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Classification of Liabilities – International Accounting Standards Board

Date recorded:

At its meeting on April 17, 2020, as a result of the Covid 19 pandemic, the IASB tentatively decided to publish an Exposure Draft proposing to delay the effective date of Classification of Liabilities as Current or Non-Current, which amends IAS 1, to annual reporting periods beginning on or after January 1, 2023. The Board tentatively decided to allow 30 days for comment on the Exposure Draft. All of the Board members confirmed that they were satisfied that the Board has complied with the applicable due-process requirements and has, in particular, undertaken sufficient consultation and analysis to begin the process for balloting the Exposure Draft. No Board member indicated that he or she intends to dissent from the proposal.

Review the IASB Update and podcast on the Board'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.