SIC Interpretations
E453762
SIC Interpretations are authoritative guidance documents issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
IFRS interpretative guidance
ⓘ
accounting interpretation ⓘ authoritative accounting literature ⓘ |
| appliesTo |
International Accounting Standards
NERFINISHED
ⓘ
International Financial Reporting Standards NERFINISHED ⓘ |
| basedOn | existing IFRS and IAS requirements ⓘ |
| bindingOn | IFRS-compliant financial statements ⓘ |
| category | international accounting guidance ⓘ |
| citationForm | SIC followed by interpretation number ⓘ |
| clarifies |
disclosure requirements under IFRS
ⓘ
measurement principles under IFRS ⓘ presentation principles under IFRS ⓘ recognition principles under IFRS ⓘ |
| developedBy | IFRS Interpretations Committee NERFINISHED ⓘ |
| documentationType | interpretation document ⓘ |
| exampleOf | interpretive guidance in financial reporting ⓘ |
| governedBy | International Accounting Standards Board (IASB) NERFINISHED ⓘ |
| governedByDueProcess | public consultation procedures ⓘ |
| historicalPhase | developed mainly before formation of IFRS Interpretations Committee ⓘ |
| influences | accounting policies adopted by IFRS reporters ⓘ |
| issuedBy |
IFRS Interpretations Committee
NERFINISHED
ⓘ
International Accounting Standards Committee (IASC) NERFINISHED ⓘ |
| jurisdiction | countries that have adopted IFRS ⓘ |
| language | issued in English and translated into multiple languages ⓘ |
| legalStatus | authoritative under IFRS framework ⓘ |
| maintainedBy | IFRS Foundation NERFINISHED ⓘ |
| mayBeSupersededBy |
IFRIC Interpretations
NERFINISHED
ⓘ
new IFRS standards ⓘ |
| nameDerivedFrom | Standing Interpretations Committee NERFINISHED ⓘ |
| objective | ensure consistent application of IFRS requirements ⓘ |
| partOf |
IFRS hierarchy of guidance
ⓘ
IFRS literature ⓘ |
| precededBy | IASC Standing Interpretations Committee NERFINISHED ⓘ |
| purpose |
address accounting issues not explicitly covered in standards
ⓘ
clarify application of IFRS in specific scenarios ⓘ reduce diversity in financial reporting practice ⓘ |
| referencedIn | IFRS accounting policies and notes ⓘ |
| relatedTo | IFRIC Interpretations NERFINISHED ⓘ |
| scope | narrow and specific accounting issues ⓘ |
| statusUnderIFRS | mandatory when relevant to an entity’s transactions ⓘ |
| targetAudience |
entities preparing general purpose financial statements
ⓘ
users of IFRS financial statements ⓘ |
| usedBy |
auditors
ⓘ
entities applying IFRS ⓘ financial statement preparers ⓘ professional accountants ⓘ regulators ⓘ |
| usedIn | preparation of IFRS financial statements ⓘ |
Referenced by (2)
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