IFRS on Point - June 2015_Internal

7/25/2019 IFRS on Point - June 2015_Internal

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For more useful information please see thefollowing websites:

www.iasplus.com

www.deloitte.com

Financial Reporting Developments and Information: June 2015

IFRS Global Office

July 2015

For internal distribution only

Contents

International headlines

International accounting manual updates

Deloitte IFRS communications and publications

IASB and IFRS Interpretations Committee meetings

Hot topics on IFRS

Comment letters

International headlines

IASB issues work plan update

Following its June meeting, the IASB has updated its work plan. The revised plan

moves the target ED date for clarifications arising from the post-implementation review

of IFRS 8 up one quarter to the third quarter of 2015 and extends redeliberations for

insurance contracts project to the third quarter of 2015.

Click herefor more information.

Hans Hoogervorst speaks about historical cost and fair value

At the IFRS Foundations IFRS conference recently held in Paris, IASB Chairman

Hans Hoogervorst spoke about the question of how assets and liabilities should be

measured, a topic he called one of the most difficult topics in accounting.

Mr Hoogervorst pointed at the fact that the recently published exposure draft containing proposals for topical areas where the IASB considers a revision and

amendment of the existing Conceptual Frameworknecessary also included a

chapter on measurement offering a description of different measurement bases,

the information that they provided and their advantages and disadvantages. In this

chapter, the IASB had divided the measurement techniques into two categories:

historical cost and current value. He said that within the current value category, it was

fair value accounting that generated most controversy. However, Mr Hoogervorst

pointed out that the dichotomy between historical cost and fair value is not as stark

as one would expect. He listed four aspects where the assumed stability of historical

cost and the often cited vulnerability of current value were not necessarily that far

apart. He cited:

the fact that, for many transactions, historical cost started and ended with fair

value (or values that came very close to it);

that, despite its name, historical cost was updated too (depreciation/amortisation);

that the alleged stability resulting from historical cost accounting could be

extremely misleading; and

that the stability of historical cost could be interrupted by steep cliff effects.

He summed up:

In conclusion, historical cost is to some extent based on fair value; it needs a degreeof current measurement to maintain its relevance, it is not free from subjective

updating requirements; and it is not necessarily stable. Moreover, historical cost is

also vulnerable to abuse. In sum, all the vulnerabilities that are often attributed to fair

value accounting can be equally pertinent to historic cost.

IFRS on point.
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However, Mr Hoogervorst also stated that it would not do to abandon historical costs completely in favour of fair

value. Instead, he noted in very broad brushstrokes indeed the following general conclusions as to when the

different categories of measurement bases should be applied:

If the nature of business activities is to use assets in combination with other assets to produce goods or services,

this generally points in the direction of historical cost.

If the nature of business activities is to trade assets or liabilities in active markets, this would generally point in the

direction of current value measurement.

If the characteristics of an asset or a liability are such that they are highly sensitive to market factors or to other

risks in the item, this would generally point in the direction of current value measurement.

He also noted of course that more factors than these would need to be taken into consideration, such as the cost of

performing the measurement, the degree of measurement uncertainty, faithful representation and the avoidance of

accounting mismatches. He encouraged his audience to comment on the proposals in the IASBs exposure draft.

Click hereto access the full transcript of Chairman Hoogervorsts speech available on the IASB website.

ASAF membership update

The IFRS Foundation Trustees have announced the new composition of the Accounting Standards Advisory Forum

(ASAF) for the next three years. The ASAF is chaired by the IASB and includes 12 non-voting members from variouslocations around the world.

The composition, which is effective immediately, consists of the following:

Africa region:

Financial Reporting Council of South Africa.

Asia-Oceania region:

Asian-Oceanian Standard-Setters Group.

Accounting Standards Board of Japan.

Australian Accounting Standards Board working with the New Zealand Accounting Standards Board.

China Accounting Standards Committee.

European region:

European Financial Reporting Group.

