Friday 09 October 2015
The IASB is currently investigating potential improvements:
In the Agenda Consultation Feedback Statement published in December 2012, the IASB identified the Financial Instruments with Characteristics of Equity project as one of its priority research projects on the basis of the views that it received.
The IASB is also currently developing proposed changes to the definition of a liability in the Conceptual Framework project. However those proposed changes address aspects of the definition of a liability that are not directly related to distinguishing between liabilities and equity, and will not constrain the work in this research project.
The research project will consider various approaches, including some that could require changes to the definitions of a liability or of equity in the Conceptual Framework. Nevertheless, any such changes are unlikely to reverse the clarifications to be suggested in the forthcoming exposure draft on the Conceptual Framework.
The IASB discussed an analysis of the existing requirements in IAS 32 Financial Instruments: Presentation and possible approaches for improvements to those requirements to be developed further as the project progresses
The IASB discussed the relevance of features of claims to various assessments that users might make using information provided in the statement of financial position and statement of financial performance
The IASB discussed what features of claims might be relevant to users. No tentative decisions were made
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