ifrs1 - IFRS 1 International Financial Reporting Standard 1...

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IFRS 1 © IASCF A21 International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards This version was issued in November 2008. Its effective date is 1 July 2009. It includes amendments made by IFRSs issued up to 31 December 2009. IFRS 1 First-time Adoption of International Financial Reporting Standards was issued by the International Accounting Standards Board in June 2003. It replaced SIC-8 First-time Application of IASs as the Primary Basis of Accounting (issued by the Standing Interpretations Committee in July 1998). IFRS 1 and its accompanying documents were amended by the following IFRSs: •I A S 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) A S 1 6 Property, Plant and Equipment (as revised in December 2003) A S 1 7 Leases (as revised in December 2003) A S 2 1 The Effects of Changes in Foreign Exchange Rates (as revised in December 2003) A S 3 9 Financial Instruments: Recognition and Measurement (as revised in December 2003) F R S 2 Share-based Payment (issued February 2004) F R S 3 Business Combinations (issued March 2004) F R S 4 Insurance Contracts (issued March 2004) F R S 5 Non-current Assets Held for Sale and Discontinued Operations (issued March 2004) F R I C 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities (issued May 2004) F R I C 4 Determining whether an Arrangement contains a Lease (issued December 2004) F R S 6 Exploration for and Evaluation of Mineral Resources (issued December 2004) Actuarial Gains and Losses, Group Plans and Disclosures (Amendment to IAS 19) (issued December 2004) Amendments to IAS 39: Transition and Initial Recognition of Financial Assets and Financial Liabilities (issued December 2004) The Fair Value Option (issued June 2005) Amendments to IFRS 1 and IFRS 6 (issued June 2005) F R S 7 Financial Instruments: Disclosures (issued August 2005) F R S 8 Operating Segments (issued November 2006)
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IFRS 1 A22 © IASCF •I F R I C 1 2 Service Concession Arrangements (issued November 2006) 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 3 Business Combinations (as revised in January 2008) A S 2 7 Consolidated and Separate Financial Statements (as amended in January 2008) Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 and IAS 27) (issued May 2008) * Improvements to IFRSs (issued May 2008). In November 2008 the IASB issued a revised IFRS 1. In December 2008 the IASB deferred the effective date of the revised version from 1 January 2009 to 1 July 2009. IFRS 1, as revised in November 2008, has been amended by the following documents: F R I C 1 8 Transfers of Assets from Customers (issued January 2009) Additional Exemptions for First-time Adopters (Amendments to IFRS 1) (issued July 2009) § F R S 9 Financial Instruments (issued November 2009) ø F R I C 1 9 Extinguishing Financial Liabilities with Equity Instruments (issued November 2009).
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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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ifrs1 - IFRS 1 International Financial Reporting Standard 1...

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