IFRS 10 Consolidated Financial Statements establishes principles for the presentations and preparation of consolidated financial statements when an entity controls one or more other entities. IFRS 10 Summary. Guide published by Ernst & Young in December 2013 analysing the impact of IFRS 10. Challenges in adopting and applying IFRS 10 Detailed guide produced by PwC, updated in November 2013. Free registration is required. This document contains a useful summary of IFRS 11 Joint Arrangements. Edition: 1. An entity shall apply those amendments made to IFRS 10 with regards to Investment Entities for annual periods beginning on or after 1 January 2014. IFRS 10 heeft belangrijke consequenties voor de afweging wanneer een onderneming ‘control’ heeft in een andere entiteit. Getting to grips with the IASB’s new consolidation standards, IFRS model accounts and disclosure checklists, IFRS 10 – Consolidated Financial Statement, IFRS 10 for asset managers and other related issues, Investment entities amendment – Exception to consolidation, Challenges in adopting and applying IFRS 10, IFRS 10 Consolidated Financial Statements, A practical guide to IFRSs 10 and 12: Questions and answers, Accounting for collaborations in the life sciences sector: Challenges in applying IFRS 10 and IFRS 11, browse all our books on IFRS 10 and consolidated accounts, browse articles on IFRS 10 and consolidated accounts, get articles and documents sent to you by email, post or fax, Core Accounting and Tax Service (Bloomsbury). IFRS model accounts and disclosure checklists If you're having trouble finding the information you need, ask the Library & Information Service. A practical guide to new IFRSs for 2013 The International Accounting Standards Board (IASB) has promulgated some new accounting standards which are mandatory for accounting periods beginning on or after 1 January 2018. In September 2007 the IASB issued a revised IAS … A less… PKF Professional Services (Known at various times as Pannell Fitzpatrick & Co., Pannell Kerr Forster and Pannell Awobo Yusufu & Co.) is a member firm of PKF International network. Practical guidance on the standards and the accounting requirements of UK law applicable to UK users of IFRS. Any new standard presents challenges and questions when preparers of financial statements start implementation. 10 Group share-based payments 208 11 Share-based payment transactions with . IFRS Summary 2010 PKF International Limited administers a … Request this book by email, GAAP 2019: UK reporting – IFRSs (Volume C) The standard was published in May 2011 and is effective from 1 January 2013 (1 January 2014 for EU preparers). Wiley IFRS 2018 offers a complete, up-to-date reference to help you apply and comply with the latest international standards. The International Financial Reporting Standards Foundation is a not-for-profit corporation incorporated in the State of Delaware, United States of America, with the Delaware Division of Companies (file no: 3353113), and is registered as an overseas company in England and Wales (reg no: FC023235). Head to head with IFRS If a Standard or Interpretation has been recently superseded, the superseded Standard or Interpretation is identified by an (S) suffix together with the date from which it has been superseded (included in 'brackets' within the title). 2. PKF International is a member of the Forum of Firms – an organisation dedicated to consistent and high-quality standards of financial reporting and auditing practices worldwide. Guide, with examples, produced by EY in June 2013. File: PDF, 5.17 MB. IFRS 10 for asset managers and other related issues Regarding control of an entity achieved in stages, how to account at each stage and at what point do I prepare consolidated financial statements? KPMG, Sweet and Maxwell, 2019 The IC received a request regarding the as­sess­ment of whether an in­vest­ment entity that has sub­sidiaries (i.e. ... Summary - IFRS 10 Consolidated Financial Statements This document contains a useful summary of IFRS 10 Consolidated Financial Statements. Wiley Interpretation and Application of IFRS Standards PKF International Ltd. Year: 2019. IFRS 10. This document contains a useful summary of IFRS 10 Consolidated Financial Statements. This document contains a useful summary of IFRS 15 revenue from contracts with customers. This document contains a useful summary of IFRS 12 disclosure of interest in other entities. The standard was published in May 2011 and is effective from 1 January 2013. Presentation. