International Finance and Accounting Handbook

(avery) #1

Final Standards Published



  • IAS 11 (1979), Accounting for Construction Contracts

  • IAS 12 (1979), Accounting for Taxes on Income

  • IAS 13 (1979, Presentation of Current Assets and Current Liabilities


1980



  • J. A. (Hans) Burggraaff of the Netherlands becomes chairman of IASC.

  • IASC publishes a discussion paper on bank disclosures (project funded by
    “Group of Ten” Bank Governors).

  • IASC holds board meetings in London, Berlin, and Dublin.

  • United Nations Intergovernmental Working Group on Accounting and Report-
    ing meets for first time. IASC proposes a cooperative working arrangement with
    UN group.


Exposure Drafts Published



  • E15, Reporting Financial Information by Segment

  • E16, Accounting for Retirement Benefits in the Financial Statements of Em-
    ployers

  • E17, Information Reflecting the Effects of Changing Prices

  • E18, Accounting for Property, Plant and Equipment in the Context of the His-
    torical Cost System

  • E19, Accounting for Leases


Final Standards Published


None


1981



  • Geoffrey B. Mitchell becomes Secretary of IASC. Title is changed to Secretary-
    General during his tenure.

  • IASC Consultative Group is formed to advise IASC on agenda projects and pri-
    orities. Consultative Group members represent both accounting and nonac-
    counting organizations with an interest in financial reporting (stock exchanges,
    bankers, lawyers, business, unions, government, United Nations, World Bank,
    OECD, etc.). First meeting in October 1981.

  • IASC begins a joint project on accounting for income taxes with standard set-
    ters from the Netherlands, the United Kingdom, and the United States.

  • IASC holds board meetings in London (2) and Tokyo.


Exposure Drafts Published



  • E20, Revenue Recognition

  • E21, Accounting for Government Grants and Disclosure of Government Assis-
    tance

  • E22, Accounting for Business Combinations


Final Standards Published



  • IAS 14 (1981), Reporting Financial Information by Segment

  • IAS 15 (1981), Information Reflecting the Effects of Changing Prices


16 • 24 INTERNATIONAL FINANCIAL REPORTING STANDARDS
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