Global Standards for the world economy

Tuesday 18 February 2020

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 Effective Dates

Project milestones




The IASB initiated this project to gather further input from stakeholders on how the Board should determine the effective dates and transition requirements of its major projects (revenue recognition, leases, insurance and financial instruments) in order to reduce the burden on affected parties. The US Financial Accounting Standards Board (FASB) conducted a similar consultation.

In 2011, the IASB decided to seek additional views on its Revenue Recognition and Leases projects. The staff will provide recommendations on the proposed effective dates once the Board has completed its review of those projects


Project news

15 April 2011: The IASB and FASB staff have prepared a 5-10 minute survey to seek the views from users on whether or how to sequence effective dates for a number of projects that are due to completed this year. Click here for the survey.
A printable PDF document of the survey is also available here. Please note that this PDF is for information only and to answer the survey questions you need to go to the online survey linked to in the paragraph above.

8 February 2011 The staff are reviewing comments received on the Request for Views and will present a summary and a project plan to the Board in March 2011.

19 October 2010 The IASB together with the US-based FASB published a Request for Views to gather views with a comment period that ends on 31 January 2011.


Last IASB meeting update 

26 January 2012

The Board considered whether to defer the 1 January 2013 effective date of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, IAS 27 Separate Financial Statements and IAS 28 Investments in Associates and Joint Ventures ('the new standards'), in response to a request by the European Financial Reporting Advisory Group (EFRAG).  

Click here to read previous IASB Updates about this topic .


Next discussion by the IASB

This project will next be discussed in February or March 2012.


Page last updated: 3 February 2012

Related information

Project contacts

Li Li Lian
Technical Manager