Part Standards Amended by AASB 2009-11 - AASB 2009-11 - Amendments to Australian Accounting Standards arising from AASB 9 - December 2009 - Standards Amended by AASB 2009-11

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Standards Amended by AASB 2009-11

This Standard makes amendments to the following Australian Accounting Standards and Interpretations:

AASB 1 First-time Adoption of Australian Accounting Standards;
AASB 1 First-time Adoption of Australian Equivalents to International Financial Reporting Standards
AASB 3 Business Combinations;
AASB 4 Insurance Contracts;
AASB 5 Non-current Assets Held for Sale and Discontinued Operations;
AASB 7 Financial Instruments: Disclosures;
AASB 101 Presentation of Financial Statements;
AASB 102 Inventories;
AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors;
AASB 112 Income Taxes;
AASB 118 Revenue;
AASB 121 The Effects of Changes in Foreign Exchange Rates;
AASB 127 Consolidated and Separate Financial Statements;
AASB 128 Investments in Associates;
AASB 131 Interests in Joint Ventures;
AASB 132 Financial Instruments: Presentation;
AASB 136 Impairment of Assets;
AASB 139 Financial Instruments: Recognition and Measurement;
AASB 1023 General Insurance Contracts;
AASB 1038 Life Insurance Contracts;
Interpretation 10 Interim Financial Reporting and Impairment; and
Interpretation 12 Service Concession Arrangements.

These amendments arise from the issuance of AASB 9 Financial Instruments that sets out requirements for the classification and measurement of financial assets. The requirements in AASB 9 form part of the first phase of the International Accounting Standards Board’s project to replace IAS 39 Financial Instruments: Recognition and Measurement.