EFRAG Update detailing May/June developments
20 Jun, 2014
The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its 'EFRAG Update' newsletter, summarising the discussions held at the EFRAG CFSS meeting of 27 May 2014, the EFRAG TEG conference calls of 28 May and 4 June 2014 and the EFRAG TEG meeting of 11-13 June 2014.
Highlights included the issuance of two draft endorsement advice letters on the IASB projects related to (1) amendments to IFRS 11 and (2) amendments to IAS 16 and IAS 38. Also, the EFRAG published a feedback statement from its Brussels outreach event on the post-implementation review of IFRS 3.
Additional topics discussed in the newsletter are:
- Business combinations under common control;
- Disclosure initiative (amendments to IAS 1);
- Macro hedging;
- Conceptual framework;
- Equity method;
- Joint operations;
- Insurance contracts;
- Depreciation and amortisation;
- EFRAG Short Discussion Series paper on IFRS 3;
- ESMA consultation paper on alternative performance measures;
- Leases;
- EFRAG DP Classification of claims;
- Revenue recognition;
- Joint DP Separate Financial Statements;
- IFRIC issues related to joint arrangements (IFRS 11);
- Conceptual framework bulletins;
- EFRAG projects on IAS 37/IFRIC 21 and Financial Statement Presentation;
- Joint paper on goodwill;
- IFRS 3 – Post-implementation review;
Please click for the new issue of the EFRAG Update (link to EFRAG website).
