Financial Reporting

EXPOSURE DRAFT ED 2019/7 — GENERAL PRESENTATION AND DISCLOSURES (PRIMARY FINANCIAL STATEMENTS)

The International Accounting Standards Board (IASB) has proposed improvements to the way information is communicated in the financial statements, with a focus on financial performance.

IASB Update Interviews

Darrel Scott (IASB Board member) and Nicolette Langue

IFRS 2019 SME Implementation Group Draft Q&A Section 35, Issue 1

The SME Implementation Group (SMEIG) has published draft Q&As for comment in response to a question asked...

Interviews with IFRS Foundation Staff

Watch interviews with Henry Reese (Implementation & Adoption at IASB); Michel Prada (Former Chairman of IFRS Foundation); Nili Shah (Executive Technical Director at IASB); and Sue Lloyd (Vice- Chair at IASB).

Onerous Contracts— Cost of Fulfilling a Contract (Proposed amendments to IAS 37)

The International Accounting Standards Board (IASB) has published for public comment proposed amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets to specify which costs a company should include when assessing whether a contract will be loss-making.