IAS 40Chapter 12Lesson 1
Transition and effective dates
Step 1 of 4Learning objectives
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Transitional provisions say how to move to an amended version; the 2016 amendment on transfers applies to periods beginning on or after 1 January 2018; each amendment has its date.
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Learning objectives
- Explain the role of transitional provisions and effective dates.
- Place the 2016 amendment on transfers in time.
- Determine the version of the standard applicable to a period.