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"" FRSs effective for annual periods beginning on 1 Jan 2013
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Home > Accounting Standards > Changes to Financial Reporting Standards effective for annual periods beginning after 1 January 2013
 

CHANGES TO FINANCIAL REPORTING STANDARDS EFFECTIVE FOR ANNUAL PERIODS BEGINNING AFTER 1 JANUARY 2013


The standards issued by the ASC are published for your personal use only. As the FRSs and INT FRSs issued by the ASC are based on the IASs/IFRSs and SICs/IFRICs issued by the International Accounting Standards Board, please contact the IFRS Foundation for permission to use the standards for third-party and commercial purposes.

The following are new/revised/amendments to FRSs and INT FRSs issued by the ASC (up to 31 December 2013) which are effective after 1 January 2013.

Reference Title
Effective date (Annual periods beginning on or after) Issuance date
       
Issued in 2011
FRS 27  Separate Financial Statements 1.1.20141 20.9.2011
FRS 28  Investments in Associates and Joint Ventures 1.1.20141 20.9.2011
FRS 110 Consolidated Financial Statements 1.1.20141 20.9.2011
FRS 111 Joint Arrangements 1.1.20141 20.9.2011

FRS 112 Disclosure of Interests in Other Entities 1.1.20141 20.9.2011
       
Issued in 2012
FRS 32  Amendments to FRS 32: Offsetting Financial Assets and Financial Liabilities 1.1.2014 26.3.2012
FRS 110, FRS 111, FRS 112, FRS 27 & FRS 28  Amendments to FRS 110, FRS 111, FRS 112, FRS 27 (2011)  and FRS 28 (2011): Mandatory Effective Date 1.1.2014 31.8.2012
FRS 110, FRS 111 & FRS 112 Amendments to FRS 110, FRS 111 and FRS 112: Transition Guidance 1.1.2014 6.9.2012
 
Issued in 2013
FRS 110, FRS 112 and FRS 27 Amendments to FRS 110, FRS 112 and FRS 27: Investment Entities 1.1.2014 31.1.2013
FRS 36 Amendments to FRS 36: Recoverable Amount Disclosures for Non-Financial Assets 1.1.2014 18.7.2013
FRS 39 Amendments to FRS 39: Novation of Derivatives and Continuation of Hedge Accounting 1.1.2014 23.9.2013
 
1 The mandatory effective date of these FRSs had been revised from 1.1.2013 to 1.1.2014 by the ASC in August 2012 via Amendments to FRS 110, FRS 111, FRS 112, FRS 27 (2011)  and FRS 28 (2011): Mandatory Effective Date. 
 
 
 
 
 
 
 
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