Companies with a financial year end after 30 June 2014 need to consider the amendments to IFRS 2 Share-based Payment and IFRS 3 Business Combinations included in the 2010–2012 annual improvements. This is because the changes are effective for grant dates and dates of acquisition, respectively, on or after 1 July 2014.
Looking farther ahead, IFRS 15 Revenue from Contracts with Customers was issued on 28 May 2014. For many companies, the new standard will not just change the amounts and timing of revenue, but may require changes to systems and processes. It is effective for financial years ending on or after 31 December 2017 and is available for early adoption.