ifric12 - IFRIC 12 IFRIC Interpretation 12 Service...

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IFRIC 12 © IASCF A1051 IFRIC Interpretation 12 Service Concession Arrangements This version includes amendments resulting from IFRSs issued up to 31 December 2009. IFRIC 12 Service Concession Arrangements was developed by the International Financial Reporting Interpretations Committee and issued by the International Accounting Standards Board in November 2006. IFRIC 12 and its accompanying documents have been amended by the following IFRSs: •I A S 2 3 Borrowing Costs (as revised in March 2007) * A S 1 Presentation of Financial Statements (as revised in September 2007) * F R S 9 Financial Instruments (issued November 2009). The following Interpretations refer to IFRIC 12: F R I C 1 5 Agreements for the Construction of Real Estate (issued July 2008) * F R I C 1 8 Transfers of Assets from Customers (issued January 2009). § * effective date 1 January 2009 effective date 1 January 2013 (earlier application permitted) § effective date 1 July 2009
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IFRIC 12 A1052 © IASCF C ONTENTS paragraphs IFRIC INTERPRETATION 12 SERVICE CONCESSION ARRANGEMENTS REFERENCES BACKGROUND 1–3 SCOPE 4–9 ISSUE 10 CONSENSUS 11–27 EFFECTIVE DATE 28–28A TRANSITION 29–30 APPENDICES A Application guidance B Amendments to IFRS 1 and to other Interpretations INFORMATION NOTES 1 Accounting framework for public-to-private service arrangements 2 References to IFRSs that apply to typical types of public-to-private arrangements ILLUSTRATIVE EXAMPLES BASIS FOR CONCLUSIONS FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
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IFRIC 12 © IASCF A1053 IFRIC Interpretation 12 Service Concession Arrangements (IFRIC 12) is set out in paragraphs 1–30 and Appendices A and B. IFRIC 12 is accompanied by information notes, illustrative examples 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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IFRIC 12 A1054 © IASCF IFRIC Interpretation 12 Service Concession Arrangements References Framework for the Preparation and Presentation of Financial Statements •I F R S 1 First-time Adoption of International Financial Reporting Standards F R S 7 Financial Instruments: Disclosures F R S 9 Financial Instruments A S 8 Accounting Policies, Changes in Accounting Estimates and Errors A S 1 1 Construction Contracts A S 1 6 Property, Plant and Equipment A S 1 7 Leases A S 1 8 Revenue A S 2 0 Accounting for Government Grants and Disclosure of Government Assistance A S 2 3 Borrowing Costs A S 3 2 Financial Instruments: Presentation A S 3 6 Impairment of Assets A S 3 7 Provisions, Contingent Liabilities and Contingent Assets A S 3 8 Intangible Assets A S 3 9 Financial Instruments: Recognition and Measurement F R I C 4 Determining whether an Arrangement contains a Lease SIC-29 Service Concession Arrangements: Disclosures * Background 1 In many countries, infrastructure for public services—such as roads, bridges, tunnels, prisons, hospitals, airports, water distribution facilities, energy supply
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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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ifric12 - IFRIC 12 IFRIC Interpretation 12 Service...

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