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Commission Regulation (EU) 2018/519Show full title

Commission Regulation (EU) 2018/519 of 28 March 2018 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards Interpretation 22 of the International Financial Reporting Interpretations Committee (Text with EEA relevance) (revoked)

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  1. Introductory Text

  2. Article 1.In the Annex to Regulation (EC) No 1126/2008, IFRIC Interpretation...

  3. Article 2.Each company shall apply the amendments referred to in Article...

  4. Article 3.This Regulation shall enter into force on the twentieth day...

  5. Signature

    1. ANNEX

      IFRIC® Interpretation 22

      1. Foreign Currency Transactions and Advance Consideration

        1. REFERENCES

        2. BACKGROUND

          1. 1. Paragraph 21 of IAS 21 The Effects of Changes in...

          2. 2. When an entity pays or receives consideration in advance in...

          3. 3. The IFRS Interpretations Committee (the Interpretations Committee) initially received a...

        3. SCOPE

          1. 4. This Interpretation applies to a foreign currency transaction (or part...

          2. 5. This Interpretation does not apply when an entity measures the...

          3. 6. An entity is not required to apply this Interpretation to:...

        4. ISSUE

          1. 7. This Interpretation addresses how to determine the date of the...

        5. CONSENSUS

          1. 8. Applying paragraphs 21–22 of IAS 21, the date of the...

          2. 9. If there are multiple payments or receipts in advance, the...

      2. Appendix A

        Effective date and transition

        1. This Appendix is an integral part of IFRIC 22 and...

        2. EFFECTIVE DATE

          1. A1 An entity shall apply this Interpretation for annual reporting periods...

        3. TRANSITION

          1. A2 On initial application, an entity shall apply this Interpretation either:...

          2. A3 An entity that applies paragraph A2(b) shall, on initial application,...

      3. Appendix B

        1. The amendment in this Appendix shall be applied for annual...

        2. Amendment to IFRS 1 First-time Adoption of International Financial Reporting...

          1. 39AC IFRIC 22 Foreign Currency Transactions and Advance Consideration added paragraph...

          2. D1 An entity may elect to use one or more of...

          3. Foreign Currency Transactions and Advance Consideration

            1. D36 A first-time adopter need not apply IFRIC 22 Foreign Currency...

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