Accounting Standards Committee of Germany.

Autorit des normes comptables.

Organismo Italiano di Contabilit.

Americas region:

Group of Latin American Accounting Standard Setters.

Canadian Accounting Standards Board.

Financial Accounting Standards Board.

Click herefor more information, see the press release on the IASBs website.

European Commission concludes evaluation of the IAS Regulation

The European Commission has published a report on the evaluation of its Regulation on the application ofInternational Financial Reporting Standards (IFRS). The evaluation aimed at establishing whether the initial objectives

of the IAS Regulation are still relevant and at identifying areas for improvement in the functioning of the IAS

Regulation, if needed.

2IFRS on point
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The key findings of the evaluation launched in August 2014 show that IFRSs were successful in creating a common

accounting language for capital markets. Preparers claimed mostly positive experiences regarding their application of

IFRSs and stated that in most cases benefits outweighed costs. Investors also largely supported IFRS for improving the

transparency and comparability of financial statements. In addition, most stakeholders considered that the process

through which IFRSs become part of EU law works well and the recent reform of the European Financial Reporting

Advisory Group (EFRAG) was supported.

However, the report also identifies room for improvement in some areas. Respondents feel that the collaboration in

the endorsement process could be enhanced to improve timel iness and to allow for a more holistic consideration

of standards with other aspects of EU law. They also stated that while an endorsement process remains necessary

to ensure that the standards developed by the IASB meet EU criteria and are conducive to the European economy,

procedures could be simplified.

All in all the Commission concludes that:

The key objectives of the IAS Regulation have been met.

Evidence suggests that the existing scope of the Regulation and the options given to Member States are

appropriate.

The Commission supports IFRS as global standards and continues to urge the US SEC to adopt IFRS for use by its

domestic companies.

The effectiveness and efficiency of the Regulation depend on the quality of the Standards themselves which should

continue to be appropriately assessed during their development and endorsement.

The Commission encourages Member States to apply ESMA enforcement guidelines.

Click hereto access the press release, click hereto see the report on the European Commissions website and click

hereto access the staff working paper on the European Commissions website.

IASB proposes amendments to IAS 19 and IFRIC 14 on pension accounting

The International Accounting Standards Board (IASB) has published an exposure draft (ED) of proposed amendments

to IAS 19 Employee Benefitsand IFRIC 14IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding

Requirements and their Interaction.The amendments address two issues submitted to the IFRS InterpretationsCommittee.

Comments are requested by 19 October 2015.

Click herefor more information.

IFRS Foundation publishes teaching material for education initiative

The IFRS Foundation has published the third part of its comprehensive, framework-based IFRS teaching material for

its education initiative. The material is free to download and is designed to enhance educators teaching about IFRSs

and to help students develop their abilities to make the necessary estimates and judgments when applying IFRSs and

the IFRS for SMEs.

The material covers the accounting for liabilities, classification of financial instruments with characteristics of

equity, forward contracts, and financial assets and liabilities. In addition, the material is presented in three stages to

accommodate students at different levels:

Stage 1 A students first financial reporting course.

Stage 2 A financial reporting course midway to qualifying as a CA, CPA or equivalent.

Stage 3 A course immediately before qualifying as a CA, CPA or equivalent.

Click herefor more information to see the press release on the IASBs website.

IFRS Foundation publishes proposal related to IFRS Taxonomy 2015

The IFRS Foundation has published Proposed Update 1 to the IFRS Taxonomy for public comment.

The Taxonomy updates contain additional Taxonomy concepts that reflect new IFRSs and improvements to IFRSs,

technical updates, and corrections. This update includes Taxonomy elements for the May 2015 final amendments to

theIFRS for SMEs.

