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The official edition of the consolidated text of the IASB's authoritative pronouncements. This edition presents in a single volume the latest version of International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), IFRIC and SIC Interpretations and the supporting documents-application guidance, illustrative examples, implementation guidance, bases for conclusions and dissenting opinions - as approved for issue by the IASB at 1 January 2008.
The main changes in this 2008 edition of International Financial Reporting Standards IFRS include:
a revised IAS 1 Presentation of Financial Statements
a revised IFRS 3 Business Combinations
a revised IAS 23 Borrowing Costs
an amended IAS 27 Consolidated and Separate Financial Statements
two new Interpretations -
IFRIC 13 Customer Loyalty Programmes
IFRIC 14 IAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding
Requirements and their Interaction
amendments to IFRS 2 Share-based Payment
amendments to other IFRSs resulting from these pronouncements;
the IFRIC Due Process Handbook