This document provides an update on new, amended, and revised IFRS standards for periods ending 31 December 2013 and periods beginning on or after 1 January 2014. It summarizes the key changes from standards like IAS 1 on other comprehensive income presentation, the consolidation suite, IAS 19 on employee benefits, and the annual improvements cycle. It also outlines the status of ongoing IASB projects through Q2 2014 like leases, insurance contracts, and narrow scope amendments.
Rodel S. Navarro Business and Management Consultant and Director RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS) Tel / Mobile: +63-0917-7333563 Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com
Revised Formats for Financial Results Sebi latest GAURAV KR SHARMA
Revised Formats for Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares
International Financial Reporting Standards (IFRS, IAS, IFRIC and SIC)
The slides provides high level overview of IFRS specifically designed for Pension Funds as presented to one of leading pension scheme in Tanzania
Rodel S. Navarro Business and Management Consultant and Director RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS) Tel / Mobile: +63-0917-7333563 Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com
Revised Formats for Financial Results Sebi latest GAURAV KR SHARMA
Revised Formats for Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares
International Financial Reporting Standards (IFRS, IAS, IFRIC and SIC)
The slides provides high level overview of IFRS specifically designed for Pension Funds as presented to one of leading pension scheme in Tanzania
International Financial Reporting Standards- IFRSDipu Thomas joy
International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries
We discussed FASB updates (accounting standards updates and exposure drafts), AICPA updates, and talked about private company council. We then dove into what is happening with the SEC and IFRS and finished up with a FASB/IASB joint projects update.
This presentation was part of a CPE webinar. Full details at www.macpas.com/webinar-recap-accounting-and-auditing-update/.
More info at www.macpas.com.
A renowned speaker on the subject of FRS 102, which replaces all existing accounting rules for private Irish companies from 1 January 2015. This new standard is attracting a lot of attention as these standards become applicable and John is already consulting and lecturing widely, helping firms and businesses implement the changes.
Specialising in the training of qualified accountants for CPD he has lectured in several countries around the world as well as regular in house courses for large listed companies, SMEs and public sector entities on the subject of International Financial Reporting Standards.
Complying with UK GHG regulations: Using CDSB's Reporting FrameworkCDSB
Slides of a webinar that positions the new UK GHG reporting regulations in context shows how conformance with CDSB's Reporting Framework is a means of compliance.
Recording of the webinar can be found here:
http://www.cdsb.net/news/245/video-complying-uk-ghg-regulations-using-cdsbs-reporting-framework
Topics covered:
Global regulatory, investor and business context
UK context
Compliance
Using CDSB's Framework to comply
Speakers:
Chair: Lois Guthrie - Executive Director, CDSB
UK context: Andrea Smith - Technical Manager, CDP, on secondment to DEFRA
Advisor perspective: Jonathan Shaw - Senior Manager, Grant Thornton UK LLP
Using CDSB's Framework: Patrick Crawford - Corporate Engagement, CDSB
Investor perspective: David Harris - Director of ESG, FTSE
Accounting Standards Updates (ASU) Effective in 2016 or later yearsIrene Valverde
An overview of new FASB standards effective in 2016 for calendar year-end public and nonpublic companies. Created by Pradeep Budhiraja, Audit and Accounting Principal at Gumbiner Savett in Santa Monica, CA. This presentation was delivered to the Los Angeles Westside Chapter CalCPA meeting on July 19, 2016.
There is tremendous change in today's indian economy and at the same time our indian accounting system also heading to a new era i.e nothing but INDAS.
There are lots of confusion about Indian new accounting system (INDAS) even after 3 r
to 4 the implementation by various organization..
