issued in July 2020. Classification of Liabilities as Current or Non-current—Deferral of Effective Date, which amended IAS 1, was approved for issue by all 14 members of the International Accounting Standards Board. Hans Hoogervorst.
The accounting requirements applicable to small and medium-sized entities (SMEs) discussed in this module are set out in the IFRS for SMEs Standard, issued by the International Accounting Standards Board (Board) in October 2015. This module has been prepared by IFRS Foundation education staff. The contents of Section 8 Notes to the Financial ...
IAS 12 Income Taxes In April 2001 the International Accounting Standards Board (Board) adopted IAS 12 Income Taxes, which had originally been issued by the International Accounting Standards Committee in October 1996. IAS 12 Income Taxes replaced parts of IAS 12 Accounting for Income Taxes (issued in July 1979). In December 2010 the Board amended IAS 12 to address an issue that arises when ...
International Accounting Standard 21 The Effects of Changes in Foreign Exchange Rates (IAS 21) is set out in paragraphs 1–62 and the Appendix. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 21 should be read in the context of its objective and the Basis for Conclusions ...
International Sustainability Standards Board - IFRS
About the International Sustainability Standards Board. The Trustees of the IFRS Foundation announced the formation of the International Sustainability Standards Board (ISSB) on 3 November 2021 at COP26 in Glasgow, following strong market demand for its establishment.The ISSB is developing—in the public interest—standards that will result in a high-quality, comprehensive global baseline of ...
In September 2019 the Board amended IFRS 9 and IAS 39 by issuing Interest Rate Benchmark Reform to provide specific exceptions to hedge accounting requirements in IFRS 9 and IAS 39 for (a) highly probable requirement; (b) prospective assessments; (c) retrospective
International Financial Reporting Standard 7 Financial Instruments: Disclosures (IFRS 7) is set out in paragraphs 1–45 and Appendices A–C. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in Appendix A are in italics the first time they appear in the Standard.
IFRS - Courses
In development: This e-learning course is designed to respond to market demand for ‘getting started’ with implementing IFRS S1 and IFRS S2. The course builds on the Climate Disclosure Standards Board’s experience of developing the highly regarded equivalent training for the TCFD Knowledge Hub. Tailored to diverse preparer backgrounds, the ...
IFRS - IFRS S1 General Requirements for Disclosure of …
IFRS S1 is effective for annual reporting periods beginning on or after 1 January 2024 with earlier application permitted as long as IFRS S2 Climate-related Disclosures is also applied.. The objective of IFRS S1 is to require an entity to disclose information about its sustainability-related risks and opportunities that is useful to users of general purpose financial reports in making ...
IFRS® Practice Statement 2 Making Materiality Judgements is published by the International Accounting Standards Board (Board). Disclaimer: To the extent permitted by applicable law, the Board and the IFRS Foundation (Foundation) expressly disclaim all liability howsoever arising from this publication or any translation thereof whether in …