Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 23/11/2012

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Proposal to amend equity accounting (2012/17) 

This issue of In the Headlines introduces the IASB proposal to amend equity accounting.
In the Headlines cover
Download Now
PDF files require Adobe Reader to view

It is currently unclear how an investor should account for some changes in the net assets of an equity-accounted investee that are not recognised directly in equity by the investee ('other' net assets).

 

On 22 November 2012, the IASB issued Exposure Draft Equity Method: Share of Other Net Asset Changes to address this lack of clarity.