So thought to understand the root from where this INDAS arised at the same time prepared a ppt about indas roadmap
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#INDAS ROAD MAP
Similar to IFRS update for 31 december 2013 year ends by Katerina Rafalska, IFRS Partner (20)
BDO Ukraine brochure"Professional search in finance and tax" english versionBDO Ukraine LLC
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
IFRS update for 31 december 2013 year ends by Katerina Rafalska, IFRS Partner
1. IFRS Update for 31 December 2013 year ends
ar endsPage 1
МСФО и интегрированная отчетность: настоящее и будущее
Update for 31 December 2013 year ends
2. • New, amended, and revised standards effective for
periods ending 31 December 2013
• New, amended, and revised standards effective for
periods beginning on or after 1 January 2014
• Status of IASB projects
Overview
Update for 31 December 2013 year ends
IFRS Update for 31 December 2013 year ends
Page 2
3. New, amended, and revised standards effective
for periods ending 31 December 2013
4. New, amended, and revised standards
Reporting periods beginning on after 1 July 2012
Amendments
i. Presentation of Items of Other Comprehensive Income (IAS 1)
IFRS Update for 31 December 2013 year ends
Page 4
5. New, amended, and revised standards (31 Dec 2013)
i. Presentation of Items of Other Comprehensive Income (1/2)
• Amendment to IAS 1 Presentation of Financial Statements
• Amends the presentation of OCI - now split into two categories (by nature):
1) Those that could subsequently be reclassified to profit or loss
(reclassification adjustments)
- Foreign currency translation differences
- Revaluation of Financial assets classified as Available for Sale.
2) Those that that will not be reclassified
- Revaluation of property, plant and equipment
- Remeasurement of net defined benefit
IFRS Update for 31 December 2013 year ends
Page 5
6. New, amended, and revised standards (31 Dec 2013)
i. Presentation of Items of Other Comprehensive Income (2/2)
Title of the statement
• Change to ‘Statement of profit or loss and other comprehensive income’
(however flexibility to use other names remains in IAS 1)
Presentation of items of OCI before or net of tax
• Option to present items of OCI before or net of tax remains
• If presenting before tax, tax is required to be allocated and disclosed
separately for each of the two OCI groups
IFRS Update for 31 December 2013 year ends
Page 6
7. New, amended, and revised standards
Reporting periods beginning on after 1 January 2013
Consolidation suite (new and revised)
ii. IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of Interests in Other Entities
IAS 27(R) Separate Financial Statements
IAS 28(R) Investments in Associates and Joint Ventures
New Standards
iii. IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine
IFRS Update for 31 December 2013 year ends
Page 7
8. New, amended, and revised standards
Reporting periods beginning on after 1 January 2013
Amendments
iv. Employee Benefits (IAS 19)
v. Government loans (IFRS 1)
vi. Offsetting Financial Assets and Financial Liabilities (IFRS 7)
vii. Annual Improvements to IFRSs 2009-2011 Cycle
IFRS Update for 31 December 2013 year ends
Page 8
9. New, amended, and revised standards (31 Dec 2013)
ii. Consolidation suite - Consolidated Financial Statements (1/5)
• New standard IFRS 10 Consolidated Financial Statements
• High level summary:
- Replaces IAS 27 Consolidated and Separate Financial Statements and SIC-12
Consolidation – Special Purposes Entities
- Introduces a single control model (power, variable returns, linkage), that is the
sole basis for consolidation
- Requires potential voting rights to be substantive
- Specifically includes guidance relating to:
De-facto control
Agency relationships
Silos (i.e. ring-fenced assets and liabilities
IFRS Update for 31 December 2013 year ends
Page 9
10. New, amended, and revised standards (31 Dec 2013)
ii. Consolidation suite - Joint Arrangements (2/5)
• New standard IFRS 11 Joint Arrangements
• High level summary:
- Replaces IAS 31 Interests in Joint Ventures
- Uses the same control model as IFRS 10
- Only two categories of joint arrangement
- Option for proportionate consolidation removed (only equity method)
- Structure of the arrangement no longer the principal factor in determining the
accounting approach – must consider other facts and circumstances
- Joint de-facto control (via IFRS 10)
IFRS Update for 31 December 2013 year ends
Page 10
11. New, amended, and revised standards (31 Dec 2013)
ii. Consolidation suite - Disclosure of Interests in Other Entities (3/5)
• New standard IFRS 12 Disclosure of Interests in Other Entities
• High level summary:
- All disclosure requirements relating to subsidiaries, joint arrangements, associates,
and any other interest held in another entity are solely within IFRS 12.
