About this book
The 2021 edition of International GAAP® has been fully revised and updated in order to:
• Provide expanded discussion and practical illustrations on the many implementation issues arising as entities continue to apply IFRS 16 – Leases , including those related to recent rent concessions and the associated narrow scope amendment issued by the International Accounting Standards Board (IASB).
• Include an updated chapter on the new insurance contracts standard IFRS 17 –Insurance Contracts , which reflects the IASB’s recently issued Amendments to IFRS17 , resulting in a number of significant changes as well as many other editorial alterations. The chapter also discusses implementation issues and explores other matters arising as insurers prepare for the adoption of the standard.
• Continue to investigate the many application issues arising as entities apply IFRS 9 –FinancialInstruments– and IFRS 15 –RevenuefromContractswithCustomers .
• Discuss the IASB’s amendments to IFRS 9 and related standards to address the effects of the Interbank Offered Rates (IBOR) reform on financial reporting.
• Illustrate the application of IFRS to the accounting for natural disasters highlighted by the accounting issues related to the recent coronavirus pandemic.
• Discuss the new agenda decisions issued by the IFRS Interpretations Committee since the preparation of the 2020 edition.
• Address the amendments to standards and the many other initiatives that are currently being discussed by the IASB and the potential consequential changes to accounting requirements.
• Provide further insight on the many issues relating to the practical application of IFRS, based on the extensive experience of the book’s authors in dealing with current issues.
The book is published in three volumes. The 56 chapters – listed on pages xi to xiii –are split between the three volumes as follows:
• Volume 1 - Chapters 1 to 22,
• Volume 2 - Chapters 23 to 43,
• Volume 3 - Chapters 44 to 56.
Each chapter includes a detailed list of contents and list of illustrative examples.
Each of the three volumes contains the following indexes covering all three volumes:
• an index of extracts from financial statements,
• an index of references to standards and interpretations,
• a general index.
Preface
The IASB noted in its 2018 analysis of the use of IFRS around the world that, other than China, India, Japan and the United States, the vast majority of the 166 jurisdictions they have researched require the use of IFRS for all or most domestic publicly accountable entities (listed companies and financial institutions) in their capital markets. Maintaining the current international alignment of accounting standards requires an ongoing commitment on the part of all jurisdictions involved, but the benefits of IFRS are clear when looking at the way in which the IASB was able to consider the impact of the coronavirus pandemic on financial reporting.
The coronavirus outbreak was first reported near the end of 2019, with the virus subsequently spreading worldwide. On 11 March 2020, the World Health Organisation classified the outbreak as a pandemic. While the coronavirus outbreak is first and foremost a public health concern, it has significantly impacted the world economy and, indirectly, financial reporting and the work of the IASB itself.
In response to the development, the IASB issued Amendments to IFRS 16 – Leases: Covid-19-Related Rent Concessions , deferred the effective date of Amendments to IAS 1 – Presentation of Financial Statements: Classification of Liabilities as Current or Non-current , decided to extend the consultation period of several consultation documents by three months, and decided to monitor the situation with a view to making further changes to its timelines, if necessary. As a result, the next milestones of many of the IASB’s projects have been pushed out to accommodate the exceptional circumstances.
The economic impacts of the coronavirus outbreak can also be seen in the financial reports of companies where it has affected the accounting for and disclosure of going concern issues, impairment testing, government grants, leases, onerous contracts, income taxes and fair value measurement. While the economic uncertainty increased the need for the careful exercise of judgement, IFRS has offered an accounting framework that provides the necessary guidance to deal even with these unusual circumstances.
Newstandards
IFRS 16 became effective in 2019 and its interactions with other standards has given rise to a number of challenging implementation questions that continue to be addressed. The Interpretations Committee has published agenda decisions on the treatment of subsurface rights, determining the incremental borrowing rate, the definition of a lease and the interaction between the lease term and useful life of leasehold improvements. The IASB continues to work on its project that deals with the application of IAS 12 –Income Taxes – to right-of-use assets and lease liabilities, while the Interpretations
Committee is currently considering the accounting for the sale and leaseback of an asset in a single-asset entity.
