Contributions from Ernst & Young LLP

Board Matters Quarterly is an EY publication that aims to provide you with important information on corporate and financial reporting matters in Singapore.

Issue 3 (September 2019)

Issue 2 (June 2019)

Issue 1 (February 2019)

Issue 4 (November 2018)

Issue 3 (September 2018)

Issue 2 (June 2018)

Issue 1 (March 2018)

Issue 3 (November 2017)

Issue 2 (August 2017)

Issue 1 (May 2017)

Issue 30 (December 2016)

Issue 29 (September 2016)

Issue 28 (June 2016)

Issue 27 (March 2016)

Issue 26 (December 2015)

Issue 25 (September 2015)

Issue 24 (June 2015)

Issue 23 (March 2015)

IFRS Developments announces significant decisions on topics that have a broad audience, application or appeal. These summarise, generally in four pages, IASB and IFRS Interpretations Committee discussion papers, exposure drafts, final standards or interpretations to provide a high-level overview of the requirements.

2024

Issue 223 IASB issues IFRS 18 Presentation and Disclosure in Financial Statements

Issue 222 IASB proposes amendments to IFRS 3 and IAS 36

2023

Issue 221 Hyperinflationary economies (updated October 2023)

Issue 220 Amendments to IAS 21: Lack of Exchangeability

Issue 219 IASB issues Request for Information for the PIR of IFRS 15

Issue 218 Amendments to IAS 12 - International Tax Reform - Pillar Two Model Rules

Issue 217 Supplier finance arrangements - new disclosure requirements

Issue 216 IFRS Interpretations Committee's (IC) Agenda Decision: Definition of a Lease - Substitution Rights

Issue 215 hyperinflationary economies (updated April 2023)

Issue 214 Accounting for Pillar Two income taxes before IAS 12 is amended

Issue 213 IASB proposes amendments to classification and measurement in IFRS 9

Issue 212 New guidance from the IASB for developing disclosure requirements

Issue 211 International Tax Reform—Pillar Two Model Rules: Proposed amendments to IAS 12

2022

Issue 210 IASB project on International Tax Reform - Pillar Two Model Rules

Issue 209 IASB amends the requirements for classification of non-current liabilities with covenants

Issue 208 IASB considers IFRS IC Agenda Decision: cash received via electronic transfer

Issue 207 Hyperinflationary economies (updated October 2022)

Issue 206 IFRS 16 amended for lease liability measurement in a sale and leaseback transaction

Issue 205 IASB proposes to update the IFRS for SMEs Accounting Standard

Issue 204 Third Agenda Consultation - IASB issues feedback statement

Issue 203 OECD BEPS Pillar Two – Global Anti-Base Erosion (GloBE) Rules: accounting issues

Issue 202 IASB’s post-implementation review of IFRS 10, IFRS 11 and IFRS 12

Issue 201 Hyperinflationary economies (updated April 2022)

2021

Issue 200 Supplier finance arrangements – IASB proposes additional disclosure requirements

Issue 199 Accounting for trees held to generate carbon offsets for use or sale

Issue 198 Classification of non-current liabilities with covenants - proposed amendments

Issue 197 Hyperinflationary economies (updated November 2021)

Issue 196 IFRS Foundation establishes the International Sustainability Standards Board

Issue 195 IFRS IC tentative agenda decision: cash received via electronic transfer

Issue 194 Subsidiaries without public accountability: disclosures

Issue 193 Agenda decision clarifies costs necessary to sell inventories

Issue 192 IASB proposes a new framework for management commentary

Issue 191 IASB clarifies deferred tax accounting for leases and decommissioning obligations

Issue 190 One step closer to an International Sustainability Standards Board

Issue 189 IASB extends relief for COVID-19 related rent concessions

Issue 188 Disclosure requirements in IFRS Standards – a pilot approach

Issue 187 The Disclosure Initiative – IASB amends the accounting policy requirements

Issue 186 The IASB defines accounting estimates

Issue 185 IASB proposes extension of relief for COVID-19 related rent concessions

Issue 184 IASB issues Exposure Draft on regulatory assets and regulatory liabilities

Issue 183 Going concern - disclosure reminders issued by the IASB

Issue 182 Agenda Decision on reverse factoring

Issue 181 IASB issues Request for Information on IFRS standards on group accounting

2020

Issue 180 IASB issues ED on measuring the lease liability arising in a sale and leaseback transaction

Issue 179 IASB proposes new requirements for business combinations under common control

Issue 178 Income taxes – Impact of Brexit

Issue 177 IASB releases educational material on IFRS Standards and climate risks

Issue 176 IFRS Foundation Trustees publish consultation paper on sustainability reporting

Issue 175 Hyperinflationary economies

Issue 174 IASB completes its IBOR reform programme

Issue 173 Revisions to the IFRS Foundation's Due Process Handbook

Issue 172 IBOR reform - IASB responds to comments on phase 2 exposure draft

Issue 171 Sale and leaseback transactions with variable payments that do not depend on an index or rate

Issue 170 IASB amends IFRS 16 for COVID-19 related rent concessions

Issue 169 Amendments to IFRS 3 - Reference to the Conceptual Framework

Issue 168 IASB issues Exposure Draft on COVID-19 related rent concessions

Issue 167 Supplementary IASB meeting - the impact of the COVID-19 pandemic

Issue 166 IASB proposes amendment to IFRS 16 for COVID-19 related rent concessions

Issue 165 IBOR reform: IASB publishes phase 2 exposure draft

Issue 164 IASB releases educational material on COVID-19 related rent concessions applying IFRS 16 Leases