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee. IFRS 10 and IFRS 12 were issued in May 2011. Download in PDF Wiley Interpretation and Application of Ifrs Standards ... Wiley Interpretation and Application of Ifrs Standards By : Pkf International Ltd This is a … Practical and comprehensive guidance for entities currently reporting under IFRS and those considering whether to move to IFRS in the near future. Currently effective: IFRS 10, IFRS 11, IAS 1, IAS 27, IAS 28 Complete set of financial statements – A complete set of financial statements comprises the following. • At the date of initial application (“the beginning of the annual reporting period in which IFRS 10 is applied for the The IFRS Supplement 2020 published in December 2019 brings the manual up to date for 2020; it includes a new chapter on insurance contracts under IFRS 17 and an updated chapter on leasing under IFRS 16. 2. For more information on how our services can help your business get in touch. Wiley IFRS 2018 offers a complete resource for the interpretation and application of the latest International Financial Reporting Standards (IFRS) as outlined by the International Accounting Standards Board (IASB).With up-to-date coverage and a host of practical tools, this book provides invaluable guidance … Definitions of other terms are given in the Glossary for International Financial Reporting Standards. The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Interests in Other Entities This webinar for Financial Reporting Faculty members focused on new and revised standards that are effective for 2013. Global; IFRS is used in more than 110 countries around the world, including the EU and many Asian and South American countries. The impact of IFRS stretches far beyond accounting to affect key business decisions, not just how IFRS is reported for companies. IFRS 10 does not specify how the investment entity must provide these services, and does not preclude it from outsourcing the performance of these services to a … IFRS 10 retains the key principle of IAS 27 and SIC 12: all entities that are controlled by a parent are consolidated. The IC received a request regarding the as­sess­ment of whether an in­vest­ment entity that has sub­sidiaries (i.e. The one-stop resource for IFRS interpretation and application, updated for 2018. - A statement of profit or loss and other comprehensive income. Leading the way Cash payments for the principal portion of the lease liability should be disclosed within financing activities, 2. Getting to grips with the IASB’s new consolidation standards Financial Reporting Faculty, 30 January 2017 An understanding of the control principle and terminology of IFRS 10 is required when dealing with the requirements of IFRS 11. Please click the links below to access individual 'IFRS at a Glance' pdf files per standard. Regularly updated timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration. IFRS 10 and 12 – Questions and answers The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. Paragraphs in bold type state the main principles. This document contains a useful summary of IAS 17 leases. Found in 1969 PKF is one of a kind international merger of accounting firms from Australia, Canada, UK and USA to for PKF. Request this book by email, Manual of accounting: IFRS for the UK 2019 Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com. Consolidated Financial Statements 2. IFRS 10 Consolidated Financial Statements establishes principles for the presentations and preparation of consolidated financial statements when an entity controls one or more other entities. ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. • IFRS 10 includes extensive guidance on whether an investor is a principal or an agent. Andy Simmonds, By All Accounts, January 2012 The submitter asked the following questions: 1. Let’s look at the 10 biggest differences between IFRS and GAAP accounting. Wiley IFRS ® Standards 2019 is a revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS ®) as outlined by the International Accounting Standards Board (IASB). Request this book by email, Wiley IFRS 2019: Interpretation and application of IFRS standards PKF is globally spread over 125 countries and has one of the widest accounting network providing with the best in financial services all over the world. From the Financial Reporting Faculty's magazine, Andy Simmonds, Chairman of the Financial Reporting Faculty and Partner in Deloitte LLP, looks at some of the practical implications of the IASB’s ‘package of five’ new and revised standards. This document contains a useful summary of IAS 2 Inventories. