IASB Workshop
Wednesday 11 May 9:00-13:00
Presenters: Anne McGeachin IFRS Foundation Accounting Technical Staff, Ana Simpson IFRS Foundation Accounting Technical Staff and Ann Tarca IASB Member
This workshop will give participants an opportunity to hear about recent developments in projects on the IASB’s standard setting and research agendas. We will give an update on the IASB’s current work programme. We will also discuss digital reporting issues, including feedback from the recent Agenda Consultation and how digital reporting is being considered in IASB projects such as Primary Financial Statements. We will discuss research opportunities in relation to the IASB’s standard setting and research agendas. The session will be interactive and should be useful for people engaged in teaching IFRS Standards and those conducting research about the impact of IFRS Standards.
PPT is available here.
IFRS Foundation Breakfast Update: Primary Financial Statements
Thursday, 12 May 7:30-9:00
Presenters: Anne McGeachin IFRS Foundation Accounting Technical Staff, Ana Simpson IFRS Foundation Accounting Technical Staff and Ann Tarca IASB Member
This session will provide an update on the IASB’s Primary Financial Statements project. We will provide an overview of the feedback on the Exposure Draft General Presentation and Disclosures and the IASB’s redeliberations to date, and engage in dialogue with the audience to explore their views of the proposals.
The Primary Financial Statements project is developing targeted improvements to the structure and content of the primary financial statements, with a focus on the statement(s) of financial performance. The project is part of the Board’s plan to promote better communication in financial reporting and responds to demands from users for better and more comparable financial information.
The Board has gathered evidence from academia and practice that suggests the usefulness of financial information could be enhanced by changes to requirements of IFRS Standards relating to the presentation of the financial statements. The project includes the development of proposals on defined subtotals in the statement(s) of financial performance, management performance measures and improved disaggregation.
PPT is available here.