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IFRS Summary 2010

These summaries are intended to provide a quick reference to the key requirements of published IFRS and IAS and extant interpretations of IFRIC and its predecessor, the Standing Interpretations Committee (SIC). Whilst they can never replace reference to the full pronouncements of the IASB, they do provide a starting point in understanding their requirements.

With the exception of IAS 26 Accounting and reporting by retirement benefit plans which only applies to the financial statements of pension schemes, this guide reflects all IFRS, IAS and interpretations of IFRIC and SIC that have been issued up to August 2008. This includes references to new, revised, and amended standards and interpretations issued but not yet effective and those not yet endorsed by the European Union.

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