- Disclosures aim to help a user to understand:
1) The nature of, and risks associated with, its interests in other entities
(whether these are subsidiaries, joint operations, joint ventures, associates
or interests in structured entities that are not consolidated)
2) The effects of those interests on the reporting entity’s financial position,
financial performance and cash flows.
IFRS Update for 31 December 2013 year ends
Page 11
12. New, amended, and revised standards (31 Dec 2013)
ii. Consolidation suite - Separate Financial Statements (4/5)
• Revised standard IAS 27 Separate Financial Statements
• High level summary:
- Deals only with the requirements of separate financial statements
- Previous consolidation requirements moved to IFRS 10 and IFRS 12
- Disclosure requirements related to separate financial statements previously in IAS
28 and IAS 31 moved to IAS 27(R)
- Expanded disclosure - principal place of business.
IFRS Update for 31 December 2013 year ends
Page 12
13. New, amended, and revised standards (31 Dec 2013)
ii. Consolidation suite - Investments in Associates and Joint Ventures (5/5)
• Revised standard IAS 28 Investments in Associates and Joint Ventures
• High level summary:
- Most requirements have been carried forward unchanged
- Accounting for joint ventures now included
IFRS Update for 31 December 2013 year ends
Page 13
14. New, amended, and revised standards (31 Dec 2013)
iii. Stripping Costs in the Production Phase of a Surface Mine (1/2)
• IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine
• Entities in surface mining may find it necessary to remove (‘strip’) mine
waste materials (‘overburden’) to gain access to mineral ore deposits
• In the development phase before production these costs are capitalised
• In the production phase, diversity in practice existed
• IFRIC 20 clarifies that in the production phase of a surface mine:
- Overburden that can be used to build up inventory is accounted for under IAS 2
- Other overburden, that provides access to deeper levels of material that will be
mined in future periods, is recognised as a non-current asset subject to certain
criteria being met.
• Effective for annual periods beginning on/after 1 January 2013, with earlier
application permitted
IFRS Update for 31 December 2013 year ends
Page 14
15. New, amended, and revised standards (31 Dec 2013)
iii. Stripping Costs in the Production Phase of a Surface Mine (2/2)
• Criteria to recognise ‘stripping activity asset’:
- It is probable that the future economic benefit (improved access to the ore body)
associated with the stripping activity will flow to the entity
- The entity can identify the component of the ore body for which access has been
improved
- The costs relating to the stripping activity associated with that component can be
measured reliably.
• The stripping activity asset is not recognised separately - added to an existing
asset (tangible or intangible).
IFRS Update for 31 December 2013 year ends
Page 15
16. New, amended, and revised standards (31 Dec 2013)
iv. Employee benefits (1/2)
• Amendment to IAS 19 Employee Benefits
• Main changes to defined benefit plans (DBP) include:
- Elimination of the ‘corridor’ approach for deferring gains/losses
- Actuarial gains/losses to be recognised in OCI rather than in P&L (and cannot be
reclassified in subsequent periods).
• Other changes include:
- Subtle amendments to timing for recognition of termination benefits.
- Employee benefits expected to be settled (vs. due to settled) wholly within 12
months after the end of the reporting period are short-term benefits, all others are
non-current (and will require discounting)
• Effective for annual periods beginning on/after 1 January 2013, with earlier
application permitted
IFRS Update for 31 December 2013 year ends
Page 16
17. New, amended, and revised standards (31 Dec 2013)
iv. Employee benefits (2/2)
Impacts for entities with DBP
• Full recognition of actuarial gains through OCI and a decrease in the net defined
benefit plan deficit
• Immediate recognition of past service cost in profit or loss and an increase in the net
defined benefit plan deficit
• Reversal through OCI of the difference in the gain arising in the expected rate of
return on defined benefit plan assets and the discount rate.
