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EFRAG, EFFAS, ABAF/BVFA, and IASB to host joint outreach event on general presentation and disclosures in financial statements

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01 Apr 2020

The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), the Association Belge des Analystes Financiers (ABAF/BVFA), and the IFRS Foundation will host a joint outreach event composed of two webinars on 19 and 26 of May 2020 on the IASB’s Exposure Draft ‘General Presentation and Disclosures’.

On 17 December 2019, the IASB published the exposure draft of a new standard General Presentation and Disclosures that is intended to replace IAS 1 Presentation of Financial Statements.

The panel in these webinars will discuss the benefits of the proposed new presentation of the income statement, the guidance on management performance measures, and the definition and disclosure of unusual income and expenses, using real-life examples. The panel will also talk about potential further improvements.

For more information, see the press release on EFRAG’s website.

Following the joint online outreach events, EFRAG, in collaboration with EFFAS, BVFA/ABAF and the IASB, has published a summary report of the events for the convenience of European constituents. 

For more information, refer to the press release and summary report on EFRAG's website. 

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