Welcome to the website of the IFRS Foundation and the IASB

Saturday 25 October 2014

Banner graphic

Project news


The Interpretations Committee recommended clarifying in IAS 16 how servicing equipment should be classified

 13 May 2010


The Interpretations Committee recommended that the IASB amend IAS 16 to clarify that servicing equipment should be classified as property, plant and equipment when an entity expects to use it in more than one period and otherwise as inventory

Read the May IFRIC Update.