Global Standards for the world economy

Thursday 21 January 2021

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Meaning of effective IFRSs

Meaning of effective IFRSs

 Narrow scope amendments (Annual Improvements)

IFRS 1 First-time Adoption of International Financial Reporting Standards: Meaning of effective IFRSs

The objective of this amendment is to clarify the meaning of ‘each IFRS effective at the end of an entity's first IFRS reporting period’ as used in paragraph 7 of IFRS 1 First-time Adoption of IFRSs.

Project stages

Issued documents

Stage 1: Completed Q4 2012


Issued documents

Stage completed: December 2013