IFRS 17 – Insurance Contracts – was amended in June 2020 and has an effective date of 1 January 2023. The IASB amended IFRS 17 in response to matters of concern raised primarily in Europe regarding the concepts and practical implementation of the standard that were raised by stakeholders. IFRS 17, together with IFRS 9 – Financial Instruments , will result in profound changes to the accounting in IFRS financial statements for insurance companies. This will also have a significant impact on data, systems and processes used to produce information for financial reporting purposes. The new model is likely to have a significant impact on the profit and total equity of some insurance entities, but IFRS 17 has been welcomed by the user community as it is expected to improve comparability between insurers and increase the transparency around the drivers of performance and source of earnings.
Currentworkplan
The IASB has deferred its agenda consultation until 2021 and is currently still working on the projects in its work plan for the period from 2017 until 2021. The work plan can be divided into three elements: the standard-setting and maintenance projects, the research projects, and the Better Communication in Financial Reporting initiative.
The IASB’s standard-setting and maintenance agenda focuses almost exclusively on narrow scope projects that address certain aspects of existing standards. The exposure draft on the rate-regulated activities project – a more comprehensive project but limited in impact as it is industry-specific – was delayed by almost a year and is now expected to be published in early 2021.
As part of its active research agenda, the IASB’s core model for dynamic risk management and discussion paper on business combinations under common control are expected in late 2020, while the comment period on the discussion paper on goodwill and impairment was extended to December 2020. The IASB is currently considering the direction on the projects on financial instruments with characteristics of equity and extractive activities. Although these technically complex but important projects are taking longer than expected, we encourage the IASB to continue its work as they deal with issues that have been the source of many accounting questions.
The IASB expects to publish, in late 2020, its request for information on the PostImplementation Review of IFRS 10 – Consolidated Financial Statements , IFRS 11 –Joint Arrangements – and IFRS 12 – Disclosure of Interests in Other Entities . The Interpretations Committee has often discussed requests regarding the interpretation of IFRS 11 and it seems likely that the Post-Implementation Review will similarly give rise to questions from constituents.
Bettercommunicationandsustainabilityreporting
The IASB continues to work on the various aspects of its Better Communication in Financial Reporting initiative, such as the primary financial statements, management commentary and the taxonomy. The project to update the Management Commentary Practice Statement, for which an exposure draft is expected early in 2021, is seen by the
IASB as the cornerstone of the notion of ‘broader financial information’. That said, there is an ongoing debate as to how ‘broad’ annual reporting, and by extension the IASB’s own remit, should be.
In November 2019, Hans Hoogervorst, the Chairman of the IASB, noted in a speech that ‘The popularity of non-GAAP has risen sharply and there is growing interest in broader reporting, particularly in the area of sustainability. […] In the light of these developments, the IASB constantly asks itself how it can strengthen the relevance of IFRS Standards in this changing world.’ 1 Sue Lloyd, the Vice-Chair of the IASB, noted in December 2019 that ‘[…] the IASB exists to write Standards that result in investors getting the information they need to make their investment decisions. We know that in order to make informed investment decisions, investors need information that goes beyond the boundaries of that captured within the traditional financial statements. Investors need information about items that are not recognised and measured for accounting purposes, but that can affect the company’s future cash flows and the value of its equity.’ 2
Many of the non-financial issues that interest investors can be characterised as externalities, which are commonly defined as consequences of an industrial or commercial activity that affect other parties without being reflected in market prices. Traditional financial reporting has focused on how companies are affected by externalities that are inflicted upon them (i.e. the investor perspective), but far less on how their actions affect others (i.e. the societal perspective). In addressing these considerations, the IASB faces the challenge that it does not have the breadth of expertise that would allow it to cover the entire field of non-financial reporting and that its resources are limited.
In September 2020, Erik Thedéen, the Chair of IOSCO's Task Force on Sustainable Finance, noted in a speech that IOSCO is engaging with two initiatives that ‘are both very interesting and very promising’. 3 Firstly, an alliance of five framework- and standard-setting institutions of international significance – CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) – announced a commitment to working towards a comprehensive corporate reporting system. Secondly, a working group of IFRS trustees is considering what role the IFRS Foundation can play in setting standards for sustainability reporting. The Trustees of the IFRS Foundation published a consultation paper on sustainability reporting to assess if there is sufficient demand for global sustainability standards and, if so, whether the development of a sustainability standards board under the governance structure of the IFRS Foundation would be an appropriate approach to achieving further consistency and global comparability in sustainability reporting.
