Financial Instruments with characteristics of equity (Paused)
About the project
The IASB paused this project in 2010 due to capacity limitations. If and how the IASB will proceed with the project will depend on the outcome of IASB's ongoing deliberations about its future work plan (visit the Agenda consultation project page for more information).
IAS 32 Financial Instruments: Presentation provides the relevant guidance for distinguishing between asset and liability instruments (non-equity instruments) and equity instruments. The IASB is reviewing this guidance to address some practice issues, including eliminating current rules-based approaches, and to achieve convergence with US GAAP. This is one of three long-term projects on the IASB’s agenda to address issues related to financial instruments.
16 November 2010 At the November meeting, the IASB received an update from the IFRS Interpretations Committee on concerns that have been raised on the accounting for put options written over non-controlling interests (NCI Puts). The IASB expressed support for the Interpretations Committee to explore possible short-term solutions to this specific financial reporting issue. Click here for information about the IFRS Interpretations Committee's work on this issue.
26 October 2010 At the October 2010 meeting, the boards acknowledged that they do not have the capacity currently to devote the time necessary to deliberate the project issues. Consequently, the boards decided to not issue an exposure draft in the near term as originally planned. The boards will return to this project when they have the requisite capacity. This is expected to be after June 2011.
14 October 2010 This project will be discussed by the boards at their October 2010 meeting. For more information and observer notes as they become available, please click here and select a board meeting date
Click here to see all previous project news on this project.
Last IASB meeting update
22 October 2010 The IASB and FASB discussed how to proceed with the project. The boards acknowledged that they do not have the capacity currently to devote the time necessary to deliberate the project issues. Consequently, the boards tentatively decided to not issue an exposure draft in the near term as originally planned.
Read the full meeting update and all previous updates and observer notes for this project.
Click here to listen to the IASB meeting audio playback.
Next discussion by the IASB
The boards will resume discussion when they have the requisite capacity.
Page last updated: 2 February 2011