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Broad

Title Description
Insurance contracts — overview The objective of this project is to make targeted improvements to existing U.S. GAAP.
Financial instruments — Overview The objective of the Accounting for Financial Instruments project is to significantly improve the decision usefulness of financial instrument reporting for financial statement users and simplify existing accounting requirements for financial instruments. The project comprises three phases: (1) reconsidering the recognition and measurement of financial instruments, (2) addressing issues related to impairment of financial instruments, and (3) simplifying hedge accounting.
Financial instruments — Classification and measurement This phase of the Accounting for Financial Instruments project reconsiders the classification and measurement of financial instruments in an effort to provide financial statement users with more decision-useful information about an entity’s involvement in financial instruments, while reducing the complexity in accounting for those instruments.
Financial instruments — Impairment This phase of the Accounting for Financial Instruments project intends to improve the decision usefulness of the reporting of credit losses on financial assets for users of financial statements by removing the perceived constraints to timely recognition of credit losses.
Financial instruments — Hedging This phase of the Accounting for Financial Instruments project aimed to (a) improve the financial reporting of hedging activities to make the hedge accounting results more transparent and useful to investors and other users of financial statements and (b) simplify the accounting for hedging activities to make it easier for preparers of financial reports to comply with the guidance.
Insurance — targeted improvements to the accounting for long-duration contracts The objective of the project is to develop targeted improvements to insurance accounting.

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