1 Speech by Hans Hoogervorst, 5 November 2019 (IASB Chair delivers keynote at Eumedion Annual Symposium, Netherlands). IFRS Foundation website: http://www.ifrs.org/news-and-events/2019/11/theiasb-from-financial-to-integrated-standard-setter/
2 Speech by Sue Lloyd, 9 December 2019 (Enhancing relevance in 2020 and beyond). IFRS Foundation website: http://www.ifrs.org/news-and-events/2019/12/enhancing-relevance-in-2020-and-beyond/
3 Speech by Erik Thedéen, 1 October 2020 (speech at the conference Driving Global Standards on Sustainable Finance). Swedish Finansinspektionen website: https://www.fi.se/en/published/presentations/2020/erikthedeens-speech-at-driving-global-standards-on-sustainable-finance/
We commend the initiative of the Trustees of the IFRS Foundation in taking an active role in the efforts to improve the broader financial report, as non-financial reporting provides important information that allows users to put the financial statements in context and helps them in assessing future risks and opportunities. In addition to IOSCO, the International Federation of Accountants (IFAC) has also expressed support for the creation of a new sustainability standards board that would exist alongside the IASB under the IFRS Foundation. However, as legislators in some jurisdictions have already taken steps to ensure a minimum level of communication about sustainability issues, we believe it is crucial in the interest of broad acceptance to build as broad a base of support as possible.
This edition of International GAAP® covers the many interpretations, practices and solutions that have now been developed based on our work with clients, and discussions with regulators, standard-setters and other professionals. In particular, the edition has been revised to consider the many financial reporting issues that have arisen in the context of the coronavirus pandemic. We believe that InternationalGAAP®, now in its sixteenth edition, plays an important role in ensuring consistent application of IFRS and helping companies as they address emerging issues (e.g. interest rate benchmark reform, application of IFRS 16 and implementation of IFRS 17). These issues are complex and give rise to many practical questions about the recognition, measurement, presentation and disclosure requirements.
Our team of authors and reviewers hails from all parts of the world and includes not only our global technical experts but also senior client-facing professionals. This gives us an in-depth knowledge of practice in many different countries and industry sectors, enabling us to go beyond mere recitation of the requirements of standards to explaining their application in many varied situations.
We are deeply indebted to many of our colleagues within the global organisation of EY for their selfless assistance and support in the publication of this book. It has been a truly international effort, with valuable contributions from EY people around the globe.
Our thanks go particularly to those who reviewed and edited the drafts, most notably: Elisa Alfieri, Mark Barton, Christian Baur, Paul Beswick, Silke Blaschke, Linzi Carr, Patrick Cavanagh, Larissa Clark, Tony Clifford, Angela Covic, Josh Forgione, Peter Gittens, Archibald Groenewald, Paul Hebditch, Lara Iob, Guy Jones, Steinar Kvifte, Michiel van der Lof, James Luke, Kerri Madden, Mark Mahar, Fernando Marticorena, John Offenbacher, John O’Grady, Christiana Panayidou, Pierre Phan Van Phi, Christoph Piesbergen, George Prieksaitis, Takeshi Saida, Gerard van Santen, Nicola Sawaki, Rachel Simons, Alison Spivey, Leo van der Tas, Daniel Trotman, Hans van der Veen, Tracey Waring, Arne Weber, Clare Wong and Luci Wright.
Our thanks also go to everyone who directly or indirectly contributed to the book’s creation, including the following members of EY’s IFRS desks: Thato Lengana, Steve Mwereria, Teresia Ng’ang’a, Anna Pickup and Tanay Rai.
We also thank Jeremy Gugenheim for his assistance with the production technology throughout the period of writing.
