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 (http://www2.deloitte.com/ca/en/legal/cookies.html) 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.

AcSB Exposure Draft – Classification of Liabilities (Proposed amendments to IAS 1)

  • IFRS - AcSB Image

Mar 11, 2015

On March 11, 2015, the Accounting Standards Board issued an Exposure Draft that corresponds to the International Accounting Standards Board’s Exposure Draft on this topic. Canadian stakeholders are encouraged to submit their comments by June 10, 2015.

The International Accounting Standards Board (IASB) recently issued an Exposure Draft, “Classification of Liabilities (Proposed amendments to IAS 1).” The proposed amendments are designed to clarify how entities classify debt, particularly when it is coming up for renewal.

The IASB’s Exposure Draft includes a Basis for Conclusions, which is not part of this Exposure Draft. The Basis for Conclusions may provide useful information to stakeholders.

The AcSB encourages Canadian stakeholders to respond to the IASB on its Exposure Draft. Specific questions on which the IASB would like input are provided in the Invitation to Comment in its Exposure Draft. The AcSB requests that comment letters be sent directly to the IASB with a copy to the AcSB.

Download the Exposure Draft.

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.