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Management commentary


The objective of this project is to develop a model for a narrative report, that would accompany but be presented outside of the financial statements, setting out management's explanation of the enterprise's financial condition, changes in financial condition, results of operations, and causes of changes in material line items. The output of the project will be a 'best practice' guidance document rather an an IFRS.


Current status of the project

This project has been completed. The IASB issued IFRS Practice Statement Management Commentary on 8 December 2010.


Project milestones

27 October 2005 Discussion Paper Management Commentary published Comment deadline 28 April 2006
23 June 2009 Exposure Draft ED/2009/9 Management Commentary published Comment deadline 1 March 2010
8 December 2010 IFRS Practice Statement Management commentary issued An entity may apply the Practice Statement to management commentary presented prospectively from 8 December 2010.

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.