IFRS newsletter - English - November 2008
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IFRS newsletter - English - November 2008
With barely a month to go until the end of the accounting period, there are still many questions regarding the impact of the financial crisis on accounting. The publication of the “reclassification” amendment, the accounting assessment of cash equivalent, determining the discount rates for impairment tests and for
social contributions…
social contributions…
responses on specific subjects such as the impairment of AFS. However, to date the IASB has not announced any short-term amendments. In this context,
management estimates will play a bigger role than ever in the preparation of financial statements. The way in which these estimates are presented will probably be explained very carefully in the financial statements for 2008.”
