Issue 23 - IFRS News In Brief

This twenty-third edition features:

Publications & Announcements

  • Proposal for amendments to IAS 36 open for comment until 19 March 2013
  • Proposed IFRS Taxonomy 2013 open for comment until 18 March 2013

IFRS Interpretations Committee - Latest Decisions Summary

  • Put options written on non-controlling interests (Interpretation of IAS 32)
  • Levies charged by public authorities on entities that operate in a specific market (Interpretation of IAS 37)

International Accounting Standards Board - Latest Decisions Summary

  • Revenue Recognition (IFRS due Q2/2013)
  • Leases (re-exposure due Q2/2013)
  • Financial instruments: hedge accounting (IFRS due Q2/2013)
  • Novation of OTC derivatives and continued designation for hedge accounting (exposure draft due Q1/2013)
  • Insurance contracts (re-exposure due H1/2013)
  • Rate-regulated activities (exposure draft of interim IFRS due H1/2013)

Upcoming Comment Deadlines





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