Financial Reporting Standards
Effective for annual period beginning on 1 January 2014
 

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.

This collection of FRSs and INT FRSs includes official pronouncements issued by the ASC (up to 31 December 2013) and are required to be applied for annual period beginning on 1 January 2014. The collection does not include new/revised/amendments to FRSs and INT FRSs which are effective for annual periods beginning after 1 January 2014.

 

 Preface and Conceptual Framework


 Financial Reporting Standards

 
Reference Title Accompanying Documents*
FRS 1 Presentation of Financial Statements IG
FRS 2 Inventories -
FRS 7 Statement of Cash Flows IE
FRS 8 Accounting Policies, Changes in Accounting Estimates and Errors IG
FRS 10 Events After the Reporting Period -
FRS 11 Construction Contracts IE
FRS 12 Income Taxes IE
FRS 16 Property, Plant and Equipment -
FRS 17 Leases IG
FRS 18 Revenue IE
FRS 19 Employee Benefits -
FRS 20 Accounting for Government Grants and Disclosure of Government Assistance -
FRS 21 The Effects of Changes in Foreign Exchange Rates -
FRS 23 Borrowing Costs -
FRS 24 Related Party Disclosures IE
FRS 26 Accounting and Reporting by Retirement Benefit Plans -
FRS 27 Separate Financial Statements -
FRS 28 Investments in Associates and Joint Ventures -
FRS 29 Financial Reporting in Hyperinflationary Economies -
FRS 32 Financial Instruments: Presentation IE
FRS 33 Earnings per Share IE
FRS 34 Interim Financial Reporting IE
FRS 36 Impairment of Assets IE
FRS 37 Provisions, Contingent Liabilities and Contingent Assets IG
FRS 38 Intangible Assets IE
FRS 39 Financial Instruments: Recognition and Measurement IG, IE
FRS 40 Investment Property -
FRS 41 Agriculture IE
FRS 101 First-time Adoption of Financial Reporting Standards IG
FRS 102 Share-based Payment IG
FRS 103 Business Combinations IE
FRS 104 Insurance Contracts IG
FRS 105 Non-current Assets Held for Sale and Discontinued Operations IG
FRS 106 Exploration for and Evaluation of Mineral Resources -
FRS 107 Financial Instruments: Disclosures IG
FRS 108 Operating Segments IG
FRS 110 Consolidated Financial Statements IE
FRS 111 Joint Arrangements IE
FRS 112 Disclosure of Interests in Other Entities -
FRS 113 Fair Value Measurement IE
* Include Implementation Guidance (IG) and Illustrative Examples (IE).

 

 Interpretations of Financial Reporting Standards

 
Reference Title Accompanying Documents*
INT FRS 7 Introduction of the Euro -
INT FRS 10 Government Assistance - No Specific Relation to Operating Activities -
INT FRS 15 Operating Leases - Incentives IE
INT FRS 25 Income Taxes - Changes in the Tax Status of an Entity or its Shareholders -
INT FRS 27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease IG
INT FRS 29 Service Concession Arrangements: Disclosures -
INT FRS 31 Revenue - Barter Transactions Involving Advertising Services -
INT FRS 32 Intangible Assets - Web Site Costs IE
INT FRS 101 Changes in Existing Decommissioning, Restoration and Similar Liabilities IE
INT FRS 104 Determining whether an Arrangement contains a Lease IE
INT FRS 105 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds -
INT FRS 106 Liabilities arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment -
INT FRS 107 Applying the Restatement Approach under FRS 29 Financial Reporting in Hyperinflationary Economies IE
INT FRS 109 Reassessment of Embedded Derivatives -
INT FRS 110 Interim Financial Reporting and Impairment -
INT FRS 112 Service Concession Arrangements IN & IE
INT FRS 113 Customer Loyalty Programmes IE
INT FRS 114 FRS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction IE
INT FRS 115 Agreements for the Construction of Real Estate
Accompanying Note
  [INT FRS 115 is to be read together with the Accompanying Note]
IN & IE
INT FRS 116 Hedges of a Net Investment in a Foreign Operation IE
INT FRS 117 Distributions of Non-cash Assets to Owners IE
INT FRS 118 Transfers of Assets from Customers IE
INT FRS 119 Extinguishing Financial Liabilities with Equity Instruments -
INT FRS 120 Stripping Costs in the Production Phase of a Surface Mine -
INT FRS 121 Levies IE
* Include Implementation Guidance (IG) and Illustrative Examples (IE).

 

Please click here to download all the FRSs and INT FRSs in the 2014 volume.

 


 

 

 

 

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Last updated on 31 October 2014