Financial Instruments with Characteristics of Equity – International Accounting Standards Board
At its meeting on May 24-27, 2021, the IASB met to continue discussing potential refinements to its proposals for the disclosure of information about priority on liquidation. The Board discussed proposals to require two new types of disclosures, namely (i) disclosure of the nature and priority of claims against an entity; and (ii) disclosure of terms and conditions about priority on liquidation for particular financial instruments. (The requirements would, if finalized, be incorporated into IFRS 7, Financial Instruments: Disclosures.) The Board made tentative decisions in this regard and will continue its discussions on other topics included in the project plan discussed at its October 2019 meeting.
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