IAS34 BV2009 - IAS 34 International Accounting Standard 34...

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IAS 34 International Accounting Standard 34 Interim Financial Reporting This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 34 Interim Financial Reporting was issued by the International Accounting Standards Committee in February 1998. A limited amendment was made in 2000. In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. Since then, IAS 34 has been amended by the following IFRSs: IAS 1 Presentation of Financial Statements (as revised in December 2003) IAS 2 Inventories (as revised in December 2003) IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) IAS 16 Property, Plant and Equipment (as revised in December 2003) IAS 21 The Effects of Changes in Foreign Exchange Rates (as revised in December 2003) IFRS 3 Business Combinations (issued March 2004) IFRS 8 Operating Segments (issued November 2006) 1 IAS 1 Presentation of Financial Statements (as revised in September 2007) 2 IFRS 3 Business Combinations (as revised in January 2008) 3 Improvements to IFRSs (issued May 2008). 4 The following Interpretation refers to IAS 34: IFRIC 10 Interim Financial Reporting and Impairment (issued July 2006). 1 effective date 1 January 2009 2 effective date 1 January 2009 3 effective date 1 July 2009 4 effective date 1 January 2009 © IASCF 1
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IAS 34 C ONTENTS paragraphs INTRODUCTION IN1–IN9 INTERNATIONAL ACCOUNTING STANDARD 34 INTERIM FINANCIAL REPORTING OBJECTIVE SCOPE 1–3 DEFINITIONS 4 CONTENT OF AN INTERIM FINANCIAL REPORT 5–25 Minimum components of an interim financial report 8–8A Form and content of interim financial statements 9–14 Selected explanatory notes 15–18 Disclosure of compliance with IFRSs 19 Periods for which interim financial statements are required to be presented 20–22 Materiality 23–25 DISCLOSURE IN ANNUAL FINANCIAL STATEMENTS 26–27 RECOGNITION AND MEASUREMENT 28–42 Same accounting policies as annual 28–36 Revenues received seasonally, cyclically, or occasionally 37–38 Costs incurred unevenly during the financial year 39 Applying the recognition and measurement principles 40 Use of estimates 41–42 RESTATEMENT OF PREVIOUSLY REPORTED INTERIM PERIODS 43–45 EFFECTIVE DATE 46–48 APPENDICES A Illustration of periods required to be presented B Examples of applying the recognition and measurement principles C Examples of the use of estimates 2 © IASCF
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IAS 34 International Accounting Standard 34 Interim Financial Reporting (IAS 34) is set out in paragraphs 1–48. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 34 should be read in the context of its objective, the Preface to International Financial Reporting Standards and the
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IAS34 BV2009 - IAS 34 International Accounting Standard 34...

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