This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Conceptual Framework - IASB

Date recorded:

At its meeting on September 22, 2016, the IASB discussed concepts from the May 2015 Exposure Draft, Conceptual Framework for Financial Reporting. Tentative decisions were made with respect to the: (i) reporting entity; (ii) presentation and disclosure; (iii) asymmetry in treating gains and losses; and (iv) equity. The Board will continue its discussions at its October 2016 meeting. The Board will also discuss drafting suggestions for the acknowledgement of an asymmetric treatment of gains (or assets) and losses (or liabilities). Further, the Board will discuss the Exposure Draft, Updating References to the Conceptual Framework.

Review the IASB Update on the IASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.