EFRAG publishes summary report for the joint outreach event on FICE
13 Dec, 2018
The EFRAG has issued a summary report on the joint outreach event on the financial instruments with characteristics of equity (FICE) Discussion Paper (DP) co-hosted with the Accounting Standards Committee of Germany (ASCG) on 20 November 2018 in Frankfurt.
Specifically, the event focused on the following aspects of the IASB's FICE project:
- Objective, scope and challenges;
- The IASB's preferred approach and classification of non-derivative instruments;
- Classification of derivative financial instruments;
- Compound instruments and redemption obligation arrangements;
- Presentation requirements;
- Disclosure; and
- Contractual terms.
For more information, see the press release and summary report on the EFRAG website.