Improvements to IFRS Accounting Standards
The IASB may make narrow-scope amendments, including periodic annual improvements, or broader changes following its due process. Each amendment has its own effective date and transition requirements. For an ACCA examination, apply the relevant dated examinable-documents rules rather than assuming that a newly issued amendment is immediately examinable.
Worked example
An amendment clarifies a narrow application issue and specifies an effective date. A student checks the relevant exam-period list and transition requirements before using the amended treatment.
Common mistake
Treating every project proposal as an issued requirement, or assuming effective date and the exam’s examinability date are always the same.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FR | Supporting | September 2026–June 2027 |
| ACCA | SBR | Direct | September 2026–June 2027 |