International Finance and Accounting Handbook

(avery) #1

1982



  • Stephen Elliott of Canada becomes chairman of IASC.

  • IASC and IFAC make mutual commitments. The IASC Board is expanded to up
    to 17 members, including 13 country members appointed by the Council of
    IFAC and up to 4 representatives of organizations with an interest in financial
    reporting. All members of IFAC are members of IASC. IFAC recognizes and
    will look to IASC as the global accounting standard setter. Special constitutional
    status of the 9 founder members of IASC is eliminated.

  • IASC bolds Board meetings in London (2) and Amsterdam.


Exposure Drafts Published



  • E23, Accounting for the Effects of Changes in Foreign Exchange Rates

  • E24, Capitalization of Borrowing Costs


Final Standards Published



  • IAS 16 (1982), Accounting for Property, Plant and Equipment

  • IAS 17 (1982), Accounting for Leases

  • IAS 18 (1982), Revenue Recognition


1983



  • Italy joins IASC board.

  • Expanded IASC board under the revised constitution takes effect.

  • IASC holds board meetings in London, Edinburgh, and Paris.

  • Title of senior staff executive changed from Secretary to Scretary-General


Exposure Drafts Published


E25, Disclosure of Related Party Transactions


Final Standards Published



  • IAS 19 (1983), Accounting for Retirement Benefits in the Financial Statements
    of Employers

  • IAS 20 (1983), Accounting for Government Grants and Disclosure of Govern-
    ment Assistance

  • IAS 21 (1983), Accounting for the Effects of Changes in Foreign Rates

  • IAS 22 (1983), Accounting for Business Combinations


1984



  • Taiwan joins IASC board.

  • IASC holds a formal meeting with the U.S. Securities and Exchange Commission.

  • IASC holds board meetings in London, Toronto, and Dusseldorf.


Exposure Drafts Published


E26, Accounting for Investments


Final Standards Published



  • IAS 23 (1984), Capitalization of Borrowing Costs

  • IAS 24 (1984), Related-Party Disclosures


APPENDIX 16 • 25
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