IFRS in Practice 2019
13. Mai 2019
Introduction
This publication covers changes to International Financial Reporting Standards (IFRSs) that are effective for the first time in the annual financial statements of entities with 31 December 2018 year-ends, comprising:
- New and amended IFRSs;
- IFRS Interpretations Committee Interpretations (IFRICs).
It also includes Agenda Decisions issued by the IFRS Interpretations Committee during 2018.
In addition, this publication covers changes to IFRSs that are effective in future periods, together with a discussion about major projects that are currently in progress at the International Accounting Standards Board (IASB).
Paragraph 28 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors requires disclosures to be made if the initial application of IFRSs, IFRICs and amendments to IFRSs has an effect on the current period or prior period (or would have an effect except that it is impracticable to determine the amount of the adjustment), or might have an effect on future periods. In some cases, retrospective application is required together with all of the related disclosures set out below. In other cases, retrospective application is not required (for example there may be prospective application, or application to transactions that take place after a specified date) or transitional reliefs are given, meaning that some of the disclosure requirements will not apply.
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