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Updated IASB work plan — Analysis

  • IFRS - IASB Image

Dec 14, 2018

On December 14, 2018, the International Accounting Standards Board (the Board) updated its work plan following its December 2018 meeting.

Below is an analysis of all changes that were made to the work plan since our last analysis on November 17, 2018.

Standard-setting projects

  • no changes

Maintenance projects

  • Accounting Policies and Accounting Estimates — a decision on the project direction has been postponed to the second quarter of 2019 (was: December 2018)
  • Accounting Policy Changes — after discussing the feedback to the exposure draft, the next project step is now given a decision on the project direction (no date given)
  • Amendments to IFRS 17, Insurance Contracts — the IASB now acknowledges its decisions in November and December and has added a new project to its work plan; an exposure draft is expected in the first half of 2019
  • Fees in the "10 per cent" test for Derecognition — an exposure draft is now expected in the first half of 2019 (no date given before)
  • Improvements to IFRS 8, Operating Segments — a feedback statement is now expected in February 2019 (was: December 2018)
  • Lease Incentives — an exposure draft is now expected in the first half of 2019 (no date given before)
  • Onerous Contracts — Cost of Fulfilling a Contract — after publication of ED/2018/2 earlier this month, the next project step is now discussing feedback on the exposure draft in the first half of 2019
  • Subsidiary as a First-time Adopter — an exposure draft is now expected in the first half of 2019 (no date given before)
  • Taxation in Fair Value Measurements — an exposure draft is now expected in the first half of 2019 (no date given before)
  • Updating a Reference to the Conceptual Framework — an exposure draft (tbc) is now expected in the first half of 2019 (no date given before)

Research projects

Other projects

The revised IASB work plan is available on the Board's website.

Correction list for hyphenation

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