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IAS 13 Presentation of Current Assets and Current Liabilities 1979 January 1, 1981: July 1, 1998: IAS 1: IAS 14: Reporting Financial Information by Segment (1981) Segment reporting (1997) 1981 January 1, 1983: January 1, 2009: IFRS 8: IAS 15 Information Reflecting the Effects of Changing Prices 1981 January 1, 1983: January 1, 2005: N/A IAS 16
The International Accounting Standards Committee (IASC) had been established in 1973 and had issued a number of standards known as International Accounting Standards (IAS). As the organization was reformed in 2001, it changed the name of the standard-setting body from IASC to IASB, and established a foundation to oversee it, initially known as ...
IAS prescribes that the discount rate should be based on high quality corporate bonds (usually interpreted as corporate bonds with a credit rating of AA) (paragraphs 78-82 of IAS 19). “Surplus” (the excess of assets over liabilities) can be increased or reduced when actuarial assumptions are not realised, and the accounting method needs to ...
These are based on information from various sources. The starting point was the responses provided by standard-setting and other relevant bodies to a survey that the IFRS Foundation conducted. As of August 2019, profiles are completed for 166 jurisdictions, with 166 jurisdictions requiring the use of IFRS Standards. [7]
IAS 17 Accounting for Leases (1982) required the capitalization of finance leases, a practice that was as yet unusual or unknown outside the United States. [ 9 ] In 1987, the IASC adopted a new strategy of strengthening its standards to make them a suitable basis for financial reporting by companies seeking cross-border stock market listings ...
The IAS serves under the leadership and responsibility of the Internal Auditor of the Commission, a position created in the Financial Regulation. [9] The Internal Auditor of the Commission is Director-General of the IAS and Chief audit executive (CAE) as defined in the Global Internal Audit Standards. [10] The IAS has approx. 150 permanent staff.
The standard notion of quality of an e-variable relative to a given alternative , used by most authors in the field, is a generalization of the Kelly criterion in economics and (since it does exhibit close relations to classical power) is sometimes called e-power; [9] the optimal e-variable in this sense is known as log-optimal or growth-rate ...
IAS 39: Financial Instruments: Recognition and Measurement was an international accounting standard which outlined the requirements for the recognition and measurement of financial assets, financial liabilities, and some contracts to buy or sell non-financial items.