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Disclosure initiative — Primary Financial Statements - IASB

Date recorded:

At its meeting on November 14, 2017, the IASB made tentative decisions on the following: (i) presentation of an investing category in the statement(s) of financial performance; and (ii) definition of finance income/expenses.

Also, the Board tentatively decided to rename the two categories in the OCI section of the statement(s) of financial performance as follows: (i) "remeasurements reported outside profit or loss" (currently "OCI items that will not be reclassified subsequently to profit or loss"); and (ii) "income and expenses to be included in profit or loss in the future" (currently "OCI items that will be reclassified subsequently to profit or loss").

The Board will continue its discussions at a future meeting.

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

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