The Arab Society of Certified Accountants (Jordan) Issues the International Financial Reporting Standards 2008

The Arab Society of Certified Accountants (Jordan) has issued the approved Arabic version of ?International Financial Reporting Standards 2008?. This edition includes changes made since 2007 which were incorporated in this edition of IFRS volume.

Basis changes contained in this edition is a summary of the following:-

• Revising the following three standards:-
  •  International Financial Reporting Standard 3. 
  • International Accounting Standard 1. 
  • International Accounting Standard 23. 
• Amendment of International Accounting Standard 27. 
• Amendments to the International Financial Reporting Standards resulting from revised or amended standards. 
• Two new interpretations; 13 and 14.
  • Interpretation 13 "Client Loyalty Programs". 
  • Interpretation 14 "International Accounting Standard 19 "The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction". 
• The book also includes the due process for IFRIC interpretations published in February 2007.

IFRS 3, IAS 1 and IAS 23 were replaced by new editions.

It is worthy to mention that ASCA (Jordan) continuously seeks to develop the accounting and management sciences as well as associated and relevant principles applicable to all or some of professional services. It also endeavors to develop the competence, practice, and conduct to the highest professional levels through being interested in accounting publications and coping with developments and updates in accounting and auditing professions.


The International Financial Reporting Standards 2008