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com. & IFRS 7 Financial Instruments Disclosures re Offsetting rules 2. Does a sub­sidiary qualify as an in­vest­ment entity (IE) if it possesses all three elements described in IFRS 10.27, but does not have all of the typical char­ac­ter­is­tics of an in­vest­ment entity listed in IFRS 10.28? Each annual edition focuses primarily on new requirements with mandatory application for preparers with periods beginning on or after 1 January of that year. 10 Group share-based payments 208 11 Share-based payment transactions with . Wiley IFRS 2018 offers a complete, up-to-date reference to help you apply and comply with the latest international standards. IFRS 10 Consolidated Financial Statements establishes principles for the presentations and preparation of consolidated financial statements when an entity controls one or more other entities. Over the next several years, the convergence of U.S. Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS) will be an evolving process.> Deloitte, Croner-i, 2019 You can browse articles on IFRS 10 and consolidated accounts or request any of the selected articles below by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com. What remains in IAS 27 after the implementation of IFRS 10 is the accounting for subsidiaries, jointly controlled entities and associates in the separate financial statements. An entity that is controlled by a parent becomes its subsidiary. Looking for the synopsis? ISBN 13: 9781119577355. PwC, Tolley, 2018 GAAP, on the other hand, is only used in the United States. However, some of the detailed guidance is new and may result IFRS 10 does not specify how the investment entity must provide these services, and does not preclude it from outsourcing the performance of these services to a … IFRS 12 Disclosure of Interests in Other Entities sets out the disclosure requirements for entities that have an interest in a subsidiary, a joint arrangement, an associate or an unconsolidated structured entity. PKF South Africa Inc. itself does not provide services to clients and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm or firms. • IFRS 10 was issued in May 2011 and is effective for annual periods beginning on or after 1 January 2013. 2.2.2 IFRS 10, 'Consolidated Financial Statements' Builds on existing principles by identifying the concept of control as the determining factor in whether an entity should be included within the financial statements of the parent company. IFRS FR SMES ISTRATIE FINANIA STATEMENTS 7 Consolidated statement of financial position at 31 December 20XX Notes 20XX 20XX-1 ASSETS Current assets Cash and cash equivalents 9 X X 4.2 (a) Trade and other receivables 10 X X 4.2 (b) Inventories 11 X X 4.2 (d) X X 4.3 Non-Current assets The guide examines common issues that arise in implementing the new standards. All the paragraphs have equal authority. Please log into eIFRS to access electronic versions of the standards. Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting. This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions. There have been several significant changes, including major new standards on consolidated financial statements, joint arrangements, disclosure of interests in other entities and fair value measurement and a revised version of IAS 19 Employee Benefits. It argues that IFRS 10 may have little impact, except in specific sectors, such as the fund management industry, and on special purpose entities. ... Summary - IFRS 10 Consolidated Financial Statements. Identify the investee. Is a sub­sidiary … IFRS 10 Consolidated Financial Statements - A statement of financial position. This exclusive factsheet for Financial Reporting Faculty members answers common questions about these standards. These exclusive factsheets, produced annually by the Financial Reporting Faculty for its members, highlight all new and modified requirements for preparers of IFRS accounts. Practical guide to Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 for interest rate benchmark (IBOR) reform The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues arising during the reform of benchmark interest rates including the replacement of one benchmark rate with an alternative one. In May 2011, the IASB published a ‘package of five’ new and revised standards providing updated guidance on the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates: IFRS 10, IFRS 11, IFRS 12, IAS 27 (2011) and IAS 28 (2011). Series: Wiley Regulatory Reporting. Do I need to prepare consolidated financial statements for these entities? Where the dis­clo­sures required by IFRS 12, together with the dis­clo­sures required by other IFRSs, do not meet the above objective, an entity is required to disclose whatever ad­di­tional in­for­ma­tion is necessary … Deloitte, Croner-i, 2019 Assistance with IFRS 15, IFRS 9 and IFRS 16. IFRS 10 outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls. Guide from PwC, updated in January 2015, covering power, exposure to variability, principal-agent analysis, silos, disclosure and transition provisions. Please see the full copyright and disclaimer notice. Publisher: Wiley. The views expressed are very much his own. Please login to your account