3IFRS on point
http://ec.europa.eu/finance/accounting/docs/ias-evaluation/20150618-press-release_en.pdfhttp://ec.europa.eu/finance/accounting/docs/ias-evaluation/20150618-swd_en.pdfhttp://www.iasplus.com/en/news/2015/06/ias-19?id=en:link:ifrs_on_pointhttp://www.ifrs.org/Alerts/Publication/Pages/IFRS-Foundation-publishes-more-free-teaching-material.aspxhttp://www.ifrs.org/Alerts/Publication/Pages/IFRS-Foundation-publishes-more-free-teaching-material.aspxhttp://www.iasplus.com/en/news/2015/06/ias-19?id=en:link:ifrs_on_pointhttp://ec.europa.eu/finance/accounting/docs/ias-evaluation/20150618-swd_en.pdfhttp://ec.europa.eu/finance/accounting/docs/ias-evaluation/20150618-press-release_en.pdf


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Comments on the proposed update are due by 17 August 2015.

Click herefor more information to see the press release on the IASBs website.

IASB completes post-implementation review of IFRS 3

The IASB has completed its post-implementation review (PIR) of IFRS 3 Business Combinations. The review

concluded that there is general support for IFRS 3 and its related Standards; however, there are several aspects where

additional research is needed.

The PIR report assessed information gathered from academic literature as well as feedback from (1) investors and

other financial statement users and (2) preparers, auditors, and regulators. It showed general support for the

usefulness of reported goodwill, other intangible assets and goodwill impairment. However, views were mixed on

certain elements of the Standard, including the following:

For investors

Subsequent accounting for goodwill.

Separate recognition of intangible assets.

Measurement of non-controlling interests

Subsequent accounting for contingent consideration.

For preparers, auditors, and regulators

Definition of a business.

Fair value measurement.

Impairment test for goodwill.

Contingent payments to selling shareholders who become employees.

The area of amortisation of goodwill was recently covered in a research paper by the Accounting Standards Boardof Japan (ASBJ) and an earlier discussion paper by a joint-research group which included the ASBJ, EFRAG, and OIC

(Organismo Italiano Contabilit)to provide their observations on the topic in order to stimulate a global discussion.

On the basis of the PIR report, the IASB added to its agenda two research projects that will focus on:

Effectiveness and complexity of testing goodwill for impairment.

Subsequent accounting for goodwill.

Challenges related to applying the definition of a business.

Identification and fair value measurement of intangible assets such as customer relationships and brand names.

Click hereto access the press release and click herefor the PIR report on the IASBs website. In addition click here

to see our IASPlus project page on the PIR of IFRS 3.

EFRAG suggests public review of the forthcoming Standard on leases

European Financial Reporting Advisory Group (EFRAG) has sent a letter to the IASB requesting a public fatal flaw review of

the forthcoming leases Standard to ensure that constituents understand the requirements and how to apply them.

In September 2014, EFRAG had called for amending the IASBs consultation process by adding a public fatal flaw review

prior to finalisation of a Standard or a major amendment to a Standard. This time EFRAG is solely suggesting to have this

public fatal flaw for the leases Standard. The IASB at times uses the tool of fatal flaw reviews, and EFRAG feels such a

review is warranted this time as the IASB has put significant redrafting effort into the final Standard, especially with respect

to the definition, since the last public consultation. As a consequence of the substantial changes to the definition, EFRAG

fears that preparers may be confused and not necessarily understand the scope of the new requirements. EFRAG argues:

Unless entities are able to properly understand and apply the definition of a lease and the other requirements in

the Standard, there will be a significant and wasteful use of time debating possible interpretations, which will lead

to a real risk of divergent application.

