• INTERNATIONAL FINANCIAL REPORTING BULLETIN 2017/05
Publication:

INTERNATIONAL FINANCIAL REPORTING BULLETIN 2017/05

03 March 2017

In order to comply with paragraph 30 in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors entities need to make disclosures about new IFRSs that have been issued but are not yet effective when they have decided not apply the new IFRSs at their reporting date. Disclosures need to include ‘known or reasonably estimable information relevant to assessing the possible impact that application of the new IFRS will have onthe entity’s financial statements in the period of initial application’.