The European Commission’s Accounting Regulatory Committee (ARC), has voted in favour of the adopting the amendments to IFRS 1 – Government Loans.

The amendments to IFRS 1 were issued by the International Accounting Standards Board earlier this year but following the ARC’s vote, will be effective from the 1 January 2013.

Amendments to the IFRSS will affect the following five standards:

– IFRS 1 First-time Adoption of International Financial Reporting Standards

– IAS 1 Presentation of Financial Statements

– IAS 16 Property, Plant and Equipment

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

– IAS 32 Financial Instruments: Presentation

– IAS 34 Interim Financial Reporting

ARC is composed of representatives from EU member states and chaired by the European Commission.

Related links

Accounting Regulatory Committee