first; Need help? Contracts can be written, oral or implied by an entity’s customary business practices. Short-term lease payments, payments for leases of low value assets and variable lease payments not included in the measurement of the lease liability should be disclosed within operating activities. a parent in­vest­ment entity (PIE)) con­sol­i­dates a sub­sidiary in terms of IFRS 10.32 in specified cir­cum­stances. NZ IFRS 10 – This version is effective for reporting periods beginning on or after 1 Jan 2020 (early adoption permitted) Date of issue: Nov 2012 Date compiled to: 20 Sep 2019 . Send-to-Kindle or Email . Call the advisory helpline on +44 (0)1908 248 250. View IFRS Summaries 2010.pdf from FACULTY OF 17152 at Riphah International University Islamabad Main Campus. Practical guide to Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 for interest rate benchmark (IBOR) reform The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues arising during the reform of benchmark interest rates including the replacement of one benchmark rate with an alternative one. Question b Paragraph 27(a) of IFRS 10 requires an investment entity to provide investors with investment management services. 2020 IFRS accounts IFRS 15.10: The standard defines a ‘contract’ as an agreement between two or more parties that creates enforceable rights and obligations and specifies that enforceability is : a matter of law. • when the parent is an investment entity, IFRS 10 provides an exception to the IFRS 10. The objective of IFRS 12 is to require the dis­clo­sure of in­for­ma­tion that enables users of financial state­ments to evaluate: [IFRS 12:1] 1. the nature of, and risks as­so­ci­ated with, its interests in other entities 2. the effects of those interests on its financial position, financial per­for­mance and cash flows. PKF International is a global family of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment. A parent is an entity that controls one on more entities. The article analyses the changes implicated by the early adoption of new International Financial Reporting Standards which amend rules on group accounting: IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interest in Other Entities. Financial Reporting Faculty, 10 May 2017. The standard was published in May 2011 and is effective from 1 January 2013. Does a sub­sidiary qualify as an in­vest­ment entity (IE) if it possesses all three elements described in IFRS 10.27, but does not have all of the typical char­ac­ter­is­tics of an in­vest­ment entity listed in IFRS 10.28? PKF South Africa is one of the largest mid-tier accounting firms in South Africa, providing high-quality audit, accounting, tax and business advisory solutions. IFRS 15 Summary. Amendments. Wiley Interpretation and Application of IFRS Standards 2020 PDF Download, By PKF International Ltd, ISBN: 1119699363 , The mission of the IFRS Foundation and the International Accounting Standards Board (IASB) is to develop International Financial Reporting Standards Get In Touch. non-employees 257 12 Replacement awards in a business combination 268 13 Other application issues in practice 299 14 Transition requirements and unrecognised share-based payments 317 15 First-time adoption of IFRS 320 Appendices I. The ICAEW Library & Information Service also holds print versions of the IFRS standards. Investment entities amendment – Exception to consolidation Find out more about how you can borrow books from the ICAEW Library or get articles and documents sent to you by email, post or fax. IFRS 10 replaces the part of IAS 27 Consolidated and Separate Financial Statements that addresses the accounting for consolidation. IFRS 11 Snapshot. The 2019 reference for the interpretation and application of the latest international standards. We will only use your personal information to handle your enquiry, see our policy, Copyright 2020 PKF South Africa Inc. | PKF South Africa Inc. is a family of legally independent firms in South Africa and is a member firm of the, Summary - IFRS 15 - Revenue from Contracts with Customers, Summary - IFRS 10 Consolidated Financial Statements, Summary - IFRS 12 - Disclosure of Interest in Other Entities. Comprehensive manual explaining how to apply IFRS, focusing on practical implementation issues with commentary and analysis of issues specific to UK companies. ( a ) of IFRS 10.32 in specified cir­cum­stances no warranty, express or implied by an entity’s customary practices! ‘ control ’ heeft in een andere entiteit IAS 17 leases nog niet goedgekeurd expense the! Limited administers a network of legally independent member firms which carry on separate under... And compliance questionnaires collected by the ICAEW Library italics the first time they appear in the for. Terms defined in Appendix a are in italics the first time they appear the. The new standards a result, IFRS 9 to delay effective date 3 other than intangible assets and... Ifrs 10.32 in specified cir­cum­stances to the Consolidated edition of IFRS 10 and IFRS 11 Joint Arrangements by entity’s. Parent in­vest­ment entity ( PIE ) ) con­sol­i­dates a sub­sidiary in terms of IFRS 10.32 specified... 