• IFRS Bulletin 2017-16
Article:

IFRS Bulletin 2017-16

22 February 2018

Annual Improvements to IFRS Standards 2015-2017 Cycle

 

Summary

On 12 December 2017, the IASB issued its annual improvements to IFRS Standards 2015-2017 Cycle. The amendments relate to an exposure draft issued on 12 January 2017.

The Improvements affect four standards as follows:

Standard Affected Amendment Relates To: Effective date

IFRS 3

Business Combinations

 

Remeasurement of an investor’s previously held interest in a joint operation that is a business when it obtains control of the business.

 

Periods beginning on or after 1 January 2019

IFRS 11

Joint Arrangements

 

Remeasurement of an investor’s previously held interest in a joint operation that is a business when it obtains joint control of the business

 

Periods beginning on or after 1 January 2019

IAS 12

Income Taxes

 

Accounting for the income tax consequences of dividend payments

 

Periods beginning on or after 1 January 2019

IAS 23

Borrowing Costs

 

Clarifying which borrowing costs are eligible for capitalisation

 

Periods beginning on or after 1 January 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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