26-3-2009 | EFRAG requests comments on its initial assessments of IFRIC 18 Transfers of Assets from Customers

EFRAG is today issuing a draft endorsement advice letter and a draft effect study report relating to the endorsement of IFRIC 18 Transfers of Assets from Customers and is asking for comments on this material. EFRAG is consulting both on its initial assessment of the Interpretation against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from the implementation of the Interpretation in the EU. Comments are requested by 8 May 2009.
	IFRIC 18 provides guidance on the transfers of items of property, plant and equipment (PPE) and/or transfers of cash to acquire or construct items of PPE, for the entity that receives such transfers from their customers. EFRAG's initial assessment is that IFRIC 18 meets the criteria for EU endorsement and that the benefits that will arise from its implementation in the EU are likely to exceed the costs incurred in implementing it.
Document : IFRIC 18 Draft endorsement advice letter and draft effects study report consultation.doc
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