Click hereto access the letter on the EFRAG website.4IFRS on point
http://www.ifrs.org/XBRL/IFRS-Taxonomy/Pages/Proposed-Update-to-the-IFRS-Taxonomy-2015-published-for-public-comment.aspxhttp://www.google.de/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&cad=rja&uact=8&ved=0CCIQFjAA&url=http%3A%2F%2Fwww.fondazioneoic.eu%2F%3Flang%3Den&ei=apGaVd-tLMuNsgGY7qPQCQ&usg=AFQjCNFa0oKszZ7JWXZmTjyisW-g4BFZTA&bvm=bv.96952980,d.bGQhttp://www.ifrs.org/Alerts/PressRelease/Pages/IASB-completes-Post-implementation-Review-of-Business-Combinations-Standard.aspxhttp://www.ifrs.org/Current-Projects/IASB-Projects/PIR/PIR-IFRS-3/Documents/PIR_IFRS%203-Business-Combinations_FBS_WEBSITE.pdfhttp://www.iasplus.com/en/projects/pir/ifrs-3-pir?id=en:link:ifrs_on_pointhttp://www.efrag.org/files/ED%20Leases%202013/Leases_-_150615_Letter_to_IASB_for_public_fatal_flaw_review.pdfhttp://www.efrag.org/files/ED%20Leases%202013/Leases_-_150615_Letter_to_IASB_for_public_fatal_flaw_review.pdfhttp://www.iasplus.com/en/projects/pir/ifrs-3-pir?id=en:link:ifrs_on_pointhttp://www.ifrs.org/Current-Projects/IASB-Projects/PIR/PIR-IFRS-3/Documents/PIR_IFRS%203-Business-Combinations_FBS_WEBSITE.pdfhttp://www.ifrs.org/Alerts/PressRelease/Pages/IASB-completes-Post-implementation-Review-of-Business-Combinations-Standard.aspxhttp://www.google.de/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&cad=rja&uact=8&ved=0CCIQFjAA&url=http%3A%2F%2Fwww.fondazioneoic.eu%2F%3Flang%3Den&ei=apGaVd-tLMuNsgGY7qPQCQ&usg=AFQjCNFa0oKszZ7JWXZmTjyisW-g4BFZTA&bvm=bv.96952980,d.bGQhttp://www.ifrs.org/XBRL/IFRS-Taxonomy/Pages/Proposed-Update-to-the-IFRS-Taxonomy-2015-published-for-public-comment.aspx


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IASB issues Investor Perspectiveson prudence

The International Accounting Standards Board (IASB) has released a new edition in its Investor Perspectives series.

In this edition, IASB member Steve Cooper discusses the concept of prudence.

On 28 May 2015, the IASB issued an exposure draft on the Conceptual Framework, which reintroduced an explicit

reference to prudence and states that the exercise of prudence supports neutrality. Mr Cooper discussed how issues

with the pre-2010 definition of prudence created uncertainty in practice and noted that the proposed definition

provides more clarity into the approach intended by the IASB.

Click herefor more information, see the June 2015 edition of the Investor Perspectivesnewsletter on the IASBs

website.

IFRS Foundation publishes updated progress report on global use of IFRSs

The IFRS Foundation has issued an updated version of Financial Reporting Standards for the World Economy,

which details the progress made toward global use of IFRSs, including IFRS profiles for 140 jurisdictions around the

world (analysis related to whether IFRSs are required or permitted in those jurisdictions).

The publications observations regarding use of IFRSs in those jurisdictions include the following:

There is general support for global accounting Standards as well as for the use of IFRSs as the global standard.

IFRSs are required for domestic listed companies in 116 jurisdictions, with 60 percent of those jurisdictionsrequiring IFRSs for unlisted financial institutions and 90 percent permitting IFRSs for unlisted companies.

Most of the 24 remaining jurisdictions do not require IFRSs but do permit their use to some degree.

Modifications to IFRSs are rare.

The auditors report refers to compliance with IFRSs in most jurisdictions.

An endorsement process is not performed for 67 percent of 107 jurisdictions (not including the 33 countries of the

EU, the EEA, and EU candidates).

Adoption of the IFRS for SMEs is permitted or required in 73 of the 140 jurisdictions.

Click herefor more information, see the progress report on the IASBs Website.

