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IFRS AT A GLANCE IFIC 17 Distribution of NonCash Assets to Owners As at 1 January 2016IFRIC 17 Distribution of NonCash Assets to Owners Effective Date Periods beginning on or after 1 July 2009ISSUES
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Ifric 17 distribution of is the interpretation of International Financial Reporting Interpretations Committee (IFRIC) that addresses the accounting treatment of distributions of non-cash assets to owners.
Entities that distribute non-cash assets to owners are required to file ifric 17 distribution of.
To fill out ifric 17 distribution of, entities need to carefully document and report the details of non-cash asset distributions to owners in accordance with the guidelines provided in the IFRIC 17.
The purpose of ifric 17 distribution of is to ensure that entities provide transparent and accurate information about distributions of non-cash assets to owners in their financial statements.
The information that must be reported on ifric 17 distribution of includes the nature of the non-cash assets distributed, the fair value of the assets, the basis for determining fair value, and any conditions attached to the distribution.
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