IASB Update February 2024
This IASB Update highlights preliminary decisions of the
International Accounting Standards Board (IASB). Projects affected by these decisions
can be found on the work plan. The IASB's final decisions on IFRS®
Accounting Standards, Amendments and IFRIC® Interpretations are formally balloted as set
out in the IFRS Foundation's Due Process Handbook.
The IASB met on 19–22 February 2024.
Work plan overview
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IASB work plan update (Agenda Paper 8)
Research and standard-setting
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Post-implementation Review of IFRS 15 Revenue from Contracts with Customers (Agenda Paper 6)
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Rate-regulated Activities (Agenda Paper 9)
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Equity Method (Agenda Paper 13)
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Post-implementation Review of IFRS 9—Impairment (Agenda Paper 27)
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Second Comprehensive Review of the IFRS for SMEs Accounting Standard (Agenda Paper 30)
Maintenance and consistent application
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Power Purchase Agreements (Agenda Paper 3)
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Maintenance and consistent application (Agenda Paper 12)
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Annual Improvements to IFRS Accounting Standards—Hedge Accounting by a First-time Adopter (Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards): Analysis of feedback (Agenda Paper 12A)
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Annual Improvements to IFRS Accounting Standards—Gain or Loss on Derecognition (Amendments to IFRS 7 Financial Instruments: Disclosures): Analysis of feedback (Agenda Paper 12B)
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Annual Improvements to IFRS Accounting Standards—Introduction and Credit Risk Disclosures (Amendments to Guidance on implementing IFRS 7): Analysis of feedback (Agenda Paper 12C)
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Annual Improvements to IFRS Accounting Standards—Disclosure of Deferred Difference between Fair Value and Transaction Price (Amendments to Guidance on implementing IFRS 7): Analysis of feedback (Agenda Paper 12D)
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Annual Improvements to IFRS Accounting Standards—Derecognition of Lease Liabilities (Amendments to IFRS 9 Financial Instruments): Analysis of feedback (Agenda Paper 12E)
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Annual Improvements to IFRS Accounting Standards—Transaction Price (Amendments to IFRS 9 Financial Instruments): Analysis of feedback (Agenda Paper 12F)
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Annual Improvements to IFRS Accounting Standards—Determination of a ‘De Facto Agent’ (Amendments to IFRS 10 Consolidated Financial Statements): Analysis of feedback (Agenda Paper 12G)
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Annual Improvements to IFRS Accounting Standards—Cost Method (Amendments to IAS 7 Statement of Cash Flows): Analysis of feedback (Agenda Paper 12H)
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Annual Improvements to IFRS Accounting Standards—Volume 11: Effective date and due process (Agenda Paper 12I)
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Use of a Hyperinflationary Presentation Currency by a Non-hyperinflationary Entity (IAS 21): Disclosure and transition requirements and other matters (Agenda Paper 12J)
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Amendments to the Classification and Measurement of Financial Instruments (Agenda Paper 16)