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Disclosure Initiative – Primary Financial Statements – International Accounting Standards Board

Date recorded:

At its meeting on July 22-25, 2019, the Board discussed and made tentative conclusions with respect to:

  1. amendments to IAS 34, Interim Financial Reporting;
  2. management performance measures and subtotals similar to gross profit;
  3. classification of interest and dividends in the statement of cash flows; and
  4. management performance measures and adjusted earnings per share.

The Board members concluded that they are satisfied that the Board has complied with applicable due process steps for the project and instructed the staff to prepare an exposure draft for balloting. The Board also decided to allow 180 days for comment on the exposure draft. The staff will prepare an exposure draft for balloting. At its joint meeting with the FASB on July 23, 2019, the Board also received an update on the FASB project on Financial Performance Reporting.

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

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