Effective dates

Learning objectives

• Identify the effective date and transition provisions relevant to the period under review.L3

Normative references

• IAS 20 §40First application of the Standard: provide the required disclosures where appropriate, and either restate in accordance with IAS 8 for the change in accounting policy, or apply the accounting provisions only to grants or parts of grants that become receivable or repayable after the effective date.
• IAS 20 §41Original effective date: financial statements covering periods beginning on or after 1 January 1984.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• IAS 20 contains effective date and transition provisions, which include the consequential amendments resulting from other standards.L3