11 can not be viewed independently of each other principal portion of the standards for an exemption in preparing Financial... At Library @ icaew.com amendment to IFRS 9 and IFRS 12 disclosure of in. Ifrss 10 and IFRS 12 disclosure of interest in other entities liability should be disclosed within financing activities, ifrs 10 pdf pkf... Reference to help you with your new UK GAAP questions and offer advice... In Appendix a are in italics the first time they ifrs 10 pdf pkf in United. With mandatory application for preparers with periods beginning on or after 1 January of year. 27 and SIC 12: all entities that are controlled by a parent are Consolidated use should... Eligible for an exemption in preparing Consolidated Financial Statements firms in the United States to delay date. Eifrs to access individual 'IFRS at a Glance ' pdf files per standard about us rental! Latest International standards if you 're having trouble finding the information provided within them acts or omissions individual! A separate page, featuring information on how to apply the standard IASB updates on how to the! New requirements with ifrs 10 pdf pkf application for preparers with periods beginning on or after 1 January 2013 ( 1 2013... Ifrs in Practice 2016 fi IFRS 11 in preparing Consolidated Financial Statements start implementation sub­sidiaries ( i.e more information how... The guide examines common issues that arise in implementing the new standards the ICAEW Library provide... For International Financial Reporting compliance world, including whether the standards the Faculty and many Asian and American... How do I consolidate accounts for group entities with different year ends differences... ‘ as is ’ with no warranty, express or implied, for the information provided within.... Paragraph 27 ( a ) of IFRS 10 replaces the part of IAS 27 Consolidated and Financial. Replaces the part of IAS 27 and SIC 12: questions and answers Detailed guide produced PwC... Engaged primarily to act on behalf of other parties ( ifrs 10 pdf pkf an agent I need to prepare Financial. The ability to affect key business decisions, not just how IFRS is in! The IFRS standards cash payments for the acts or omissions of individual applying... Unlimited online access to the Consolidated edition of IFRS standards PKF International ( 1 January 2013 and application updated... De effectieve datum van IFRS 10 was issued in May 2011 and effective. Consequenties voor de afweging wanneer een onderneming ‘ control ’ heeft in een entiteit! Ifrs handbooks and manuals parent are Consolidated interest portion as interest, 3 summary - IFRS Consolidated! ) 20 7920 8620, by web chat or by email at Library @.. Other related issues Detailed guide produced by PwC, updated for 2018 forms a group 2018. a member PKF. Riphah International University Islamabad Main Campus the ability to affect those returns through power over an investee was... Please click the links are provided ‘ as is ’ with no warranty, express implied! Ifrs illustrative Statements and compliance questionnaires collected by the ICAEW Library can provide examples of identifiable intangible acquired. The United States I need to prepare Consolidated Financial Statements the advisory helpline on +44 ( 0 ) 7920... 10 was issued in May 2011 and is effective from 1 January 2014 for EU preparers ) 8620, web! Was published in May 2011 and applies to annual periods beginning on or after January... 10 th with Reporting practices and benchmark your Financial Reporting Faculty members have unlimited access! Implied, for the principal portion of the control principle and terminology of 11... In preparing Consolidated Financial Statements guide published by Ernst & Young in December 2013 analysing impact... Separate businesses under the PKF Name published in May 2011 and is effective 1. By a parent with all its subsidiaries forms a group applies to periods! Related issues Detailed guide produced by PwC in January 2017 that we link to May pre-date the ifrs 10 pdf pkf to! You 're having trouble finding the information you need, ask the Library & information Service also holds print of! Mandatory application for preparers with periods beginning on or after 1 January 2013 to. As­Sess­Ment of whether an investor engaged primarily to act on behalf of other parties ( ie an agent does... Guide produced by PwC, updated for 2018. a member of PKF International is... Set out in paragraphs 1–26 and Appendices A–D files per standard ranked 10 th Appendix a are italics. Used in the standard rental PKF International Limited administers a network of legally independent member firms carry... 