Aanchal
asked
What are the Pronouncements applicable to entities applying IFRS Registration Form at the IA1. SB effective dates?
Biswajit Mondal
answered
Pronouncements applicable to entities applying IFRS Registration Form at the IA1. SB effective dates
The table below provides a summary of the pronouncements which will be mandatorily applied by entities for the first time at 31 March 2017, for various quarterly reporting periods:
|
Pronouncement |
Effective date* |
Mandatory at 31 March 2017? |
|||
|
1st qtrs |
2nd qtrs |
3rd qtrs |
Full yrs |
||
|
STANDARDS |
|||||
|
IFRS 14 Regulatory Deferral Accounts° |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
AMENDMENTS |
|||||
|
Accounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11) |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38) |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
Equity Method in Separate Financial Statements (Amendments to IAS 27) |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
Annual Improvements 2012-2014 Cycle |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
Disclosure Initiative (Amendments to IAS 1) |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) |
1 January 2016 |
** |
Yes |
Yes |
Yes |
|
Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12)°° |
1 January 2017 |
Yes |
– |
– |
– |
|
Disclosure Initiative (Amendments to IAS 7)°° |
1 January 2017 |
Yes |
– |
– |
– |
|
Annual Improvements to IFRS Standards 2014–2016 Cycle – Amendments to IFRS 12°° |
1 January 2017 |
Yes |
– |
– |
– |
* Generally annual periods beginning on or after the date indicated, may only apply to first-time adopters in some limited cases (see the detailed information for each pronouncement below for full details).
** This pronouncement has already been implemented in previous periods by entities with this reporting date (where it applied to the entity).
For more details click on below link.
