ASCA (Jordan) Issues the Arabic Translated Version of the IFRS 2013

03 Dec 2013 AMMAN------December 3, 2013------- The Arab Society of Certified Accountants (ASCA Jordan) issued the latest Arabic translated version of the International Financial Reporting Standards (IFRS); the only official printed edition of the consolidated text of the IASB's authoritative pronouncements as issued January 1, 2013.

This edition is presented in two volumes, parts A and B.  It includes the following changes made since January 1, 2012 as a result of amendments from:

The following IFRS requirements were issued during 2012:
  • Government Loans (Amendments to IFRS 1);
  • Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12);
  • Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27); and
  • Annual Improvements to IFRSs 2009–2011 Cycle (which contained separate amendments to IFRS 1, IAS 1, IAS 16, IAS 32 and IAS 34).

Annual Improvements to IFRSs 2009–2011 Cycle was issued in May 2012. The six amendments related to five Standards. 
 

IFRS	Subject of amendment
IFRS 1 First-time Adoption of International Financial Reporting Standards	Repeated application of IFRS 1 "Borrowing costs"
IAS 1 Presentation of Financial Statements	Clarification of the requirements for comparative information
IAS 16 Property, Plant and Equipment	Classification of servicing equipment
IAS 32 Financial Instruments: Presentation	Tax effect of distribution to holders of equity instruments
IAS 34 Interim Financial Reporting	Interim financial reporting and segment information for total assets and liabilities

     



































This edition includes amendments to IFRSs that have an effective date after January 1, 2013.  It does not contain documents that are being replaced or superseded but remain applicable if the reporting entity chooses not to adopt the newer versions early.

This book that is available to purchase as a printed copy is also available to purchase in a PDF format to be downloaded from the official website of the IFRS Foundation.

It is worth mentioning that ASCA-Jordan headed by its chairman HE Dr. Talal Abu-Ghazaleh continuously seeks to develop accounting and management sciences, as well as all related principles applicable to professional services. ASCA-Jordan also strives to improve competence and practice and strengthen the code of ethics in accordance with the highest professional standards through the issuance of accounting publications and following up on the recent developments in accounting and auditing.