Hedge Accounting IFRS 9: Financial Instruments (replacement of IAS 39) The IASB’s project plan for the replacement of IAS 39 consists of three main phases 

Phase 1: Classification and measurement

Phase 2: Impairment methodology 

Phase 3: Hedge accounting 

 IFRS 10 Consolidated Financial Statements

IAS 28 Investments in Associates and Joint Ventures Accounting for the loss of control of a group of assets or a subsidiary between an investor and its associate or joint venture 

 IAS 39 Financial Instruments Recognition and Measurement 

 IAS 7 Statement of Cash Flows Cash flow classification.

 IAS 17 Leases The IASB and the FASB held a joint Leases webcast on Thursday 19 July 2012 providing an update on the Leases project.

 IAS 37 Provisions, Contingent Liabilities and Contingent Assets Determining when to recognize a liability for levies

 IFRIC 12 Service Concession Arrangements How to account for contractual payments made by operator under service concession arrangement

 IAS 1 Presentation of Finncial Statements Presentation of expense for non-income taxes

 IAS 12 Income Taxes Accounting for the tax effects of market value uplifts allowed by new tax legislation for tax depreciation purposes

 IAS 16 Property, Plant and Equipment / IAS 38 Intangible Assets Revenue-based depreciation and amortisation, 

 IFRS 11 Joint Arrangements Purchase of an interest in a joint operation that contains a business 

 IAS 7 Statement of Cash Flows Cash flow classification