Impacts for all entities
• Reassessment of measurement and presentation of all employee benefits (particularly
annual leave balances) – will vary entity-by-entity
IFRS Update for 31 December 2013 year ends
Page 17
18. New, amended, and revised standards (31 Dec 2013)
v. Government loans (1/1)
• Amendment to IFRS 1 First-Time Adoption of IFRS
• Applies to first time adopter that had received a government loan at a below-
market rate
• Difference between the proceeds received and the fair value of the loan is
recognised prospectively
• Already incorporated in IAS 20
• Retrospective application is permitted if fair value information was available
when loan was granted
• Effective for annual periods beginning on/after 1 January 2013, with earlier
application permitted
IFRS Update for 31 December 2013 year ends
Page 18
19. New, amended, and revised standards (31 Dec 2013)
vi. Offsetting Financial Assets and Financial Liabilities (1/2)
• Amendments to IFRS 7 Financial Instruments: Disclosure and IAS 32 Financial
Instruments: Presentation
• Amendment clarifies that right of set-off:
a) Must not be contingent on a future event
b) Must be legally enforceable in all of the following circumstances
i. The normal course of business
ii. The event of default
iii. The event of insolvency or bankruptcy of the entity and all counterparties.
• Effective date
- Disclosures (IFRS 7): Annual periods beginning on or after 1 January 2013
and interim periods within those annual periods (early adoption permitted).
- Presentation (IAS 32): Annual periods beginning on or after 1 January 2014
(early adoption permitted)
IFRS Update for 31 December 2013 year ends
Page 19
20. New, amended, and revised standards (31 Dec 2013)
vi. Offsetting Financial Assets and Financial Liabilities (2/2)
• New disclosure requirements (in a tabular format):
a) The gross amounts of those recognised financial assets and liabilities
b) The amounts that are set off when determining the net amounts presented in the
statement of financial position;
c) The net amounts presented in the statement of financial position;
d) The amounts subject to an enforceable master netting arrangement or similar
agreement that are not otherwise included in paragraph b), including:
i. amounts related to recognised financial instruments that do not meet some
or all of the offsetting criteria; and
ii. Amounts related to financial collateral (including cash collateral); and
e) The net amount after deducting the amounts in d) from the amounts in c) above.
IFRS Update for 31 December 2013 year ends
Page 20
21. New, amended, and revised standards (31 Dec 2013)
• vii(a) Repeat application of IFRS 1 (IFRS 1)
• vii(b) Borrowing costs (IFRS 1)
• vii(c) Clarification of requirements for comparative information (IAS 1)
• vii(d) Classification of servicing equipment (IAS 16)
• vii(e) Tax effect of distribution to holders of equity instruments (IAS 32)
• vii(f) Interim financial reporting and segment information for total
assets and liabilities
Page 21
IFRS Update for 31 December 2012 year ends
vii. Annual Improvements 2009-2011 Cycle
22. New, amended, and revised standards effective
for periods beginning on or after 1 January 2014
23. New, amended, and revised standards
Reporting periods beginning on after 1 January 2014
Amendments
i. Investment Entities (IFRS 10)
ii. Offsetting Financial Assets and Financial Liabilities (IAS 32 requirements)
- Refer to previous section (vi)
New Standards
iii. IFRS 9
IFRS Update for 31 December 2013 year ends
Page 23
24. New, amended, and revised standards (31 Dec 2013)
i. Investment Entities (1/1)
• Amendment to IFRS 10 Consolidated financial Statements
• Effective for periods on/after 1 January 2014 (early adoption permitted)
• Note: Not yet EU endorsed
• High level summary:
