ias17 - IAS 17 International Accounting Standard 17 Leases...

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IAS 17 © IASCF A455 International Accounting Standard 17 Leases This version includes amendments resulting from IFRSs issued up to 31 December 2009. IAS 17 Leases was issued by the International Accounting Standards Committee in December 1997. It replaced IAS 17 Accounting for Leases (issued in September 1982). Limited amendments were made in 2000. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In December 2003 the IASB issued a revised IAS 17. Since then, IAS 17 and its accompanying documents have been amended by the following IFRSs: •I F R S 5 Non-current Assets Held for Sale and Discontinued Operations (issued March 2004) F R S 7 Financial Instruments: Disclosures (issued August 2005) Improvements to IFRSs (issued April 2009) * F R S 9 Financial Instruments (issued November 2009). IAS 1 Presentation of Financial Statements (as revised in September 2007) § amended the terminology used throughout IFRSs, including IAS 17. The following Interpretations refer to IAS 17: •S I C - 1 5 Operating Leases—Incentives (issued December 1998, and subsequently amended) I C - 2 7 Evaluating the Substance of Transactions Involving the Legal Form of a Lease (issued December 2001 and subsequently amended) I C - 2 9 Service Concession Arrangements: Disclosures (issued December 2001 and subsequently amended) I C - 3 2 Intangible Assets—Web Site Costs (issued March 2002 and subsequently amended) F R I C 4 Determining whether an Arrangement contains a Lease (issued December 2004) F R I C 1 2 Service Concession Arrangements (issued November 2006 and subsequently amended). * effective date 1 January 2010 effective date 1 January 2013 (earlier application permitted) § effective date 1 January 2009
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IAS 17 A456 © IASCF C ONTENTS paragraphs INTRODUCTION IN1–IN13 INTERNATIONAL ACCOUNTING STANDARD 17 LEASES OBJECTIVE 1 SCOPE 2–3 DEFINITIONS 4–6 CLASSIFICATION OF LEASES 7–19 LEASES IN THE FINANCIAL STATEMENTS OF LESSEES 20–35 Finance leases 20–32 Initial recognition 20–24 Subsequent measurement 25–30 Disclosures 31–32 Operating leases 33–35 Disclosures 35 LEASES IN THE FINANCIAL STATEMENTS OF LESSORS 36–57 Finance leases 36–48 Initial recognition 36–38 Subsequent measurement 39–46 Disclosures 47–48 Operating leases 49–57 Disclosures 56–57 SALE AND LEASEBACK TRANSACTIONS 58–66 TRANSITIONAL PROVISIONS 67–68A EFFECTIVE DATE 69–69A WITHDRAWAL OF IAS 17 (REVISED 1997) 70 APPENDIX Amendments to other pronouncements APPROVAL BY THE BOARD OF IAS 17 ISSUED IN DECEMBER 2003 BASIS FOR CONCLUSIONS DISSENTING OPINION IMPLEMENTATION GUIDANCE Illustrative examples of sale and leaseback transactions that result in operating leases FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
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IAS 17 © IASCF A457 International Accounting Standard 17 Leases (IAS 17) is set out in paragraphs 1–70 and the Appendix. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.
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ias17 - IAS 17 International Accounting Standard 17 Leases...

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