IASB April 2008
17 April 2008
The Board published the exposure draft Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards and IAS 27 Consolidated and Separate Financial Statements) in December 2007.
IASB September 2007
18 September 2007
The Board began redeliberating the exposure draft of proposed Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards—Cost of an Investment in a Subsidiary.
IASB July 2007
17 July 2007
Paragraph 37 of IAS 27 Consolidated and Separate Financial Statements requires investments in subsidiaries to be accounted for in the parent’s separate financial statements either at cost or in accordance with IAS 39 Financial Instruments:
IASB June 2007
21 June 2007
The Board discussed the strategy for redeliberating the proposed amendment to IFRS 1.
The staff presented an initial assessment of the responses to the proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards—Cost of an Investment in a Subsidiary. Board members gave their preliminary comments on the issues raised. The Board tentatively decided to consider the possibility of an amendment to IAS 27 Consolidated and Separate Financial Statements in tandem
IASB September 2006
22 September 2006
At its meeting in March, the Board added a project to its technical agenda to resolve issues relating to difficulties in restating the cost of an investment in a subsidiary in the separate financial statements of a parent on first time adoption of IFRSs.
July 2006
21 July 2006
See here for the Observer Notes on this project.
May 2006
25 May 2006
At this meeting, the Board discussed potential amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards relating to relief from determining cost in accordance with IAS 27 Consolidated and Separate Financial Statements on transition to IFRSs.