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First Impressions

First Impressions are prepared for new standards or significant amendments to existing standards. These publications include a discussion of the key elements of the new requirements and highlight areas that may result in a change of practice.


PDF First Impressions: IFRS 9 Financial Instruments
This edition of First Impressions considers the requirements of the new standard IFRS 9 Financial Instruments issued in November 2009.
PDF First Impressions: Revised IAS 24 Related Party Disclosures
This edition of First Impressions considers the requirements of the revised version of IAS 24 Related Party Disclosures issued in November 2009.
PDF First Impressions: Amendments to IFRS 2 – Group Cash-Settled Share-based Payment Transactions
This edition of First Impressions includes a discussion of the key elements of the new requirements and highlights areas that may result in a change of practice. Illustrative examples are also provided to assist in assessing the impact of implementation.
PDF First Impressions: ED/2009/7 Financial Instruments: Classification and Measurement
The IASB currently is revising the accounting requirements for financial instruments.
PDF First Impressions: IFRIC 17 Distributions of Non-cash Assets to Owners
The International Accounting Standards Board published IFRIC Interpretation 17 Distributions of Non-cash Assets to Owners on 27 Nov 08. Previously there was no specific guidance in IFRSs on the subject.
PDF First Impressions: IFRS 3 and FAS 141R Business Combinations (January 2008)
This edition considers the requirements of IFRS 3 Business Combinations (2008) and the related amendments to IAS 27 Consolidated and Separate Financial Statements (2008), issued by the International Accounting Standards Board (IASB).
PDF First Impressions: IFRIC 12 Service Concession Arrangements (January 2007)
First Impressions is a publication that is prepared upon the release of a new International Financial Reporting Standard (IFRS), interpretation, or other significant amendment to the requirements of IFRSs.
PDF First Impressions: IFRS 6 Exploration for and Evaluation of Mineral Resources
This edition of First Impressions considers the requirements of IFRS 6, and is relevant both to first-time adopters of IFRSs and to those who currently report under IFRSs.

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