IFRS Standards (Red Book): 2021 [paper]

Beschreibung

2021 IFRS Standards (Red Book), 3 volumes

• Revised version of the Constitution and Due Process Handbook of the IFRS Foundation.
• Amendments to 13 Standards issued in Amendments to IFRS 17, Classification of Liabilities as Current or Non-current, Classification of Liabilities as Current or Non-current—Deferral of Effective Date, Covid-10-Related Rent Concessions, Extension of the Temporary Exemption from Applying IFRS 9, Interest Rate Benchmark Reform— Phase 2, Onerous Contracts—Costs of Fulfilling a Contract, Property, Plant and Equipment: Proceeds before Intended Use and Reference to the Conceptual Framework.
• Amendments to four Standards issued in Annual Improvements to IFRS Standards 2018–2020.

This edition contains the Standards as approved by the International Accounting Standards Board for issue up to 31 December 2020. These Standards include changes that are not yet required at 1 January 2021. Readers seeking the text of Standards required for accounting periods beginning on 1 January 2021 (that is, all Standards with an effective date on or before 1 January 2021) should refer to the 2021 edition of IFRS® Standards—Required 1 January 2021, which was issued in January 2021.

This edition is presented in three parts

• Part A (Issued Standards) contains the IFRS Standards, including IAS® Standards, IFRIC® Interpretations and SIC® Interpretations, together with the Conceptual Framework for Financial Reporting.
• Part B (Accompanying Guidance) contains the illustrative examples and implementation guidance that accompany the Standards, together with IFRS practice statements.
• Part C (Bases for Conclusions) contains the bases for conclusions that accompany the Standards, the Conceptual Framework for Financial Reporting and the IFRS practice statements.