Interpretations of FRSs
Exposure Draft
Practice Directions
Accounting Standards
INT FRSs (issued in 2003)
Interpretations of Financial Reporting Standards (issued in 2003)
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Effective Date
Preface to the Interpretations of Financial Reporting Standards
INT FRS 1
Consistency - Different Cost Formulas for Inventories
1.2.2003
INT FRS 2
Consistency - Capitalisation of Borrowing Costs
INT FRS 3
Elimination of Unrealised Profits and Losses on Transactions with Associates
INT FRS 5
Classification of Financial Instruments - Contingent Settlement Provisions
INT FRS 6
Costs of Modifying Existing Software
INT FRS 7
Introduction of the Euro
INT FRS 8
First Time Application of FRSs as the Primary Basis of Accounting
INT FRS 9
Business Combinations - Classification either as Acquisitions or Unitings of Interests
INT FRS 10
Government Assistance - No Specific Relation to Operating Activities
INT FRS 11
Foreign Exchange - Capitalisation of Losses Resulting from Severe Currency Devaluations
Consolidation - Special Purpose Entities
Jointly Controlled Entities - Non-Monetary Contributions by Venturers
Property, Plant and Equipment - Compensation for the Impairment or Loss of Items
Operating Leases - Incentives
Share Capital - Reacquired Own Equity Instruments (Treasury Shares)
Equity - Costs of an Equity Transaction
Consistency - Alternative Methods
Reporting Currency - Measurement and Presentation of Financial Statements under FRS 21 and FRS 29
Income Taxes - Recovery of Revalued Non-Depreciable Assets
Business Combinations - Subsequent Adjustment of Fair Values and Goodwill Initially Reported
Property, Plant and Equipment - Major Inspection or Overhaul Costs
Earnings Per Share - Financial Instruments and Other Contracts that May Be Settled in Shares
Income Taxes - Changes in the Tax Status of an Enterprise or its Shareholders
Evaluating the Substance of Transactions Involving the Legal Form of a Lease
Business Combinations - "Date of Exchange" and Fair Value of Equity Instruments
Disclosure - Service Concession Arrangements
Reporting Currency - Translation from Measurement Currency to Presentation Currency
Revenue - Barter Transactions Involving Advertising Services
Intangible Assets - Web Site Costs
Consolidation and Equity Method - Potential Voting Rights and Allocation of Ownership Interests
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