Tuesday 25 April 2017
The Board is currently investigating potential improvements:
In the Agenda Consultation Feedback Statement published in December 2012, the Board 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 Board 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 ASAF discussed practical implications of the approach to be included in the forthcoming Financial Instruments with Characteristics of Equity Discussion Paper
The Financial Instruments with Characteristics of Equity research project was discussed at the February 2017 IASB meeting
The Financial Instruments with Characteristics of Equity research project was discussed at the December 2016 IASB meeting
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