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.

Summary of the November 2018 GPF meeting

  • IFRS - IASB Image

Feb 13, 2019

On February 13, 2019, the International Accounting Standards Board (the Board) posted the minutes of the meeting of the Global Preparers Forum (GPF) with representatives of the IASB held in London on November 6, 2018.

The topics discussed at the meeting included:

  • IASB technical update. An update was given on IASB activities since the last GPF meeting.
  • Primary financial state­ments. The GPF members provided feedback on the IASB’s tentative decisions related to primary financial statements. Specifically, they discussed defined subtotals in the statement of financial performance, management performance measures, and disaggregation.
  • Management commentary. The GPF members discussed developments in the project to update IFRS Practice Statement 1 Management Commentary (Practice Statement), including the objective of management commentary, applying materiality in preparing management commentary, and principles of preparing management commentary.
  • Goodwill and im­pair­ment. The GPF members provided feedback on the disclosure objectives and requirements in development to provide users more information about a business combination and performance.
  • Financial instruments with characteristics of equity. The GPF members were provided with an overview of the key proposals in the Discussion Paper DP/2018/1 Financial Instruments with Characteristics of Equity.

Review the press release and full meeting summary on the Board's website.

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.