Uruguay MOF Issues Guidance on Accounting Standards

The Uruguayan Ministry of Economy and Finance July 1 issued guidance on accounting standards. Topics covered include: 1) the implementation of IFRS 1 on the First-Time Adoption of International Financial Reporting Standards, and IFRS 2 on share-based payments; 2) preparing balance sheet and accounting policies under IFRS; 3) exemptions from applying other IFRS measures; 4) presentation and disclosure requirements for financial statements; 5) procedures for share-based payment transactions settled with equity instruments or cash; and 6) application dates. [Uruguay, Ministry of Economy and Finance, 07/01/20]

Reference:
View Guidance for IFRS 1. View Guidance for IFRS 2. View Announcement ...