London, CullumAllen LennartHoogerwaard TinaPatel
October2020 JeremyBarnes JaneHurworth ClairePatra
Anne-CathrineBernhoft TedJones MichaelPratt
MartinBeyersdorff HeatherdeJongh MatthewRichardson
MikeBonham ParbinKhatun TimRogerson
DavidBradbery MariaKingston VadimShelaginov
RobCarrington BerndKremp YutaShimomura
JessicaCayadi DeanLockhart AnnaSirocka
VictorChan SharonMacIntyre KirstySmith
WeiLiChan AnnaMalcolm SharanyaSreedaran
LarissaConnor AmandaMarrion DavidStolker
PieterDekker EmilyMoll MichaelVarila
TimDenton RichardMoore AikateriniVatzaki
AliciaEdelstein AyeshaMoosa JaneWatson
PrahaladHalgeri TomMullins
AndreaHolmes MqondisiNdlovu
Preface
The list of chapters in volume 3 follows overleaf.
Abbreviations
The following abbreviations are used in this book: Professionalandregulatorybodies:
AASB Australian Accounting Standards Board
AcSB Accounting Standards Board of Canada
AICPA American Institute of Certified Public Accountants
AOSSG Asian-Oceanian Standard-Setters Group
APB Accounting Principles Board (of the AICPA, predecessor of the FASB)
ARC Accounting Regulatory Committee of representatives of EU Member States
ASAF Accounting Standards Advisory Forum
ASB Accounting Standards Board in the UK
ASBJ Accounting Standards Board of Japan
ASU Accounting Standards Update
CASC China Accounting Standards Committee
CESR Committee of European Securities Regulators, an independent committee whose members comprised senior representatives from EU securities regulators (replaced by ESMA)
CICA Canadian Institute of Chartered Accountants
EC European Commission
ECB European Central Bank
ECOFIN The Economic and Financial Affairs Council
EDTF Enhanced Disclosure Task Force of the (FSB)
EFRAG European Financial Reporting Advisory Group
EITF Emerging Issues Task Force in the US
EPRA European Public Real Estate Association
ESMA European Securities and Markets Authority (see CESR)
EU European Union
FAF Financial Accounting Foundation
FASB Financial Accounting Standards Board in the US
FCAG Financial Crisis Advisory Group
FEE Federation of European Accountants
Abbreviations
FSB Financial Stability Board (successor to the FSF)
FSF Financial Stability Forum
G4+1 The (now disbanded) group of four plus 1, actually with six members, that comprised an informal ‘think tank’ of staff from the standard setters from Australia, Canada, New Zealand, UK, and USA, plus the IASC
G7 The Group of Seven Finance Ministers (successor to G8)
G8 The Group of Eight Finance Ministers
G20 The Group of Twenty Finance Ministers and Central Bank Governors
GPPC Global Public Policy Committee of the six largest accounting networks
HKICPA Hong Kong Institute of Certified Public Accountants
IASB International Accounting Standards Board, or the Board
IASC International Accounting Standards Committee. The former Board of the IASC was the predecessor of the IASB
IASCF International Accounting Standards Committee Foundation (predecessor of the IFRS Foundation)
ICAEW Institute of Chartered Accountants in England and Wales
ICAI Institute of Chartered Accountants of India
ICAS Institute of Chartered Accountants of Scotland
IFAC International Federation of Accountants
IFASS International Forum of Accounting Standard Setters
IFRIC The IFRS Interpretations Committee (formerly the International Financial Reporting Interpretations Committee) of the IASB
IGC Implementation Guidance Committee on IAS 39 (now disbanded)
IOSCO International Organisation of Securities Commissions
IPSASB International Public Sector Accounting Standards Board
IPTF International Practices Task Force (a task force of the SEC Regulations Committee)
ISDA International Swaps and Derivatives Association
IVSC International Valuation Standards Council
KASB Korea Accounting Standards Board
RICS Royal Institution of Chartered Surveyors
SAC Standards Advisory Council, predecessor of the IFRS Advisory Council which provides advice to the IASB on a wide range of issues
SEC Securities and Exchange Commission (the US securities regulator)
SIC Standing Interpretations Committee of the IASC (replaced by IFRIC)
TEG Technical Expert Group, an advisor to the European Commission
TRG Joint Transition Resource Group for Revenue Recognition
Accountingrelatedterms:
ADS American Depositary Shares
