Accounting
International Financial Reporting Standards (IFRS)
Pronouncements effective for annual periods beginning on or
after January 1, 2016
IFRS 10 Consolidated Financial Statements, IFRS 12 Disclosure
of Interests in Other Entities and IAS 28 Investments in Associates
and Joint Ventures
These standards were amended to clarify the application of the
requirement for investment entities to measure subsidiaries at fair
value instead of consolidating them.
IFRS 11 Joint Arrangements
Amendments add new guidance on how to account for the
acquisition of an interest in a joint operation that constitutes a
business.
IFRS 14 Regulatory Deferral Accounts
This interim standard permits first-time adopters to continue to
recognize amounts related to rate regulation in accordance with
previous GAAP requirements when they adopt IFRS. However, to
enhance comparability with entities that already apply IFRS and do
not recognize such amounts, the standard requires
