ASCG Interpretation 1 (IFRS) The Current/Non-current Classification in the Statement of Financial Position under IAS 1 Presentation of Financial Statements

Publication Date:
19.07.2005
Applicable from:
19.07.2005
Last Revision:
12.07.2013

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Status: Approved by the ASCG

  • ASCG Interpretation 1 (IFRS) was published on 19 July 2005 as Accounting Interpretation No. 1 (AIC 1). It is relevant for all financial statements (including interim financial reporting) to which IAS 1 Presentation of Financial Statements, as amended as part of the Improvements Project or in the course of subsequent consequential amendments, is applied.
  • The revised Interpretation was adopted on 25 March 2009 with amendments to paragraphs 2, 4, 5, 10 to 16, 18, 21 to 25, 28 to 30 and 36. The Interpretation as amended is relevant for all financial statements (including interim financial reporting) to which IAS 1 Presentation of Financial Statements, as issued by the IASB on 6 September 2007 or as amended in the course of subsequent consequential amendments, is applied.
  • ASCG Interpretation 1 (IFRS) was adopted by the IFRS Committee at its meeting on 12 July 2013 with amendments to paragraphs 12, 19 and 32, as well as to the Appendix. It is relevant for all financial statements (including interim financial reporting) for which IAS 1 Presentation of Financial Statements, as amended by the IASB on 16 June 2011 (Presentation of Items of Other Comprehensive Income) or in the course of subsequent consequential amendments, is applied.