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IFRS Taxonomy Update (General Improvements and Common Practice — Presentation of Information in Primary Financial Statements [ED]

Comment period ended on January 5, 2021

Next steps:

The IASB plans to review the Proposed Update feedback in February 2021

Last up­dated:

December 2020

Overview

On October 29, 2020, the International Accounting Standards Board (IASB) published "Proposed IFRS Taxonomy Update 2020 — General Improvements and Common Practice — Presentation of Information in Primary Financial Statements".

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.

For more information, the press release and proposed update on the IASB’s website.

 

Other developments

December 2020 review the Proposed Update feedback in February 2021

On December 18, 2020, the IASB staff updated the Work Plan to indicate that the Board plans to review the Proposed Update feedback in February 2021.

October 2020

On October 30, 2020, the IASB staff up­dated the Work Plan to in­di­cate that the Board plans to re­view the Pro­posed Up­date Feed­back in Q1/2021.

On October 29, 2020, the International Accounting Standards Board (IASB) published "Proposed IFRS Taxonomy Update 2020 — General Improvements and Common Practice — Presentation of information in Primary Financial Statements". Comments are requested by January 5, 2021.

 

 

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.