Summary of the June 2014 CMAC and GPF meeting

  • CMAC (Capital Markets Advisory Committee) (mid blue) Image
  • GPF (Global Preparers Forum) (mid blue) Image

20 Aug 2014

The IASB has made available a summary and recordings of the discussions held during the joint meeting of the Capital Markets Advisory Committee (CMAC) and the Global Preparers Forum (GPF) on 30 June 2014.

The topics discussed at the meeting included:

  • Conceptual Framework — The CMAC and GPF discussed (1) the distinction between liabilities and equity, and (2) the distinction between profit or loss and other comprehensive income.
  • Disclosure Initiative — CMAC and GPF members provided input on debt reconciliation and principles of disclosure projects.
  • Leases— GPF and CMAC members discussed three areas of lessee disclosures:
    1. maturity analysis of the contractual lease payments included in lease liabilities;
    2. reconciliations of the opening and closing balances of right-of-use assets and lease liabilities and alternative quantitative disclosures; and
    3. qualitative disclosures.
  • Post-implementation Review of IFRS 3 — The IASB staff presented an overview of the status of project and solicited input from CMAC and GPF members on some of the more significant issues included in the Request for Information.

The next CMAC meeting is scheduled for 16 October 2014.

For more information, see the meeting page on the IASB's website.

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