IASB completed projects
This is the archive of completed IASB projects.You can use the links on the left-hand side to access pages for old projects, including information on that project such as the due process documents, comment letters received, and other materials.
| Projects completed in 2012 |
| Amendment to IFRS 1 (Government Loans) On 13 March 2012 the IASB published an amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards . The amendments, dealing with loans received from governments at a below market rate of interest, give first-time adopters of IFRSs relief from full retrospective application of IFRSs when accounting for these loans on transition. It provides the same relief to first-time adopters as is granted to existing preparers of IFRS financial statements when applying IAS 20 Accounting for Government Grants and Disclosure of Government Assistance . The amendments are effective for annual periods beginning on or after 1 January 2013, with earlier application permitted. |