IFRS in stand-alone financial statements
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IFRS in stand-alone financial statements
Our newsletter describes the key features of the new Government Decision about the implementation of IFRS in local stand-alone financial statements.
The Government Decision 1387/2015 was announced on 12 June 2015 about the implementation of International Financial Reporting Standards in the stand-alone local financial statements, which is an important step towards the widespread application of IFRS in the Hungarian financial reporting system. The Decision permits and in some cases obligates the application of IFRSs in the local stand-alone financial statements.
The key application deadlines and the scope of companies involved are detailed in our Newsletter.
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