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Annual Improvements to IFRSs 2015-2017 Cycle – IASB

Date recorded:

At its meeting on September 20, 2017, the IASB tentatively decided to finalize, without re-exposing, the following proposed amendments as part of Annual Improvements to IFRS Standards 2015–2017 Cycle: (i) Income tax consequences of payments on financial instruments classified as equity (amendments to IAS 12, Income Taxes); and (ii) Borrowing costs eligible for capitalisation (amendments to IAS 23, Borrowing Costs).

The Board tentatively decided: (i) that the amendments meet the criteria for inclusion in the annual improvements process; and (ii) to require entities to apply the amendments to annual reporting periods beginning on or after 1 January 2019, with earlier application permitted.

The Board expects to issue Annual Improvements 2015–2017 Cycle in December 2017.

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

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