Beyond the GAAP - March 2013 issue

The first quarter of 2013 is coming to a quiet close – and there is even a gleam of hope in sight! At the end of its March meeting, the IASB finally decided to remove the proposed interpretation on puts on non-controlling interests from its work plan, and to review the controversial elements of IAS 32 with a view to a potential amendment.

Aside from this news, March has been a relatively quiet month – but this will be more than made up for by the action-packed months to come. The upcoming quarter will see the publication of major standards and drafts on leases, revenue recognition and insurance contracts. This is the calm before the storm! 

 

Highlights

IFRS Standards

  • IASB work plan
  • Conceptual framework
  • Draft limited amendment to IAS 19 – Defined Benefit Plans: Employee Contributions
  • Revenue recognition: IASB finally decides to permit early application
  • Puts on non-controlling interests: a light at the end of the tunnel
  • Membership of ASAF
  • Impairment (Phase II of IFRS 9) – IASB publishes new exposure draft 
  • Rate-regulated activities

文件

Beyond the GAAP, March 2013 issue

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