Revisions to IFRS workshop

Forum’s afternoon session led by Wojciech Krynski, Managing Director, BPP Poland will be fully devoted to Revisions to IFRS

1.       Key revisions in place from 2008

a.       Amendment to IAS 39 – Reclassification of financial instruments

2.       Key revisions effective from 1 Jan 2009

a.       New IAS 1 – Presentation of financial statements

b.       Amended IAS 23 – Borrowing costs

c.       Amended IFRS 2 – Share Based Payments

d.       Amended IAS 39 through Puttable instruments amendment

e.       New interpretations:

                                 i.      Customer loyalty programmes

                          ii.      Service concession arrangements

                         iii.      Agreements for construction of real estate

3.       The new IFRS 3 – Business Combinations

4.       Annual improvement project resulting in changes to standards from 1 Jan 2009

5.       Changes planned in the future

a.      Consolidation project

b.      Leases

c.       Income Tax

d.      Joint Ventures

e.      Transfers of assets to customers

f.       Distributions of non-cash assets to owners

6.       Long term planned changes