ACCOUNTING
| IASB proposes Severe Hyperinflation amendment to IFRS 1 Thu, 30 Sep 2010 07:50:55 GMT |
| IASB IASB proposes Severe Hyperinflation amendment to IFRS 1 The International Accounting Standards Board (IASB) today published for public comment an exposure draft Severe Hyperinflation, a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. The amendment proposes guidance on how an entity should resume presenting financial statements in accordance with International Financial Reporting Standards (IFRSs) after a period when the entity was unable to comply with IFRSs because its functional currency was subject to severe hyperinflation |
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