Applying IFRS - IBOR reform (October 2020)

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EY Global IFRS

30 Sep 2020 PDF

The IASB has completed its amendments to IFRS to address the accounting issues posed by IBOR reform. 

This Applying IFRS provides an overview of the reliefs and the additional disclosures required, and identifies the key considerations for entities, including worked examples, as they implement the requirements.

The effective date for the Phase 2 Amendments is 1 January 2021, early adoption is permitted.