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Webcast – IASB Research Forum 2016: Assets and Liabilities: When Do They Exist?

  • IFRS - AcSB Image

Dec 06, 2016

On December 6, 2016, the Accounting Standards Board (AcSB) released the webcast "Assets and Liabilities: When Do They Exist?" from the third annual IASB Research Forum that was held in conjunction with the 2016 Contemporary Accounting Research Conference this October 2016.

This session investigates whether the references to probability in standard setters’ conceptual definitions of assets and liabilities cause individuals to believe that the probability of a future transfer of economic benefits must be above some meaningful threshold (or even, certain) for an asset or a liability to exist — a belief that is contrary to standard setters’ intent.

Review the press release and webcast on the AcSB's website.

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