EFRAG and ASCG joint outreach on characteristics of equity

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • Accounting Standards Committee of Germany (ASCG) (lt blue) Image

31 Aug 2018

EFRAG and the Accounting Standards Committee of Germany (ASCG) will be hosting a joint outreach event on 20 November 2018 in Frankfurt to discuss the IASB’s discussion paper (DP) ‘Financial Instruments with Characteristics of Equity’.

On 28 June 2018, the IASB issued DP/2018/1 which defines the principles for the classification of financial liabilities and equity instruments without, however, fundamentally changing the existing classification outcomes of IAS 32. The IASB's proposed preferred approach is based on two features, timing and amount, and is accompanied by the provision of additional information through a separate presentation of expenses and income from certain financial liabilities in other comprehensive income and additional disclosures.

For more information on the outreach event, see the press release on the EFRAG’s website.

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