Circular CONAU 1-1656: Complementary Provisions to the Chart of Accounts. Modifications to IFRS. Adoption Circular No. 21

"AÑO DE LA DEFENSA DE LA VIDA, LA LIBERTAD Y LA PROPIEDAD" COMUNICACIÓN “A” 8164 20/12/2024 TO FINANCIAL ENTITIES:
Ref.: Circular
CONAU 1-1656:
R.I. Complementary Provisions to the Chart of Accounts. Modifications to IFRS. Adoption Circular No. 21 ___________________________________________________________________________ We address you to inform you that this Institution adopted the Resolution which, in its pertinent part, provides:

“1. Incorporate into the Accounting Framework based on International Financial Reporting Standards (IFRS) applicable to financial entities, the modifications issued by the International Accounting Standards Board that were included in Adoption Circular No. 21 approved by the Argentine Federation of Professional Councils of Economic Sciences.”

In this regard, it is highlighted that the standards to be applied for fiscal periods beginning on 01.01.24 will be those whose effective date is prior to 31.12.2024. It is recalled that – as a general rule – early application of any IFRS is not admitted unless specifically admitted at the time of adoption.

Likewise, it is clarified that these normative adjustments do not modify the Chart of Accounts.

The sheets to be replaced in the Consolidated Text corresponding to the “Complementary Provisions to the Chart of Accounts” are attached.

We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Mariana A. Díaz Estela M. del Pino Suárez
Manager of Informational Regime
Deputy General Manager of Informational Regime and Protection of Financial Services Users

ANNEX

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SECTION 6 LIST OF APPROVED IFRS
Name Description
Month of approval or last modification
Conceptual Framework for Financial Information oct-18 IFRS 1 First-time Adoption of International Financial Reporting Standards ago-23 IFRS 2 Share-based Payment jun-16 IFRS 3 Business Combinations jun-20 IFRS 5 Non-current Assets Held for Sale and Discontinued Operations may-17 IFRS 6 Exploration for and Evaluation of Mineral Resources abr-09 IFRS 7 Financial Instruments: Disclosures may-23 IFRS 8 Operating Segments dic-13 IFRS 9 Financial Instruments ago-20 IFRS 10 Consolidated Financial Statements dic-15 IFRS 11 Joint Arrangements dic-17 IFRS 12 Disclosure of Interests in Other Entities dic-16 IFRS 13 Fair Value Measurement ene-16 IFRS 14 Regulatory Deferral Accounts ene-14 IFRS 15 Revenue from Contracts with Customers. may-17 IFRS 16 Leases set-22 IFRS 17 Insurance Contracts dic-21 IAS 1 Presentation of Financial Statements oct-22 IAS 2 Inventories ene-16 IAS 7 Statement of Cash Flows may-23 B.C.R.A. COMPLEMENTARY PROVISIONS TO THE CHART OF ACCOUNTS
SECTION 6 – LIST OF APPROVED IFRS
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Name Description
Month of approval or last modification
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors feb-21 IAS 10 Events after the Reporting Period oct-18 IAS 12 Income Taxes may-23 IAS 16 Property, Plant and Equipment may-20 IAS 19 Employee Benefits feb-18 IAS 20 Accounting for Government Grants and Disclosure of Government Assistance jul-14 IAS 21 The Effects of Changes in Foreign Exchange Rates ago-23 IAS 23 Borrowing Costs dic-17 IAS 24 Related Party Disclosures dic-13 IAS 26 Accounting and Reporting by Retirement Benefit Plans feb-21 IAS 27 Separate Financial Statements ago-14 IAS 28 Investments in Associates and Joint Ventures. oct-17 IAS 29 Financial Reporting in Hyperinflationary Economies may-08 IAS 32 Financial Instruments: Presentation jun-20 IAS 33 Earnings per Share jul-14 IAS 34 Interim Financial Reporting feb-21 IAS 36 Impairment of Assets jun-20 IAS 37 Provisions, Contingent Liabilities and Contingent Assets may-20 IAS 38 Intangible Assets jun-20 IAS 39 Financial Instruments: Recognition and Measurement ago-20 IAS 40 Investment Property may-17 IAS 41 Agriculture may-20 SIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities ene-16 B.C.R.A. COMPLEMENTARY PROVISIONS TO THE CHART OF ACCOUNTS
SECTION 6 – LIST OF APPROVED IFRS
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Name Description
Month of approval or last modification
SIC 2 Members’ Contributions to Cooperative Entities and Similar Instruments jul-14 SIC 5 Rights to Interests in Production, Decommissioning and Site Rehabilitation Funds jul-14 SIC 6 Obligations Arising from Participation in Specific Markets-Waste Electrical and Electronic Equipment sep-05 SIC 7 Application of IAS 29 Financial Reporting in Hyperinflationary Economies sep-07 SIC 10 Interim Financial Reporting and Impairment jul-14 SIC 12 Service Concession Arrangements ene-16 SIC 14 IAS 19: The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction jun-11 SIC 16 Hedges of a Net Investment in a Foreign Operation jul-14 SIC 17 Equity Transactions: Costs of Equity Instruments jul-14 SIC 19 Extinguishing Financial Liabilities with Equity Instruments jul-14 SIC 20 Stripming Costs in the Production Phase of a Surface Mine oct-11 SIC 21 Taxes may-13 SIC 22 Foreign Currency Transactions and Advance Consideration dic-16 SIC 23 Uncertainty over Income Tax Treatments jun-17 SIC 7 Introduction of the Euro nov-13 SIC 10 Government Assistance – No Specific Relation to Operating Activities sep-07 SIC 25 Income Taxes – Changes in the Tax Status of an Entity or its Shareholders sep-07 SIC 29 Service Concession Arrangements: Disclosures ene-16 SIC 32 Intangible Assets – Website Costs ene-16 B.C.R.A. COMPLEMENTARY PROVISIONS TO THE CHART OF ACCOUNTS
SECTION 6 – LIST OF APPROVED IFRS
Version: 7a. COMMUNICATION “A” 8164 Validity:
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