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The international financial reporting interpretations committee of the IASB releases a draft interpretation, Changes in Decommissioning, Restoration and Similar Liabilities (www.iasb.org.uk), containing guidance on modifications recognized as part of costs discussed in IAS 16, Property, Plant and Equipment, and also as a liability in accordance with IAS 37, Provisions, Contingent Liabilities and Contingent Assets.


* The international financial reporting interpretations committee of the IASB IASB

See International Accounting Standards Board (IASB).
 releases a draft interpretation, Changes in Decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
  • Ship decommissioning
See also:
, Restoration and Similar Liabilities (www.iasb.org.uk), containing guidance on modifications recognized as part of costs discussed in IAS See iPlanet Application Server.

1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle.
 16, Property, Plant and Equipment, and also as a liability in accordance with IAS 37, Provisions, Contingent Liabilities and Contingent Assets. Comments are due November 3.
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Title Annotation:International
Publication:Journal of Accountancy
Date:Nov 1, 2003
Words:62
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