Aanchal
asked over 1 year ago
What are the Pronouncements applicable to entities applying IFRS Registration Form at the IA1. SB effective dates?
Biswajit Mondal
answered over 1 year ago
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.
