IFRS 2014 (Red Book)

The 2014 International Financial Reporting Standards IFRS® (Red Book) is the only official printed edition of the consolidated text of the IASB's authoritative pronouncements as issued at 1 January 2014.

What's New?

This edition includes the following changes made since 1 January 2013:

• IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39);
• Amendments to IAS 19, IAS 36, and IAS 39;
• two sets of Annual Improvements to IFRSs;
• one new Interpretation—IFRIC 21 Levies; and
• IFRS Foundation Constitution and Due Process Handbook.

This edition includes amendments to IFRSs that have an effective date after 1 January 2014. It does not contain documents that are being replaced or superseded but remain applicable if the reporting entity chooses not to adopt the newer versions early.

This edition is presented in two volume parts sold together as a set:

• Part A (the Conceptual Framework and requirements) contains the latest version of International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), and IFRIC and SIC Interpretations.
• Part B contains the accompanying documents, such as Illustrative Examples, Implementation Guidance, Bases for Conclusions and Dissenting Opinions.

It also includes the Conceptual Framework for Financial Reporting, the Preface to International Financial Reporting Standards, an updated Glossary of Terms, and a comprehensive Index.