Primary Financial Statements – International Accounting Standards Board
At its meeting on March 23-24, 2021, the IASB met to begin redeliberating the proposals in the Exposure Draft, General Presentation and Disclosures, relating to:
- subtotals and categories in the statement of profit or loss, by discussing the requirement for, and the definition of, operating profit;
- management performance measures, including the potential expansion of their scope beyond income and expense subtotals; and
- amendments to the statement of cash flows, including the scope of amendments and some of the specific proposals.
The Board will continue to redeliberate the project proposals at a future meeting.
Review the IASB Update and podcast on the Board's Web site.