IASB und FASB decelerate three projects
25 Oct 2010
During their joint meeting in October 2010, the IASB and the FASB deliberated the projects Reporting Entity (Conceptual Framework, phase D), Financial Statement Presentation and Financial Instruments with Characteristics of Equity (Liabilities and Equity) against the background of the Boards' entire work plan.
In particular, the project on Financial Instruments with Characteristics of Equity which attracted much attention from constituents in Germany and New Zealand seems to have been sidelined. Thus, neither targeted changes to IAS 32 (e.g. puttable instruments, convertibles, and non-controlling interest) – as signalled recently – nor a proposal of a fundamental new classification principle for equity can be expected before June 2011.
Click for our:
- Reporting entity (conceptual framework, phase D) project page.
- Financial Statement Presentation project page.
- Financial Instruments with Characteristics of Equity (Liability and Equity) project page.