ifric7 - IFRIC 7 IFRIC Interpretation 7 Applying the...

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IFRIC 7 © IASCF A1033 IFRIC Interpretation 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies This version includes amendments resulting from IFRSs issued up to 31 December 2009. IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies was developed by the International Financial Reporting Interpretations Committee and issued by the International Accounting Standards Board in November 2005. IFRIC 7 and its accompanying documents were amended by IAS 1 Presentation of Financial Statements (as revised in September 2007). * * effective date 1 January 2009
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IFRIC 7 A1034 © IASCF C ONTENTS paragraphs IFRIC INTERPRETATION 7 APPLYING THE RESTATEMENT APPROACH UNDER IAS 29 FINANCIAL REPORTING IN HYPERINFLATIONARY ECONOMIES REFERENCES BACKGROUND 1 ISSUES 2 CONSENSUS 3–5 EFFECTIVE DATE 6 ILLUSTRATIVE EXAMPLE BASIS FOR CONCLUSIONS FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
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IFRIC 7 © IASCF A1035 IFRIC Interpretation 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies (IFRIC 7) is set out in paragraphs 1–6. IFRIC 7 is accompanied by an illustrative example and a Basis for Conclusions. The scope and authority of Interpretations are set out in paragraphs 2 and 7–17 of the Preface to International Financial Reporting Standards .
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This note was uploaded on 02/26/2011 for the course ACCOUNTING 310 taught by Professor Cruz during the Spring '11 term at Xavier - Ateneo de Cagayan.

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ifric7 - IFRIC 7 IFRIC Interpretation 7 Applying the...

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