Chief Accountant of the SEC believes former SEC Chairmans call for burying IFRS was premature

At a financial reporting conference in California, Jim Schnurr, Chief Accountant of the US Securities and Exchange

Commission (SEC) confirmed that the SEC does not intend to bury the objective of a single set of high-quality,

globally accepted accounting Standards.

As in a speech given last month at Baruch college, Mr Schnurr stated that his research to date has revealed that

there is virtually no support to have the SEC mandate IFRS for all registrants, that there is little support for the SEC

to provide an option allowing domestic companies to prepare their financial statements under IFRS, but that there

is continued support for the objective of a single set of high-quality, globally accepted accounting Standards. He

therefore questioned former SEC Chairman Christopher Cox comments at the same conference last year who

had stated: I come to bury IFRS, not to praise them. Given the continued support for convergence, Mr Schnurrcommented that the real questions are: what is the path to achieve that objective and how do we get there? He

opined:

In my opinion, in the near term, FASB and IASB should continue to focus on converging the Standards. The boards

should renew their commitment to cooperate and develop Standards that eliminate differences between IFRS and

U.S. GAAP whenever it meets the needs of its constituents and improves the quality of financial reporting. I recognise

the boards will not always be able to eliminate differences during the standard-setting process, primarily because

they serve different constituents that have different needs. However, when differences in Standards arise, the boards

should monitor the implementation of those Standards with the objective of learning from the implementation and

re-engaging with each other with the goal of converging to the Standard with the highest quality financial reporting

outcome.

5IFRS on point
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Mr Schnurr also commented on revenue recognition and the new converged Standards published in May 2014 and

the work of the joint revenue transition resource group (TRG) which has led to proposedamendments to the FASB

guidance in May and will see proposed IASB amendments in the third quarter of 2015.

The boards should apply the lessons learned from the recent revenue recognition Standard and realise that even

though the words may be the same, to achieve convergence, cooperation is needed after the standard-setting

process is complete and during the implementation stage of the Standards. While the FASB and IASB approach to

clarifying the guidance differs slightly, both boards, as evidenced by their discussions during their joint meeting,

continue to believe they have a converged approach.

Click hereto access the full text of Mr Schnurrs speech on the SEC website and click herefor all conference

materials available on the conference website.

IFRS Foundation issues Taxonomy guide for regulators

The IFRS Foundation has issued a guide, Using the IFRS Taxonomy a Regulators Guide, to help market regulators

and other organisations adopt and use the IFRS Taxonomy within an electronic filing system.

The guide provides details on:

1. How to get started.

2. IFRS Taxonomy architecture.

3. Architecture options for using the IFRS Taxonomy in a filing system.

4. Best practices/recommendations.

Click herefor more information, see the press release and click herefor the guide on the IASBs website.

6IFRS on point
http://www.sec.gov/news/speech/remarks-34th-sec-financial-reporting-institute-conference.htmlhttp://www.uscsecconference.com/assets/2015_SEC_and_Financial_Reporting_Institute_Conference_Materials.pdfhttp://www.ifrs.org/Alerts/PressRelease/Pages/IFRS-Foundation-develops-electronic-filing-guide-for-regulators.aspxhttp://www.ifrs.org/XBRL/Resources/Documents/IFRS%20Taxonomy%202015/IFRSTaxonomy-RegulatorsGuide_v1_final.pdfhttp://www.ifrs.org/XBRL/Resources/Documents/IFRS%20Taxonomy%202015/IFRSTaxonomy-RegulatorsGuide_v1_final.pdfhttp://www.ifrs.org/Alerts/PressRelease/Pages/IFRS-Foundation-develops-electronic-filing-guide-for-regulators.aspxhttp://www.uscsecconference.com/assets/2015_SEC_and_Financial_Reporting_Institute_Conference_Materials.pdfhttp://www.sec.gov/news/speech/remarks-34th-sec-financial-reporting-institute-conference.html


