Issue 38 - IFRS News In Brief

This thirty-eighth edition features:

Publications and Announcements

  • Release of the final standard on revenue recognition
  • IAS 16 and IAS 38 clarified for acceptable methods of depreciation and amortisation
  • IFRS 11 amended for acquisitions of interests in joint operations

IFRS Interpretations Committee - Latest Decisions Summary

  • Topics for further consideration by the IC and/or IASB
  • Annual Improvements to IFRSs (2012–2014 Cycle)
  • Topics for which neither an Interpretation nor an amendment to a Standard are necessary

International Accounting Standards Board - Latest Decisions Summary

  • Leases (redeliberations on the 2013 ED)
  • Insurance Contracts (redeliberations on the 2013 ED)
  • Conceptual Framework (exposure draft due Q4/2014)
  • Recognition of Deferred Tax Assets for Unrealised Losses (exposure draft amending IAS 12 due Q3/2014
  • Equity Method: Share of Other Net Asset Changes (proposed amendments to IAS 28 abandoned)

Upcoming Comment Deadlines

For the second year, RSM International is co-sponsoring the IFRS Foundation Annual Conference (London, 23-24 June 2014)



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