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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). |
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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. |
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Accounting policy changes (Potential Amendments to IAS 8) [ED]
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This project addresses the challenges posed by the requirements in IAS 8 for voluntary changes in accounting policies, in particular, changes in accounting policies that result from agenda decisions published by the IFRIC. |
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Amendments to IFRS 17, Insurance Contracts [ED]
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The objective of this project is to address concerns and implementation challenges raised since the IFRS 17 was issued and to consider whether there is a need to amend the Standard. |
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Annual Improvements to IFRSs 2018-2020 Cycle [ED]
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This project tracks developments in the annual improvements process for the 2018-2020 cycle. |
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Classification of Liabilities (Proposed Amendments to IAS 1) [ED]
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The amendments aim at a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangements in place at the reporting date. |
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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. |
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Due Process Handbook Review [ED]
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The Due Process Oversight Committee decided to undertake a further review to ensure its Handbook continues to be fit for purpose. |
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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. |
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IFRS Taxonomy Update — Common Practice (IFRS 13, Fair Value Measurement) [ED]
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The Proposed IFRS Taxonomy Update 1/2018 includes changes to the IFRS Taxonomy 2018 reflecting common reporting practice for the disclosure requirements in IFRS 13, including: (i) sensitivity of fair value measurement to changes in unobservable inputs; and (ii) quantitative information about significant unobservable inputs used in fair value measurement. |
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IFRS Taxonomy Update—2018 General Improvements [ED]
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The IFRS Taxonomy team is currently reviewing a number of improvements to the IFRS Taxonomy 2018 to support consistent tagging. |
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IFRS Taxonomy Update—Interest Rate Benchmark Reform Part I (Amendments to IFRS 9, IAS 39 and IFRS 7) [ED]
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The IASB plans to make changes to the IFRS Taxonomy to reflect the disclosure requirements introduced by Interest Rate Benchmark Reform Part I |
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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" |
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Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) [ED]
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This project clarifies the meaning of the term "unavoidable costs" in the IAS 37 definition of an onerous contract. |
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Property, Plant and Equipment: Proceeds before Intended Use (Proposed Amendments to IAS 16) [ED]
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The purpose of this project is to clarify the accounting for the net proceeds from selling any items produced while bringing an item of property, plant and equipment (PPE) into use. |
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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. |
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Updating a Reference to the Conceptual Framework (Amendments to IFRS 3) [ED]
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The objective of this project is to decide whether and, if so, how to update IFRS 3 so that the Standard instead refers to the Conceptual Framework for Financial Reporting, which the Board issued in March 2018. |