FAAS Bi-Weekly

This bi-weekly provides regular thought leadership and events on accounting, regulatory and financial services industry topics to help readers better understand trends and developments in Asia Pacific and prepare for navigating the rapid changes.

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Jan4

Exposure drafts issued on narrow amendments to IFRS 10, IFRS 11 and IAS 28


In this issue of IFRS Developments (pdf 485kb), we discuss the proposals for the two exposure drafts issued by IASB in December 2012, as follows:

  • The proposed amendment to IFRS 11 clarifies how to account for an acquisition of an interest in a joint operation that is a business as defined in IFRS 3
  • The proposed amendments to IAS 28 (2011) and IFRS 10 clarify how to account for the sale/contribution of assets by an investor to its associate or joint venture, which will depend on whether the asset being contributed is a business as defined in IFRS 3


FAAS Weekly in 2012