At its meeting on June 19, 2018, the AcSB continued discussing feedback on its Exposure Draft. The Board: (i) confirmed an option to recognize the effect of liability classification in either a separate component of equity or retained earnings; and (ii) decided to provide additional transition relief to assist stakeholders with adopting the amendments. The Board also considered proposed drafting changes relating to determining the related party unit of account and transition guidance. The Board will consider a draft of the Basis for Conclusions at its next meeting in July 2018. The Board will issue the final amendments no later than the fourth quarter of 2018 in conjunction with the narrow-scope amendments to Section 3856, Financial Instruments.

Review the Executive Summary on the AcSB's Web site.