EFRAG Update detailing May developments
15 May 2014
The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its 'EFRAG Update' newsletter, summarising the discussions held at the EFRAG TEG meeting of 7-9 May 2014.
Highlight was the adoption of a final comment letter on the ESMA Consultation Paper Guidelines on Alternative Performance Measures.
Additional topics discussed in the newsletter are:
- Macro hedging;
- Conceptual Framework;
- three drafts of new issues in the EFRAG Short Discussion Series (A principle based approach to ensure consistent application of IFRS, IFRS 3 'Business Combinations' – Subsequent accounting for acquisition step-ups, and Classification of Claims);
- drafts for the EFRAG projects on IAS 37 and IFRIC 21, Separate Financial Statements, Business Combinations Under Common Control, and Financial Statement Presentation;
- Conceptual framework bulletins;
- IFRS 3 – Post-implementation review;
- Leases;
- Insurance contracts.
Please click for the new issue of the EFRAG Update (link to EFRAG website).