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IInternational Accounting Manual (including IFRS Bound Volume)

Added Q&As

IFRS 15: 4-2: Application of a Portfolio Approach to Part of a Customer Base

IFRS 15: 31-2: Recognition of Upfront Fees Received Upon Entering Into a Contract

IFRS 15: 31-3: Upfront Fees Received Upon Entering Into a Contract Club Membership Fees IFRS 15: 35-4: Meeting More Than One of the Criteria for Recognition of Revenue Over Time

IFRS 15: 42-1: Excluding Costs of Obtaining a Contract From Measure of Progress

IFRS 15: 45-EX-1: Progress Towards Complete Satisfaction of a Performance Obligation Cannot BeReasonably Measured Example

IFRS 15: 81-1: Allocation of a Premium or Surplus

IFRS 15: C8-1: Disclosure in Comparative Periods Upon Application of the Modified Retrospective Methodof Transition to IFRS 15

IFRS 10: 4-5: Application of Exemption From Presenting Consolidated Financial Statements for anIntermediate Parent That Is an Investment Entity

IAS 1(2007): 82-11: Presentation of Negative Interest in The Statement of Comprehensive Income

Amended Q&As

IFRS 2: 43D-1: Intragroup Recharges for Share-based Payment Costs Requirements of IFRS 2

IAS 12: 24-3: Recognition of Temporary Differences Arising From Basis Adjustments to Non-financialItems Under Cash Flow Hedging Arrangements

IAS 12: 24-EX-1: Recognition of Temporary Differences Arising From Basis Adjustments to Non-financialItems Under Cash Flow Hedging Arrangements Example

IAS 12: 43-1: Interests in Joint Arrangements (or, for Entities That Have Not Yet Adopted IFRS 11, Joint Ventures)

IAS 12: 61A-1: Reclassification From Equity to Profit or Loss of Current Tax Effects of Gains and LossesPreviously Recognised in Other Comprehensive Income

IAS 12: 61A-2: Reversal of Deferred Tax Expense on Reclassification From Equity to Profit or Loss of Gainsand Losses Previously Recognised in Other Comprehensive Income

IAS 12: 61A-5: Hedge of a Net Investment in a Foreign Subsidiary

IAS 21: 5-1: Scope Hedging a Net Investment in a Foreign Operation

IAS 27(2011): 10-1: Recognition of an Indemnification Asset Arising From Acquisition of a Subsidiary inSeparate Financial Statements

IAS 28(2011): 42-2: Reversal of impairment of an Equity-method investment that includes goodwill

IAS 28(2011): 42-3: Recognising Impairment for Equity-method Investments

IAS 33: 12-4: Basic Earnings per Share and Mandatorily Convertible Bonds

IAS 40: 5-1: Accounting for Property Accepted as Loan Settlement

Deleted Q&As

IAS 1(2007): 66-1: Presentation of Immature Agricultural Produce in the Statement of Financial Position

IAS 1(2007): 82-6: Presentation of Revenue in the Statement of Comprehensive Income

IAS 34: 16A-5: Disclosure of Segment Information in the First Interim Financial Report FollowingAdoption of IFRS 8

International accounting manual updates

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Deloitte IFRS communications and publications

Issuance Date Description

26 June 2015 IFRS in Focus:IASB proposes amendments to IAS 19 and IFRIC 14 to clarify two

issues

5 June 2015 IFRS in Focus: IASB issues Exposure Draft for a revised Conceptual Framework

18 June 2015 IFRS in your pocket: IFRS in your pocket 2015

Back to top

7IFRS on point
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Description

IASB meeting Clickherefor the 22 25 June 2015 meeting notes

IASB and IFRS Interpretations Committee meetings

Hot topics on IFRS

Topic

Country by country

reporting

Click herefor more information on the developments related to proposals to require

the publishing of financial information by country or jurisdiction.

