Classification of Liabilities – International Accounting Standards Board
At its meeting on June 23-25, 2020, the IASB discussed the feedback on the May 2020 Exposure Draft which proposed deferring for one year the effective date of Classification of Liabilities as Current or Non-current which was issued in January 2020. Following this discussion, the Board decided to finalize the proposed amendment in the Exposure Draft with no changes. The Board plans to issue the amendment in July 2020.