This IASB Update highlights preliminary
decisions of the International Accounting Standards Board (Board). The
Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set forth in the Due Process Handbook of the IFRS Foundation and the IFRS Interpretation Committee.
The Board met on Wednesday 11 until Thursday 12 December 2019 at the IFRS Foundation's offices in London.
The topics, in order of discussion, were:
- Implementation matters
- Onerous Contracts
- Annual Improvements 2018-2020
- Accounting Policies and Accounting Estimates (Amendments to IAS 8)
- Financial Instruments with Characteristics of Equity
- Amendments to IFRS 17 Insurance Contracts
- Updating a Reference to the Conceptual Framework (Amendments to IFRS 3)
- SME Standard review and update
- IBOR Reform and the Effects on Financial Reporting
- Financial Instruments with Characteristics of Equity
- Subsidiaries that are SMEs
- Business Combinations under Common Control
Click here to access IASPlus for an overview which summarises the staff recommendations and Board decisions.
Click here to access the IASB December 2019 Update on the IFRS site.