AFS Available-for-sale investment
ARB Accounting Research Bulletins (issued by the AICPA)
ARS Accounting Research Studies (issued by the APB)
ASC Accounting Standards Codification®. The single source of authoritative US GAAP recognised by the FASB, to be applied to non-governmental entities for interim and accounting periods ending after 15 September 2009
ASU Accounting Standards Update
BCUCC Business Combinations Under Common Control
CCIRS Cross Currency Interest Rate Swap
CDO Collateralised Debt Obligation
CLO Collateralized Loan Obligation
CF Conceptual Framework
CGU Cash-generating Unit
CU Currency Unit
DD&A Depreciation, Depletion and Amortisation
DPF Discretionary Participation Feature
E&E Exploration and Evaluation
EBIT Earnings Before Interest and Taxes
EBITDA Earnings Before Interest, Taxes, Depreciation and Amortisation
EIR Effective Interest Rate
EPS Earnings per Share
FAS Financial Accounting Standards (issued by the FASB). Superseded by Accounting Standards Codification ® (ASC)
FC Foreign currency
FICE Financial Instruments with the Characteristics of Equity
FIFO First-In, First-Out basis of valuation
FRS Financial Reporting Standard (issued by the ASB)
FTA First-time Adoption
FVLCD Fair value less costs of disposal
FVLCS Fair value less costs to sell (following the issue of IFRS 13, generally replaced by FVLCD)
FVPL Fair value through profit and loss
FVOCI Fair value through other comprehensive income
GAAP Generally accepted accounting practice (as it applies under IFRS), or generally accepted accounting principles (as it applies to the US)
HTM Held-to-maturity investment
IAS International Accounting Standard (issued by the former board of the IASC)
IBOR Interbank Offered Rate
IBNR Incurred but not reported claims
IFRS International Financial Reporting Standard (issued by the IASB)
IFRS for
SMEs International Financial Reporting Standard for Small and Medium-sized Entities
IGC Q&A Implementation guidance to the original version of IAS 39 (issued by the IGC)
IPO Initial Public Offering
IPR&D In-process Research and Development
IPSAS International Public Sector Accounting Standard
IRR Internal Rate of Return
IRS Interest Rate Swap
JA Joint Arrangement
JCA Jointly Controlled Asset
JCE Jointly Controlled Entity
JCO Jointly Controlled Operation
JO Joint Operation
JV Joint Venture
LAT Liability Adequacy Test
LC Local Currency
LIBOR London Inter Bank Offered Rate
LIFO Last-In, First-Out basis of valuation
NBV Net Book Value
NCI Non-controlling Interest
NPV Net Present Value
NRV Net Realisable Value
OCI Other Comprehensive Income
PP&E Property, Plant and Equipment
R&D Research and Development
SCA Service Concession Arrangement
SE Structured Entity
SFAC Statement of Financial Accounting Concepts (issued by the FASB as part of its conceptual framework project)
SFAS Statement of Financial Accounting Standards (issued by the FASB). Superseded by Accounting Standards Codification® (ASC)
SME Small or medium-sized entity
SPE Special Purpose Entity
SPE-
PRMS Society of Petroleum Engineers – Petroleum Resources Management System
SV Separate Vehicle
TSR Total Shareholder Return
VIU Value In Use
WACC Weighted Average Cost of Capital
ReferencestoIFRSs,IASs,Interpretationsandsupportingdocumentation:
AG Application Guidance
AV Alternative View
BCZ Basis for Conclusions on IASs
BC Basis for Conclusions on IFRSs and IASs
DI Draft Interpretation
DO Dissenting Opinion
DP Discussion Paper
ED Exposure Draft
IE Illustrative Examples on IFRSs and IASs
IG Implementation Guidance
IN Introduction to IFRSs and IASs
PIR Post-implementation Review
Authoritative literature
The content of this book takes into account all accounting standards and other relevant rules issued up to September 2020. Consequently, it covers the IASB’s Conceptual FrameworkforFinancialReportingand authoritative literature listed below.
References in the main text of each chapter to the pronouncements below are generally to the versions of those pronouncements as approved and expected to be included in the Blue Book edition of the Bound Volume 2021 International Financial Reporting Standards – IFRS – Consolidated without early application – Official pronouncements applicable on 1 January 2021, to be published by the IASB.
