The IASB discussed four of the eleven proposed Improvements to IFRSs from the Exposure Draft published in May 2012. On the basis of the comments that the IASB received from respondents and the recommendations of the IFRS Interpretations Committee, the IASB tentatively decided to finalise the following four proposed amendments:
- IFRS 2 Share-based Payment—Definition of ‘vesting conditions’;
- IFRS 8 Operating Segments—Aggregation of operating segments;
- IFRS 8 Operating Segments—Reconciliation of the total of the reportable segments’ assets to the entity’s assets; and
- IFRS 13 Fair Value Measurement—Short-term receivables and payables.
All IASB members agreed subject to some minor wording amendments.