Accounting for Dynamic Risk Management: A Portfolio Revaluation Approach to Macro Hedging (Proposed amendments to IFRS 9) [ED]
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The DP represents the first stage in this project, by seeking public comment on a possible approach to accounting for an entity’s dynamic risk management activities, namely the portfolio revaluation approach (PRA). |
Accounting Policies and Accounting Estimates (Potential Amendments to IAS 8) [ED]
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The purpose of this project is to clarify the distinction between a change in an accounting policy and a change in an accounting estimate, in relation to the application of IAS 8. |
Business Combinations under Common Control (Potential Amendments to IFRS 3) [DP]
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The essence of the project is to identify whether and when an entity should continue to use the previous carrying amounts of a transferred business (carry-over accounting) and whether and when it should apply business combination accounting. |
Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction (Amendments to IAS 12) [ED]
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The proposed narrow-scope amendment would narrow the initial recognition exemption in paragraphs 15 and 24 of IAS 12 so that it would not apply to transactions that give rise to both taxable and deductible temporary differences, to the extent the amounts recognized for the temporary differences are the same
At its meeting on October 24, 2018, the International Accounting Standards Board discussed the IFRS Interpretations Committee’s recommendation to propose a narrow-scope amendment to IAS 12, Income Taxes. The proposed amendment relates to the recognition of deferred tax when an entity accounts for transactions, such as leases or decommissioning obligations, by recognizing both an asset and a liability.
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Disclosure initiative — Accounting Policies [ED]
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The objective of this project is to develop guidance and examples to help entities apply materiality judgements to accounting policy disclosure. |
Disclosure initiative — Primary Financial Statements [ED]
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The Primary Financial Statements project examines possible changes to the structure and content of the primary financial statements. |
Financial Instruments with Characteristics of Equity (Potential Amendments to IAS 32) [DP]
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This is currently a joint research project with the FASB to address issues related to the guidance in IAS 32, Financial Instruments: Presentation, which distinguishes between asset and liability instruments (non-equity instruments) and equity instruments. |
Goodwill and Impairment [ED]
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The objective of this project is to consider how to address the three areas of focus identified in the Post-implementation Review of IFRS 3, Business Combinations. |
IFRS Foundation consultation on establishing a sustainability standards board [ED]
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The objective of this project is to assess demand for global sustainability standards and what role the Foundation might play in the development of such standards. |
IFRS Taxonomy Update (Amendments to IFRS 17, IFRS 4 and IAS 16) [ED]
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On July 16, 2020, the IFRS Foundation published a Proposed Taxonomy Update, 'IFRS Taxonomy 2020 — 'Amendments to IFRS 17', 'Extension of the Temporary Exemption from Applying IFRS 9' and 'Property, Plant and Equipment — Proceeds before Intended Use''. Comments are requested by September 14, 2020. |
IFRS Taxonomy Update (General Improvements and Common Practice — IAS 19, Employee Benefits) [ED]
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The proposed update includes elements to reflect common reporting practice and new and amended labels to clarify the accounting meaning and intended use of some existing elements. |
IFRS Taxonomy Update (General Improvements and Common Practice — Presentation of Information in Primary Financial Statements [ED]
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The proposed update includes elements to reflect common reporting practice and new and amended labels to clarify the accounting meaning and intended use of some existing elements. |
Lease Liability in a Sale and Leaseback [ED]
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The objective of this project is to amend IFRS 16 to specify how the seller-lessee applies the subsequent measurement requirements in IFRS 16 to the lease liability that arises in a sale and leaseback transaction. |
Narrow-scope amendments to IAS 19 and IFRIC 14 — Remeasurement on a plan amendment, curtailment or settlement [Completed] / Availability of a refund of a surplus from a defined benefit plan [ED]
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Narrow-focus amendments to IAS 19, "Employee Benefits", and IFRIC 14, "The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction" |
Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 [RFI]
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The IASB conducts a Post-implementation Review (PIR) of each new IFRS Standard or major amendment. A PIR is a mandatory step in the due process for new IFRS Standards or major amendments to IFRS Standards. |
Reporting the Financial Effects of Rate Regulation [ED]
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This is the first step in the IASB’s project to develop a comprehensive IFRS standard for entities that have rate-regulated activities. |