Effective Dates for New Standards
Pre-changeover Accounting Standards

Section 1582, Business Combinations

Prospective

Business combinations for which the acquisition date is on or after January 1, 2011. Entities making the transition to IFRSs in 2011 might choose to adopt Section 1582 in 2010 to minimize the effect of making the transition.
An entity that applies this Section before January 1, 2011 shall apply Sections 1601 and 1602 at the same time.
  

Section 1601, Consolidated Financial Statements

Prospective

Annual and interim consolidated financial statements relating to fiscal years beginning on or after January 1, 2011.
An entity that applies this Section before January 1, 2011 shall apply Sections 1582 and 1602 at the same time.
    

Section 1602,
Non-controlling Interests

Prospective

Annual and interim consolidated financial statements relating to fiscal years beginning on or after January 1, 2011.
An entity that applies this Section before January 1, 2011 shall apply Sections 1582 and 1601 at the same time.
  

Section 1625, Comprehensive Revaluation of Assets and Liabilities
(Amendment to existing standard)

Prospective

Comprehensive revaluations of assets and liabilities occurring in fiscal years beginning on or after January 1, 2011.  
An entity that applies this Section for a fiscal year beginning before January 1, 2011 also adopts Section 1582.
    

Section 3251, Equity
(Amendment to existing standard)
 

Prospective 

Annual and interim consolidated financial statements relating to fiscal years beginning on or after January 1, 2011.  
The amendments apply only to entities that have adopted Section 1602.
   

Section 3855, Financial Instruments — Recognition and Measurement
(Embedded prepayment option clarification)
    

Prospective

Annual and interim financial statements relating to fiscal years beginning on or after January 1, 2011.