Question

LIST ALL THE 45 IFRS STANDARDS AND EXPLAIN ITS SCOPE

Answer 1

Name Issued

IAS 1 Presentation of Financial Statements 2007*

IAS 2 Inventories 2005*

IAS 3 Consolidated Financial Statements

Superseded in 1989 by IAS 27 and IAS 28 1976

IAS 4 Depreciation Accounting

Withdrawn in 1999

IAS 5 Information to Be Disclosed in Financial Statements

Superseded by IAS 1 effective 1 July 1998 1976

IAS 6 Accounting Responses to Changing Prices

Superseded by IAS 15, which was withdrawn December 2003

IAS 7 Statement of Cash Flows 1992

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors 2003

IAS 9 Accounting for Research and Development Activities

Superseded by IAS 38 effective 1 July 1999

IAS 10 Events After the Reporting Period 2003

IAS 11 Construction Contracts

Will be superseded by IFRS 15 as of 1 January 2017 1993

IAS 12 Income Taxes 1996*

IAS 13 Presentation of Current Assets and Current Liabilities

Superseded by IAS 1 effective 1 July 1998

IAS 14 Segment Reporting

Superseded by IFRS 8 effective 1 January 2009 1997

IAS 15 Information Reflecting the Effects of Changing Prices

Withdrawn December 2003 2003

IAS 16 Property, Plant and Equipment 2003*

IAS 17 Leases 2003*

IAS 18 Revenue

Will be superseded by IFRS 15 as of 1 January 2017 1993*

IAS 19 Employee Benefits (1998)

Superseded by IAS 19 (2011) effective 1 January 2013 1998

IAS 19 Employee Benefits (2011) 2011*

IAS 20 Accounting for Government Grants and Disclosure of Government Assistance 1983

IAS 21 The Effects of Changes in Foreign Exchange Rates 2003*

IAS 22 Business Combinations

Superseded by IFRS 3 effective 31 March 2004 1998*

IAS 23 Borrowing Costs 2007*

IAS 24 Related Party Disclosures 2009*

IAS 25 Accounting for Investments

Superseded by IAS 39 and IAS 40 effective 2001

IAS 26 Accounting and Reporting by Retirement Benefit Plans 1987

IAS 27 Separate Financial Statements (2011) 2011

IAS 27 Consolidated and Separate Financial Statements

Superseded by IFRS 10, IFRS 12 and IAS 27 (2011) effective 1 January 2013 2003

IAS 28 Investments in Associates and Joint Ventures (2011) 2011

IAS 28 Investments in Associates

Superseded by IAS 28 (2011) and IFRS 12 effective 1 January 2013 2003

IAS 29 Financial Reporting in Hyperinflationary Economies 1989

IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions

Superseded by IFRS 7 effective 1 January 2007 1990

IAS 31 Interests In Joint Ventures

Superseded by IFRS 11 and IFRS 12 effective 1 January 2013 2003*

IAS 32 Financial Instruments: Presentation 2003*

IAS 33 Earnings Per Share 2003*

IAS 34 Interim Financial Reporting 1998

IAS 35 Discontinuing Operations

Superseded by IFRS 5 effective 1 January 2005 1998

IAS 36 Impairment of Assets 2004*

IAS 37 Provisions, Contingent Liabilities and Contingent Assets 1998

IAS 38 Intangible Assets 2004*

IAS 39 Financial Instruments: Recognition and Measurement

Superseded by IFRS 9 where IFRS 9 is applied 2003*

IAS 40 Investment Property 2003*

IAS 41 Agriculture 2001

Scope of IFRSs

IASB Standards are known as International Financial Reporting Standards. All International Accounting Standards (IASs) and Interpretations issued by the former IASC and SIC continue to be applicable unless and until they are amended or withdrawn.