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Major projects

Title Description
Changes in accounting policies and estimates This project is intended to clarify the distinction between a change in an accounting policy and a change in an accounting estimate, in relation to the application of IAS 8. An exposure draft 'Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)' was published on 12 September 2017 with comments requested by 15 January 2018. First feedback on the ED is expected in March 2018.
Disclosure initiative — Overview Provides a summary of projects in the IASB's overall disclosure initiative, outlining summary progress on the implementation and research projects the IASB has decided to consider as part of the broader initiative.
Financial instruments — Limited reconsideration of IFRS 9 Completed 2014. The finalised version of IFRS 9 'Financial Instruments' was issued on 24 July 2014.
Financial instruments — Macro hedge accounting A project to consider risk management strategies referring to open portfolios (macro hedging) which are not specifically covered by the IASB’s project on general hedge accounting. A discussion paper was published on 17 April 2014. A second discussion paper is expected in 2019.
Financial instruments — Comprehensive project A multi-faceted joint IASB-FASB project to rewrite the requirements for accounting for financial instruments, consisting of a number of sub-projects.
Financial instruments — Impairment Completed 2014. The finalised version of IFRS 9 'Financial Instruments' was issued on 24 July 2014.
Management commentary (Wider corporate reporting) The aim of this project is to review and update the 'Management Commentary Practice Statement' issued in 2010 to help address the lack of alignment and integration between wider corporate reporting and financial reporting.
Primary financial statements The aim of this project is to develop improvements to the structure and content of the primary financial statements, with a focus on the statement(s) of financial performance. An exposure draft of a proposed new standard was published on 17 December 2019. On 17 April 2020, the comment period on the exposure draft was extended until 30 September 2020.
Revenue recognition Completed 2014. IFRS 15 'Revenue from Contracts with Customers' was issued on 28 May 2014.

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.