References to those pronouncements below which have an effective date after 1 January 2021 (such as IFRS 17 – Insurance contracts) are to the versions of those pronouncements that are expected to be included in the Red Book edition of the Bound Volume 2021 International Financial Reporting Standards – IFRS – Official pronouncements issued at 1 January 2021, to be published by the IASB.
US GAAP accounting standards are organised within a comprehensive FASB Accounting Standards Codification©, which is now the single source of authoritative US GAAP recognised by the FASB to be applied to non-governmental entities and has been applied in this publication.
† The standards and interpretations marked with a dagger have been withdrawn or superseded.
I IASB Framework
The Conceptual Framework for Financial Reporting
I International Financial Reporting Standards (2021 Bound Volume)
IFRS 1 First-time Adoption of International Financial Reporting Standards
IFRS 2 Share-based Payment
IFRS 3 Business Combinations
† IFRS 4 Insurance Contracts
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IFRS 6 Exploration for and Evaluation of Mineral Resources
IFRS 7 Financial Instruments: Disclosures
IFRS 8 Operating Segments
IFRS 9 Financial Instruments
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of Interests in Other Entities
IFRS 13 Fair Value Measurement
IFRS 14 Regulatory Deferral Accounts
IFRS 15 Revenue from Contracts with Customers
IFRS 16 Leases
I International Financial Reporting Standards (mandatory after 1 January 2023)
IFRS 17 Insurance Contracts I International Accounting Standards (2021 Bound Volume)
IAS 1 Presentation of Financial Statements
IAS 2 Inventories
IAS 7 Statement of Cash Flows
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10 Events after the Reporting Period
IAS 12 Income Taxes
IAS 16 Property, Plant and Equipment
IAS 19 Employee Benefits
IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
IAS 21 The Effects of Changes in Foreign Exchange Rates
IAS 23 Borrowing Costs
IAS 24 Related Party Disclosures
IAS 26 Accounting and Reporting by Retirement Benefit Plans
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates and Joint Ventures
IAS 29 Financial Reporting in Hyperinflationary Economies
IAS 32 Financial Instruments: Presentation
IAS 33 Earnings per Share
IAS 34 Interim Financial Reporting
IAS 36 Impairment of Assets
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
IAS 38 Intangible Assets
IAS 39 Financial Instruments: Recognition and Measurement
IAS 40 Investment Property
IAS 41 Agriculture
I IFRS Interpretations Committee Interpretations
IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities
IFRIC 2 Members’ Shares in Co-operative Entities and Similar Instruments
IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
IFRIC 6 Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment
IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies
IFRIC 10 Interim Financial Reporting and Impairment
IFRIC 12 Service Concession Arrangements
IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
IFRIC 16 Hedges of a Net Investment in a Foreign Operation
IFRIC 17 Distributions of Non-cash Assets to Owners
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments
IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine
IFRIC 21 Levies
IFRIC 22 Foreign Currency Transactions and Advance Consideration
IFRIC 23 Uncertainty over Income Tax Treatments
S Standing Interpretations Committee Interpretations
SIC-7 Introduction of the Euro
SIC-10 Government Assistance – No Specific Relation to Operating Activities
SIC-25 Income Taxes – Changes in the Tax Status of an Entity or its Shareholders
SIC-29 Service Concession Arrangements: Disclosures
SIC-32 Intangible Assets – Web Site Costs
I IASB Exposure Drafts
ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14)
ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)
ED/2019/5 Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed amendments to IAS 12)
ED/2019/6 Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2)
ED/2019/7 General Presentation and Disclosure
I IASB Discussion Papers
DP/2014/1 Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging
DP/2014/2 Reporting the Financial Effects of Rate Regulation
DP/2017/1 Disclosure Initiative – Principles of Disclosure
DP/2018/1 Financial Instruments with Characteristics of Equity
DP/2020/1 Business Combinations – Disclosures, Goodwill and Impairment
O Other IASB publications
IFRS for SMEs International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs)
Practice Statement 1 Management Commentary
Practice Statement 2 Making Materiality Judgements
