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FR International News
Webcast series: Proposals in Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment
13 May 2024
In this webcast series, IASB members and technical staff discuss the proposals in the ED on improving the disclosure requirements about acquisitions and the impairment testing of cash-generating units containing goodwill.
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FR International News
May 2024 International Accounting Standards Board agenda and meeting papers available
10 May 2024
For the International Accounting Standards Board (IASB) meeting to be held on 20 – 22 May 2024, topics discussed include feedback summary on Financial Instruments with Characteristics of Equity, continuation of the analyses of feedback from Post-implementation Reviews of IFRS 15 and IFRS 9 (Impairment) and redeliberation of proposals in the IFRS for SMEs Accounting Standard.
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FR International News
IASB simplifies financial reporting for eligible subsidiary companies with new IFRS Accounting Standard
09 May 2024
IFRS 19 permits eligible subsidiaries to use IFRS Accounting Standards with reduced disclosures. Applying the standard will reduce the costs of preparing subsidiaries’ financial statements while maintaining the usefulness of the information for users of their financial statements. The standard is available for use immediately.
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FR International News
May 2024 Emerging Economies Group agenda and meeting papers available
09 May 2024
For the EEG meeting to be held on 28 - 29 May 2024, topics for discussion include climate-related and other uncertainties in the financial statements, Provisions—Targeted Improvements to IAS 37 and amendments to the Classification and Measurement of Financial Instruments.
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FR International News
IASB to hold live webinars on IFRS 18
01 May 2024
The International Accounting Standards Board technical staff are holding a series of live webinars to help stakeholders gain a better understanding of the new requirements in IFRS 18 Presentation and Disclosure in Financial Statements.
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FR International News
Compilation of Agenda Decisions—Volume 10 published
01 May 2024
The IFRS Foundation has published Compilation of Agenda Decisions - Volume 10 which contains all the agenda decisions issued by the IFRS Interpretations Committee from November 2023 to April 2024.
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FR International News
April 2024 IASB podcast available
30 Apr 2024
The topics discussed include the launch of a comprehensive review into Intangible Assets; developments in the Climate-related and Other Uncertainties in the Financial Statements project; and the finalised Agenda Decision on net-zero commitments.
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FR International News
April 2024 IASB Update available
29 Apr 2024
Topics discussed include Post-implementation Review of IFRS 15, Post-implementation Review of IFRS 9—Impairment, Climate-related Commitments (IAS 37) and Climate-related and Other Uncertainties in the Financial Statements.
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FR International News
IASB launches comprehensive review of accounting for intangibles
23 Apr 2024
The project will assess whether the requirements of IAS 38 Intangible Assets remain relevant and continue to fairly reflect current business models or whether the IASB should improve the requirements. The initial research and planning phase aims to define the scope of issues to be explored in the project and will explore the best approach to plan and organise the work.
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FR International News
IASB concludes project on Business Combinations under Common Control
17 Apr 2024
A business combination under common control (BCUCC) is a type of business combination. In a BCUCC, the combining entities are ultimately controlled by the same party before and after the combination. IFRS 3 Business Combinations does not address the accounting of a BCUCC and this has led to diversity in reporting and disclosure practices. To address this, the IASB researched on whether to develop reporting requirements. After considering the research findings, the IASB decided to discontinue its work on the project as any improvements to financial reporting that might result from developing the reporting requirements are likely to be outweighed by the costs of developing and implementing such changes. The project summary provides further information about this decision.