IFRIC Confirms Changes to IFRS 3, Other Annual Improvements to Standards

On March 4, 2010, the International Financial Reporting Interpretations Committee agreed to press ahead with two amendments to International Financial Reporting Standard 3, Business Combinations, proposed for the 2008-2010 cycle of the quick-fix annual improvements project. IFRIC also considered a t...

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Bibliographic Details
Published inAccounting Policy & Practice Report Vol. 6; no. 6; p. 257
Main Author Bouvier, Stephen
Format Trade Publication Article
LanguageEnglish
Published Washington Bloomberg BNA 19.03.2010
Subjects
Accounting
Business combinations
Committees
Exposure drafts
Financial reporting
IFRS 3
International Financial Reporting Standards
Online AccessGet full text
ISSN1558-6642

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Summary:On March 4, 2010, the International Financial Reporting Interpretations Committee agreed to press ahead with two amendments to International Financial Reporting Standard 3, Business Combinations, proposed for the 2008-2010 cycle of the quick-fix annual improvements project. IFRIC also considered a total of seven other amendments to IFRS proposed as part of its 2008-2010 round of improvements. In relation to the IFRS 3 issues, IFRIC confirmed it will proceed, subject to drafting changes, with the changes to IFRS 3 Business Combinations on nonreplaced and voluntarily replaced share-based payment awards (Agenda Paper 5B).
ISSN:1558-6642