The great Aussie dream
The AASB will consider IFRIC 15 and IFRIC 16 for adoption at its meeting on 30 & 31 July 2008. One is on hedges and the other is on real estate. Put them together, it is the great Aussie dream! Hopefully you'll find the interpretations the same. Please refer to the AASB's website for the Action Alert to confirm the decision. The adopted interpretations will be available from the AASB shortly after. We've provided a brief technical overview.