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International Financial Reporting Standards (IFRS),Current List of International Accounting Standards

List of International Accounting Standards 

The International Accounting Standards Board (IASB) develops the International Financial Reporting Standards (IFRS’s).
Before 2003, the standards issued were known as International Accounting Standards (IAS’s). In 2003, IFRS 1 was issued and since then, all the new standards are now called IFRS’s.
There are currently 28 IAS’s and 16 IFRS’s in issue.            
IFRS
Ø  IFRS 1: First-time Adoption of International Financial Reporting Standards
Ø  IFRS 2: Share-based Payment
Ø  IFRS 3: Business Combinations
Ø  IFRS 4: Insurance Contracts
Ø  IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
Ø  IFRS 6: Exploration for the Evaluation of Mineral Assets 
Ø  IFRS 7: Financial Instruments: Disclosures
Ø  IFRS 8: Operating Segments 
Ø  IFRS 9: Financial Instruments
Ø  IFRS 10: Consolidated Financial Statement
Ø  IFRS 11: Joint Arrangements
Ø  IFRS 12: Disclosure of Interests in Other Entities
Ø  IFRS 13: Fair Value Measurement    
Ø  IFRS 14: Regulatory Deferral Accounts
Ø  IFRS 15: Revenue from Contracts with Customers
Ø  IFRS 16: Leases
IAS
Ø  IAS 1: Presentation of Financial Statements
Ø  IAS 2: Inventories
Ø  IAS 7: Statement of Cash Flows
Ø  IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
Ø  IAS 10: Events After the Reporting Period
Ø  IAS 11: Construction Contracts
Ø  IAS 12: Income Taxes
Ø  IAS 16: Property, Plant and Equipment
Ø  IAS 17: Leases
Ø  IAS 18: Revenue
Ø  IAS 19: Employee Benefits 
Ø  IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
Ø  IAS 21: The Effects of Changes in Foreign Exchange Rates
Ø  IAA 23: Borrowing Costs
Ø  IAS 24: Related Party Disclosures
Ø  IAS 26: Accounting and Reporting by Retirement Benefit Plans
Ø  IAS 27: Consolidated and Separate Financial Statements
Ø  IAS 28: Investments in Associates
Ø  IAS 29: Financial Reporting in Hyperinflationary Economies
Ø  IAS 31: Interests In Joint Ventures (superseded by IFRS  11 and IFRS 12)
Ø  IAS 32: Financial Instruments: Presentation
Ø  IAS 33: Earnings Per Share
Ø  IAS 34: Interim Financial Reporting
Ø  IAS 36: Impairment of Assets
Ø  IAS 37: Provisions, Contingent Liabilities and Contingent Assets 
Ø  IAS 38: Intangible Assets
Ø  IAS 39: Financial Instruments: Recognition and Measurement
Ø  IAS 40: Investment Property
Ø  IAS 41: Agriculture        
  

In my next post I will talk about the interpretations that have originated from the International Financial Reporting Interpretations Committee (IFRICs); and the Standing Interpretations Committee (SIC’s). 

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