Comments invited on two draft Q&As for the IFRS for SMEs
The SME Implementation Group (SMEIG) today published two draft Questions & Answers (Q&As) on the IFRS for Small and Medium sized Entities (SMEs).
IASB proposes an amendment to the accounting for government loans in IFRS 1
The International Accounting Standards Board (IASB) today published for public comment a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. http://www.ifrs.org/Alerts/PressRelease/IFRS1+amendment+Oct+2011.htm
IASB clarifies accounting for costs associated with waste removal in surface mining
The IASB issued today an Interpretation clarifying the requirements for accounting for stripping costs in the production phase of a surface mine. The Interpretation was developed by the IFRS Interpretations Committee, the interpretative body of the IASB. http://www.ifrs.org/Alerts/PressRelease/surface+mine+interpretation+Oct+2011.htm