home  news  study zone  career advice  pq awards  free mag  advertise  contact  nq mag
PQ magazine is for part qualified accountants.

Read the latest web issue here if you like what you see sign up today

Latest News


Clarifying standards

12 January 2017

As part of its yearly improvement plan the International Accounting Standards Board has published proposed amendments to three standards.

It wants to amendments to IAS 12 Income Taxes, IAS 23 Borrowing Costs, and IAS 28 Investments in Associates and Joint Ventures.
The IASB said the changes to IAS 12 will ensure an entity accounts for all the income tax consequences of dividends in the same way, regardless of how the tax arises.

The Board also proposes to amend IAS 23 to clarify which borrowing costs are eligible for capitalisation as part of the cost of an asset in particular circumstances.

The IAS 28 amendments clarify that an entity should apply IFRS 9 Financial Instruments to long-term interests in an associate or joint venture to which it does not apply the equity method.

[«all news]
preload preload preload preload
Subscribe to RSS