Issue 163 IASB and regulators highlight IFRS 9 ECL requirements during the coronavirus pandemic

Issue 162 IBOR reform: IASB discusses remaining phase 2 issues

Issue 161 Financing and investing entities: proposed changes to primary financial statements

Issue 160 IBOR reform: phase two (continued)

Issue 159 Amendments to the classification of liabilities as current or non-current

2019

Issue 158 IASB proposes major changes to primary financial statements

Issue 157 Lease term and useful life of leasehold improvements

Issue 156 IBOR reform: IASB discusses phase two hedge accounting issues

Issue 155 Revenue earned before an asset is ready for its intended use

Issue 154 IBOR reform: IASB discusses phase two classification and measurement issues

Issue 153 Presentation of liabilities or assets related to uncertain tax treatments

Issue 152 IBOR reform: publication of the phase 1 amendments and commencement of phase 2

Issue 151 IBOR reform: the finalisation of phase one

Issue 150 Holdings of cryptocurrencies

Issue 149 Sale of output by a joint operator

Issue 148 IBOR reform: the IASB's proposals, part 3

Issue 147 Curing of a credit impaired financial asset (IFRS 9 Financial instruments)

Issue 146 Subsurface rights (IFRS 16 – Leases)

Issue 145 IBOR reform - the IASB’s proposals, part 2

Issue 144 IBOR reform - the IASB’s proposals

Issue 143 Liabilities in relation to a joint operator's interest in a joint operation

Issue 142 Sale of output by a joint operator

Issue 141 Step acquisition of a subsidiary in separate financial statements

2018

Issue 140 Revenue earned before an asset is ready for its intended use

Issue 139 Physical settlement of contracts to buy or sell a non-financial item

Issue 138 IASB issues amendments to the definition of material

Issue 137 IASB issues amendments to the definition of a business in IFRS 3

Issue 136 Hyperinflationary economies (Updated July 2018)

Issue 135 IASB issues discussion paper on financial instruments with characteristics of equity

Issue 134 IASB issues amendments to IAS 19 Employee Benefits

Issue 133 IFRS accounting for US tax reform (Updated 23 January)

2017

Issue 132 US Tax Reform impact on 2017 IFRS reporting

Issue 131 IASB concludes 2015-2017 Annual Improvements Cycle

Issue 130 IASB issues an Amendment to IFRS 9

Issue 129 Disclosure Initiative – updates on the Materiality Project

Issue 128 Revenue earned before an asset is ready for its intended use

Issue 127 IFRIC 23 – Uncertainty over income tax treatments

Issue 126 Are you ready to quantify the effect of adopting IFRS 15?

Issue 125 IASB proposes amendment to IFRS 9 on measuring instruments with negative compensation prepayment features

Issue 124 Disclosure Initiative – Principles of Disclosure

Issue 123 Brexit and the implications for tax accounting

2016

Issue 122 IASB proposes amendments to IFRS 3 and IFRS 11

Issue 121 IASB issues amendments to IFRS 2

Issue 120 IASB debriefs the April 2016 FASB TRG meeting on revenue

Issue 119 IASB issues clarifications to IFRS 15

Issue 118 IASB completes redeliberations on proposed amendments to IFRS 15

Issue 117 IASB issues new leases standard

2015

Issue 116 IASB redeliberates clarifications to IFRS 15

Issue 115 Disclosure Initiative - proposed guidance on materiality

Issue 114 New leases standard - effective date and sweep issues

Issue 113 IASB discusses the definition of completed revenue contracts

Issue 112 ITG discusses IFRS 9 impairment implementation issues

Issue 111 IASB proposes clarifications to IFRS 15

Issue 110 IASB decides to defer the new revenue standard by one year

Issue 109 Next steps for the accounting for dynamic risk management project

Issue 108 Principal versus agent: IASB to propose amendments to IFRS 15

Issue 107 IASB issues an exposure draft proposing a one-year deferral of its new revenue standard

Issue 106 IASB proposes one-year deferral for new revenue standard

Issue 105 The ITG discusses IFRS 9 impairment implementation issues

Issue 104 IASB and FASB decide to make more changes to their new revenue standards

Issue 103 IASB staff to begin drafting the new leases standard

Issue 102 Boards reach different decisions on some of the proposed changes to the new revenue standards

Issue 101 IASB substantially completes redeliberations on leases

Issue 100 Basel Committee proposes guidance on accounting for expected credit losses

Issue 99 Boards decide to require different lessee disclosures

Longer and more detailed than IFRS Developments, Applying IFRS provides analyses of proposals, standards or interpretations and discussion of how to apply them.

Applying IFRS - Accounting for payments from suppliers

Applying IFRS - Financial instruments with characteristics of equity (FICE) project progresses (December 2023)

Applying IFRS - Accounting for climate change (updated August 2023)

Applying IFRS - Post Implementation Review of IFRS 9 – progress to date (March 2023)

Applying IFRS - Accounting for climate change (updated December 2022)

Applying IFRS - Disclosure of accounting policy information

Applying IFRS - Accounting considerations for the war in Ukraine Updated March 2022

Applying IFRS - Accounting for rent concessions (updated June 2022)

Applying IFRS - Accounting considerations for the Ukrainian conflict (March 2022)

Applying IFRS – Accounting for Climate Change (December 2021)

Applying IFRS - IBOR reform (updated December 2021)

Applying IFRS - Accounting for SPACs (updated November 2021)