The former aim to clarify the accounting treatment of sales between an investor and its associates or joint ventures, while the latter are intended to clarify the accounting treatment of interests in joint operations.
The last hurrah of 2012 in Europe has been the adoption of a slew of standards, amendments to standards and an interpretation, including the new consolidation package (IFRS 10, IFRS 11, IFRS 12, IAS 27, IAS 28).
- IFRS standards
- European matters
A Closer Look
- Publication of proposed amendments to IFRS 10 and IAS 28
- Revenue recognition project: IASB and FASB still discussing but close to agreement
- IASB publishes the outcomes from the IASB’s Agenda Consultation 2011