Amendments to ias 16 and ias 38 pdf

The PDF is larger than 50 pages and may take a moment to load. Cancel Continue. Information; Table of Contents. (Amendments to IAS 16 and IAS 38) as issued in May 2014; Dissent of Patrick Finnegan and Patricia McConnell from Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) June 2014; IAS 2, IAS 16 and IAS 38, when considering examples of costs that should be included or excluded from an onerous contract provision. The example in paragraph 68A relates only to a contract to provide goods or services. This goes some way to address the gap created by removing the guidance in IAS 11 on DO1 Mr Finnegan and Ms McConnell voted against the publication of Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) issued in June 2014 (the 'June 2014 Amendment') because they believe that including bearer plants within the scope of IAS 16 Property, Plant and Equipment instead of IAS 41 Agriculture will eliminate information about the fair value changes in bearer plants and the 38, Disclosure of Interests in Other Entities IFRS 12 4, The Effects of Changes in Foreign Exchange Rates IAS 21, IFRIC 22 23, Revenue from Non-Exchange Transactions (Taxes and Transfers) − 39, Employee Benefits IAS 19 5, Borrowing Costs IAS 23 (Amendments to IAS 16 and IAS 41) Amortisation, Proposed amendments to IAS 16 and IAS 38 response to exposure draft 3 April 2013 . 2 CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy The following standards, interpretations and amendments are effective as of 1 January 2022: • Amendments to IFRS 1, IFRS 9 and IAS 41 - Annual Improvements to IFRS Standards 2018-2020; • Amendment to IAS 16 - Property, Plant and Equipment: Proceeds before Intended Use; May 2014 On May 12, 2014, the IASB is­sued Amend­ments to IAS 16, Prop­erty, Plant and Equip­ment, and IAS 38, In­tan­gi­ble As­sets: Clar­i­fi­ca­tion of Ac­cept­able Meth­ods of De­pre­ci­a­tion and Amor­ti­za­tion. Clarification of Acceptable Methods of Depreciation and Amortization - IDG May 31, 2016 The IASB is proposing to amend IAS 16 to prohibit deducting from the cost of property, plant and equipment any proceeds from selling items produced while bringing that property, plant and equipment to the location and condition necessary for it to be capable of operating in the manner intended by management. 81I Clar ification of Acceptable Methods of Depreciation and Amor tisation (Amendments to IAS 16 and IAS 38), issued in May 2014, amended paragraph 56 and added paragraph 62A. An entity shall apply those amendments prospec­ tively for annual per iods beginning on or af ter 1 Januar y 2016. Version date: 26 February 2020 - onwards. Version 1 of 1. Point of maturity (para. BC82) BC82 Most respondents to the ED requested additional guidance on when a bearer plant is in the 'location and condition necessary for it to be capable of operating in the manner intended by management' in accordance with paragraph 16 (b) of IAS 16 - ie The PDF is larger than 50 pages and may take a moment to load. Cancel Continue. Information; Table of Contents. (Amendments to IAS 16 and IAS 38) as issued in May 2014; Dissent of Patrick Finnegan and Patricia McConnell from Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) June 2014; Property, plant and equipment (IAS 16) I