Thursday 27 October 2016
The Board considered how its proposals in the Exposure Draft Classification of Liabilities (Proposed amendments to IAS 1) should be applied when conditions in the lending agreement are tested or reviewed after the end of the reporting period.
IASB discussed an analysis of the comment letters received on its proposals
IASB publishes proposals to clarify the way in which liabilities are classified
The IASB considered the due process steps taken to date and, having decided that they due process had been adequately complied with, authorised the staff to begin balloting the Exposure Draft: Classification of Liabilities (Proposed Amendments to IAS 1)
The IASB discussed proposed amendments to IAS 1
The IASB discussed a proposal to develop an amendment to IAS 1
The IASB asked the staff to further develop their proposals for the classification of liabilities in accordance with IAS 1
The IASB agreed not to proceed with the proposed amendments to IAS 1 regarding the current/non-current classification of liabilities
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