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Tuesday 21 October 2014

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IFRS Interpretations Committee

Financial Reporting in Hyperinflationary Economies: Applicability of the concept of financial capital maintenance defined in terms of constant purchasing power units


 Agenda decision

IAS 29 Financial Reporting in Hyperinflationary Economies: Applicability of the concept of financial capital maintenance defined in terms of constant purchasing power units

The objective of this project is to clarify whether an entity is permitted to use the financial capital maintenance concept defined in terms of constant purchasing power units when the entity’s functional currency is not the currency of a hyperinflationary economy as described in IAS 29.

Project stages

Deliberations

Deliberations

Stage completed: January 2014