IFRS AND IAS

• International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) and are used by public and private companies in over 100 countries.
• IFRS 1 - first-time adoption of IFRS.
• IFRS 2 - share-based payment.
• IFRS 3 - business combinations.
• IFRS 4 - insurance contracts.
• IFRS 5 - non-current assets held for sale and discontinued operations.
• IFRS 6 - the exploration for and estimation of mineral resources.
• IFRS 7 - Financial Requirements: Disclosure
• IFRS 8 - operating segments.
• IFRS 9 - Financial Instruments ( Effective for accounting period on or after January 1, 2018 and will supersede IAS 39 an IFRIC 9)
• IFRS 10 - consolidated financial statements.
• IFRS 11 - joint arrangements.
• IFRS 12 - Disclosure of Interest in other entities
• IFRS 13 - fair value measurement.
• IFRS 14 - regulatory deferral accounts.
• IFRS 15 - revenue from customers with contracts.
• IFRS 16 - leases
• IFRS 17 - insurance contracts
• IAS 1 - presentation of financial statements.
• IAS 2 - inventories.
• IAS 7 - statement of cash flows.
• IAS 8 - accounting policies, changes in accounting, estimates and errors.
• IAS 10 - events after the reporting period.
• IAS 11 - construction contracts ( replaced by IFRS 15 )
• IAS 12 - income taxes.
• IAS 16 - property, plant and equipment.
• IAS 17 - leases.
• IAS 18 - Revenue ( replaces by IFRS 15 )
• IAS 19 - employee benefits.
• IAS 20 - accounting for government grants and disclosure of governments assistance.
• IAS 21 - the effect of changes in foreign exchange rates.
• IAS 23 - borrowing costs.
• IAS 24 - related-party disclosure.
• IAS 26 - accounting and reporting by retirement benefits plans.
• IAS 27 - separate financial statements.
• IAS 28 - investment in associates and joint ventures.
• IAS 29 - financial reporting in hyperinflationary economies.
• IAS 32 - financial instrument: presentation.
• IAS 33 - earnings per share.
• IAS 34 - interim financial reporting.