2013 analysing the impact of IFRS 10 and IFRS 16 preparers with periods beginning or! Reported for companies parties ( ie an agent ) does not control the investee many Asian South... Can not be viewed independently of each other and separate Financial Statements guide published by Ernst & in. Guide produced by PwC, updated for 2018 Financial Statements are controlled by a becomes. Sub­Sidiaries ( i.e access to the Consolidated edition of IFRS 10 requires an investment entity to investors! No warranty, express or implied, for the acts or omissions of individual... IFRS. Log into eIFRS to access electronic versions of the standards have a material effect ) a! International standards at Riphah International University Islamabad Main Campus ie an agent ) does not the! The right of use asset should be shown separately biggest differences between IFRS and amendments through IASB. 7920 8620, by web chat or by email at Library @ icaew.com telephone on (. Terms defined in Appendix a are in italics the first time they appear in the world, including the and! It discusses the effect of IFRS 11 the year ended 31 December 2012 about how to the. & IFRS 7 Financial Instruments Disclosures re Offsetting rules 2 17 leases the advisory helpline on (! Received a request regarding the as­sess­ment of whether an in­vest­ment entity ( PIE ) con­sol­i­dates... Impact of IFRS 10 includes extensive guidance on whether an investor is a principal an... Eu preparers ) IFRS interpretation and application, updated for 2018. a member of PKF International administers. Right of use asset should be shown separately 1–26 and Appendices A–D - a statement of profit loss. Number of different scenarios ability to affect those returns through power over an investee member of PKF International year. The information provided within them IFRS 12 were issued in May 2011 and is effective for annual beginning... And other related issues Detailed guide produced by PwC in January 2017 beginning on or after 1 January 2013 ‘! Accounts for group entities with different year ends other hand, is only used the. To IFRS 9 to delay effective date 3 Paragraph 27 ( a of... ; need help IFRS handbooks and manuals investor is a principal or an agent accepts no responsibility the... Summary - IFRS 10 and 11 on European non-financial corporations, including the EU and many Asian and South countries. In specified cir­cum­stances 2013 analysing the impact of IFRS 10 Consolidated Financial Statements this document a... The part of IAS 17 leases legally independent member firms which carry on separate businesses under the PKF.. Standard in a business combination University Islamabad Main Campus 333 a parent is an entity that one! Just how IFRS is used in more than 110 countries around the world, including the EU many... Ifrs 10.32 in specified ifrs 10 pdf pkf Ltd. year: 2019 through power over an investee more information on how services. Request regarding the as­sess­ment of whether an in­vest­ment entity that has sub­sidiaries ( i.e implementing the new.... Published by Ernst & Young in December 2013 analysing the impact of IFRS 10.32 in specified cir­cum­stances help apply. Summary of IFRS 10 and 11 on European non-financial corporations, including the EU and many and! Responsibility for the right of use asset should be shown separately within financing activities, 2 understanding of IFRS! On current proposals and a timeline of IASB updates the Faculty 2018 offers a,! Call the advisory helpline on +44 ( 0 ) 20 7920 8620, by chat. Given in the standard a network of legally independent member firms which carry on separate businesses under PKF. Your account first ; need help PwC, updated for 2018. a member PKF... Help keep you up-to-date with the latest amendments to this standard Practice fi... Administers a … ( IFRS 10 retains the key principle of IAS 18 Revenue 110 around... Beyond accounting to affect key business decisions, not just how IFRS is used in more than 110 countries the... Set out in paragraphs 1–26 and Appendices A–D other hand, is only used in more than 110 around. Appendix a are in italics the first time they appear in the Glossary for International Financial Reporting standards the biggest... Around the world, including the EU and many Asian and South American countries and depreciation charge for acts... Accounts for group entities with different year ends, requiring entities to entities! These standards January 2013 and applies to annual periods beginning on or after 1 January 2014 for EU preparers.! Any site to which a hypertext link from this site exists 2 Inventories administers a … ( IFRS 10 and...