Differential Reporting Click herefor more information dealing with the financial reporting needs and

requirements of different categories of entities (listed, public, private).

Global financial crisis Click herefor more information on global financial crisis.

Islamic Accounting Click herefor more information responding to concerns that existing accounting

Standards such as IFRSs or local GAAP may be perceived to be insufficient to accountfor and report Islamic financial transactions.

Use of IFRS by jurisdiction Click herefor more information on use of IFRS within different jurisdictions.

IFRS in Europe Click herefor more information on IFRS in Europe.

Research and education

matters

Click herefor more information on research and education matters.

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Comment letters

Description Receiving

party

Date issued/

Comment deadline

Comment letters issued Exposure draft ED/2015/1:

Classification of Liabilities

(Proposed amendments to IAS 1)

IASB

EFRAG

10 June 2015

3 June 2015

Tentative agenda decision on IFRIC 14:

Continuation of a minimum funding

requirement

IASB 1 June 2015

Comment letters pending Exposure draft ED/2015/2: IASB

officially proposes to defer the

effective date of IFRS 15

IASB 3 July 2015

Exposure draft ED/2015/5:

Remeasurement on a Plan

Amendment, Curtailment or

Settlement/Availability of a Refund

from a Defined Benefit Plan

(Proposed amendments to IAS 19

and IFRIC 14)

IASB 19 October 2015

Exposure draft ED/2015/3:

Conceptual Framework for

Financial Reporting


Exposure draft ED/2015/4: UpdatingReferences to the Conceptual

Framework


8IFRS on point
http://www.iasplus.com/en/meeting-notes/iasb/2015/june/june?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/topics/country-by-country-reporting?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/topics/differential-reporting?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/gfc?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/topics/islamic-accounting?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/use-of-ifrs?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/ifrs-in-europe?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/research-and-education?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/publications/global/comment-letters/2015/ed-2015-1?id=en:link:ifrs_on_pointhttp://www.efrag.org/Front/n1-1491/EFRAG-s-comment-letter-on-the-IASB-s-ED-2015-1-Classification-of-Liabilities---Proposed-amendments-to-IAS-1-.aspxhttp://www.iasplus.com/en/publications/global/comment-letters/2015/mar-ifric-upd-ifric-14?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/news/2015/05/ifrs-15-effective?id=en:link:ifrs_on_pointhttp://www.ifrs.org/Current-Projects/IASB-Projects/Conceptual-Framework/Documents/May%202015/Basis-to-ED_CF_MAY%202015.pdfhttp://www.ifrs.org/Current-Projects/IASB-Projects/Conceptual-Framework/Documents/May%202015/ED_Updating-references-to-the-CF_MAY2015.pdfhttp://www.ifrs.org/Current-Projects/IASB-Projects/Conceptual-Framework/Documents/May%202015/ED_Updating-references-to-the-CF_MAY2015.pdfhttp://www.ifrs.org/Current-Projects/IASB-Projects/Conceptual-Framework/Documents/May%202015/Basis-to-ED_CF_MAY%202015.pdfhttp://www.iasplus.com/en/news/2015/05/ifrs-15-effective?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/publications/global/comment-letters/2015/mar-ifric-upd-ifric-14?id=en:link:ifrs_on_pointhttp://www.efrag.org/Front/n1-1491/EFRAG-s-comment-letter-on-the-IASB-s-ED-2015-1-Classification-of-Liabilities---Proposed-amendments-to-IAS-1-.aspxhttp://www.iasplus.com/en/publications/global/comment-letters/2015/ed-2015-1?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/research-and-education?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/ifrs-in-europe?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/use-of-ifrs?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/topics/islamic-accounting?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/gfc?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/topics/differential-reporting?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/resources/topics/country-by-country-reporting?id=en:link:ifrs_on_pointhttp://www.iasplus.com/en/meeting-notes/iasb/2015/june/june?id=en:link:ifrs_on_point


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IFRS on Point - June 2015_Internal

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