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Monday 28 July 2014

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Cost of an investment

Exposure Draft [Jan 2007]


 

Exposure Draft and Comment Letters


 

In January 2007 the IASB published for public comment proposals to provide further exemptions from the requirements of IFRSs when they are adopted for the first time.

The proposals were set out in an Exposure Draft of proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards.

The proposals respond to concerns about difficulties encountered by parent companies in measuring the cost of an investment in a subsidiary on adopting IFRSs.

The exposure draft is open for comment until 27 April 2007. The Comment period is now closed.. 

Access the due process documents

 

Due process documents
Exposure Draft:  Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards Cost of an Investment in a Subsidiary [PDF]