This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Classification of Liabilities – International Accounting Standards Board

Date recorded:

At its meeting on June 22-23, 2021, the IASB discussed the IFRIC’s technical analysis and conclusions relating to the implementation of the 2020 amendments to IAS 1. The Board tentatively decided that it would be necessary to make further amendments to IAS 1 prior to implementing the 2020 amendments in order to address certain fact patterns, and accordingly tentatively to defer the effective date of the 2020 amendments to no earlier than January 1, 2024. At a future meeting the Board will discuss the transition requirements for the proposed amendments, as well as the Board’s compliance with applicable due process steps.

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.