- Prohibits consolidation accounting for Investment Entities, instead use FVTPL
- Must meet three criteria
- There are also four characteristics to assess – additional disclosures required if any
not met but the entity considers the definition to still be met
IFRS Update for 31 December 2013 year ends
Page 24
26. IASB Work Plan (1/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Financial Crisis related projects
Classification & measurement
(Limited amendments)
Redeliberations
Impairment (comment period
ended 5 July 2013)
Redeliberations
General hedge accounting Target IFRS
Macro hedge accounting Target DP
IFRS Update for 31 December 2013 year ends
Page 26
27. IASB Work Plan (2/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Previous Memorandum of Understanding projects
Leases (comment period ends
13 September 2013)
Redeliberations
Revenue recognition Target IFRS
IFRS Update for 31 December 2013 year ends
Page 27
28. IASB Work Plan (3/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Other Significant Projects
Insurance contracts
(comment period ends 25
October 2013)
Redeliberations
Rate-regulated Activities
- Interim IFRS (comment
period ends 4 September
2013)
Redeliberatio
ns
Rate-regulated Activities
- Comprehensive project
Target DP
IFRS Update for 31 December 2013 year ends
Page 28
29. IASB Work Plan (4/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Narrow-scope amendments
Acquisition of an Interest in a
Joint Operation (IFRS 11)
Target IFRS
Actuarial Assumptions: Discount
Rate (IAS 19)
Target ED
Annual Improvements 2010–2012 Target IFRS
Annual Improvements 2011–2013 Target IFRS
Annual Improvements 2012–2014 Target ED
IFRS Update for 31 December 2013 year ends
Page 29
30. IASB Work Plan (5/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Narrow-scope amendments (Cont’d)
Bearer Plants – amendments to IAS
41 (comment period ends 28
October 2013)
Redeliberati
ons
Clarification of Acceptable
Methods of Depreciation and
Amortisation (IAS 16, IAS 38)
Target IFRS
Defined Benefit Plans: Employee
Contributions (IAS 19)
Target IFRS
Disclosure Requirements about
Assessment of Going Concern
(IAS 1)
Target ED
IFRS Update for 31 December 2013 year ends
Page 30
31. IASB Work Plan (6/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Narrow-scope amendments (Cont’d)
Equity Method: Share of Other Net
Asset Changes (IAS 28)
Target IFRS
Fair Value Measurement: Unit of
Account (IFRS 13)
Target ED
Put Options Written on Non-
controlling Interests (IAS 32)
Target ED
IFRS Update for 31 December 2013 year ends
Page 31
32. IASB Work Plan (7/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Narrow-scope amendments (Cont’d)
Recognition of Deferred Tax Assets
for Unrealised Losses (IAS12)
Target ED
Sale or Contribution of Assets
between an Investor and its
Associate or Joint Venture
(IFRS10 and IAS28)
Target IFRS
Separate Financial Statements
(Equity Method) (IAS27)
Target ED
IFRS Update for 31 December 2013 year ends
Page 32
33. IASB Work Plan (8/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Post-implementation reviews
IFRS 8 Operating Segments Published
Report on 18
July 2013
IFRS 3 Business Combinations Publish
Request for
Information
IFRS Update for 31 December 2013 year ends
Page 33
34. IASB Work Plan (9/9)
As at 29 July 2013
2013
Q3
2013
Q4
2014
Q1
2014
Q2
Conceptual Framework
Conceptual Framework chapters
• Elements of financial
statements
• Measurement
• Reporting entity
• Presentation and disclosure
(comment period ends 14
January 2014)
Redeliberatio
ns
Disclosures: Discussion Forum
• Feedback statement
published 28 May 2013
To double check
IFRS Update for 31 December 2013 year ends
Page 34
35. IFRS Update for 31 December 2013 year ends
ar endsPage 35
МСФО и интегрированная отчетность: настоящее и будущее
Update for 31 December 2013 year ends