NEW YORK-The International Accounting Standards Board (IASB) recently released the printed edition of the International Financial Reporting Standards (IFRSs) Bound volume 2008.
The main changes in this 2008 edition of the Bound Volume include:
• A revised IAS 1 "Presentation of Financial Statements "
• A revised IFRS 3" Business Combinations "
• A revised IAS 23 "Borrowing Costs"
• An amended IAS 27 "Consolidated and Separate Financial Statements "
• Two new Interpretations :
IFRIC 13 "Customer Loyalty Programs"
IFRIC 14 IAS 19 – "The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction"
• Amendments to IFRS 2 "Share-based Payment"
IASB is committed to developing in the public interest a single set of high quality global accounting standards.
For more information please visit the following website: www.iasb.org