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Wednesday 22 October 2014

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Amendments to IFRS 1

Exposure draft [October 2011]


 Exposure draft and Comment letters


 

On 20 October 2011 the International Accounting Standards Board (IASB) today published for public comment a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. 

The International Accounting Standards Board (IASB) The proposed amendment sets out how a first-time adopter would account for a government loan with a below-market rate of interest when they transition to IFRSs.

Comment letter deadline

The comment letter deadline is  5 January 2012.

Click here to read the comment letters.

 

Due process documents
Exposure Draft:   Government Loans (Proposed amendments to IFRS 1)[PDF]
Exposé-sondage: Prêts publics (projet de modification d’IFRS 1) [French][PDF]

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