Beyond the GAAP no.46 (English) - June 2011

In June, the IASB was once again busy, with the publication of amendments to IAS 1, the standard IAS 19R and the fourth annual improvements exposure draft (after a pause in 2010). The IASB also announced the publication of a second exposure draft on the revenue recognition project, so that the definitive standard is now expected in 2012, though no precise date has been given. Finally, the impairment proposals in the IFRS 9 project will be the subject of a fresh call for comments. To think that only a few weeks ago these definitive standards were still expected by 30 June 2011!


  • IASB to canvas stakeholders’ opinions on work plan
  • Transfer of power at the IASB
  • The IASB published amendments to IAS 1
  • The SME Implementation Group (SMEIG) publishes its first Q & A
  • Publication of the amended IAS 19
  • IASB to publish a new exposure draft on the impairment of financial assets in September 2011
  • The IASB may propose to postpone the effective date of IFRS 9 to 1 January 2015
  • Revenue Recognition project to be re-exposed
  • Redeliberations of offsetting financial assets and financial liabilities
  • The IASB updates its work plan

A closer look

  • IFRS 10 on consolidated financial statements in 15 Q&As
  • IFRS Improvements, 2011 project
  • Leases: redeliberations continue


Beyond the GAAP n°46 - June 2011
Beyond the GAAP n°46 - June 2011