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Ias 26

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IAS 26: ACCOUNTING AND REPORTING BY RETIREMENT BENEFITS
It recommends the accounting and disclosure requirements in the preparation of financial statements of retirement benefits. This standard was first introduced in 1985 as Exposure draft E27 and was modified in January 1987.It was effected in January 1988 and in 1994 reformatted. The financial statements of retirement benefits should contain either:
• A statement that shows net assets available for, benefits, the actuarial present value of promised retirement benefits, distinguishing between vested benefits and non-vested benefits; and the resulting excess or deficit.
• A statement of net assets available for benefits including either a note disclosing the actuarial present value of promise …show more content…

A subsidiary is defined as an entity which the parent has acquired more than half of the voting rights or has control by power. This IAS was first drafted in September 1987 as the Exposure draft E30 then in April 1989 as 1987, on 1st January 1990 the IAS was first effected. It was also reformatted and in December 1998 it was amended by IAS 39 effective on 1st January 2001.A revised version of IAS 27 was issued by IASB on 18th December 2003, effective 1st January 2005.On 10th January revised IAS 27 was issued. In May two amendments on IAS for IFRS were made and were effected on 1st January 2009.On 6th May IAS 27 was amended for Annual Improvements to IFRS 2010.On 12th May 2011 IAS 27 (2008) was superseded by IAS 27 (2011) and IFRS effective 1st Jan 2013. (Deloitte., …show more content…

IAS 32: Financial Instruments: Presentation
It establishes principles for the presentation of financial instruments. IFRS9 or IFRS 39 prescribe the principles used in the recognition of financial statements and IFRS7 outlines principles for the disclosure of financial instruments. Financial instruments are classified into three for presentation: Financial assets, financial liability and equity instruments. It also prescribes the accounting for treasury shares and under strict conditions which assets and liabilities may be offset in the balance sheet.
IAS 32 is a companion to IAS 39 which is progressively being replaced by IFRS 9.IAS 32 was first introduced as the exposure draft E40 in September 1991.Disclosure provisions of IAS 33 were replaced by IFRS 7 on 18th August 2005 and its title changed to: Financial Instruments: Presentation.
On 14 February 2008 IAS 32 was amended for Puttable Instruments and Obligations Arising on Liquidation.

IAS 33: Earnings per

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