IASC board table as an observer. Bank regulators and asset valuers also join the
Consultative Group.- A program to seek external funding is launched.
- IASC holds board meetings in Amsterdam, Paris, and Singapore.
Exposure Drafts Published
None
Final Standards Published
- IAS 30 (1990), Disclosures in the Financial Statements of Banks and Similar
Financial Institutions - IAS 31 (1990), Financial Reporting of Interests in Joint Ventures
1991
- IASC organizes a conference of national standard setters in conjunction with
FEE and FASB. - U.S. FASB indicates its support for international accounting standards.
- IASC holds board meetings in London, Milan, and Seoul.
Exposure Drafts Published
- E36, Cash Flow Statements
- E37, Research and Development Activities
- E38, Inventories
- E39, Capitalization of Borrowing Costs
- E40, Financial Instruments
Final Standards Published
None
1992
- IASC constitution revised.
- IASC holds board meetings in Madrid, Amman, and Chicago.
Exposure Drafts Published
- E41, Revenue Recognition
- E42, Construction Contracts
- E43, Property, Plant, and Equipment
- E44, The Effects of Changes in Foreign Exchange Rates
- E45, Business Combinations
- E46, Extraordinary Items, Fundamental Errors and Changes in Accounting Poli-
cies - E47, Retirement Benefit Costs
Final Standards Published
Revision: IAS 7 (revised 1992), Cash Flow Statements
16 • 28 INTERNATIONAL FINANCIAL REPORTING STANDARDS