IASB issues Mandatory Effective Date and Transition Disclosures (Amendments to IFRS 9 and IFRS 7)

The IASB issued Amendments to IFRS 9 and IFRS 7: Madatory Effective Date and Transition Disclosures,  that defer the mandatory effective date from 1 January 2013 to 1 January 2015. Early application of...

IASB and FASB issue common offsetting disclosure requirements

The IASB) and the FASB issued common disclosure requirements to better assess the effect or potential effect of offsetting arrangements on a company’s financial position. For the IASB, these requirements...

ESMA issues the document “Sovereign debt in IFRS financial statements”

The European Securities and Markets Authority (ESMA) has issued a statement concerning the accounting treatment in relation with sovereign debt exposures in connection with current market developments....

Commission Regulation (EU) No 1205/2011 adopts Amendments to IFRS 7

The Commission Regulation (EU) No 1205/2011 of 22 November 2011, published in the Official Journal of the European Union L 305 on 23 November 2011, adopts Amendments to IFRS 7 Financial Instruments:...

IASB and FASB issue ED Revenue from Contracts with Customers

The IASB and the FASB issued for public comment a revised draft standard to improve and converge the financial reporting requirements of IFRSs and US GAAP for revenue recognition. If adopted, the proposed...
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