Primary Financial Statements – International Accounting Standards Board
Date recorded:
At its meeting on October 25-28, 2021, the IASB met to redeliberate some of the proposals in its Exposure Draft relating to: (i) the classification and presentation of income and expenses from associates and joint ventures in the statement of profit or loss; (ii) the presentation of operating expenses in the statement of profit or loss and disclosure in the notes; and (iii) the operating profit or loss before depreciation and amortization subtotal. The Board made a number of tentative decisions in this regard. The Board will continue to redeliberate the project proposals at future meetings.
Review the IASB Update and podcast on the Board's Web site.
