| This table lists all IASB projects since 2006 and their status as of October 2011 and provides links to the respective project pages. |
Project name
[click on the name to access the project page] |
Status |
Last published due process document |
Mandatory application date* |
| Agenda consultation 2011 |
Ongoing |
August 2011 - Agenda consultation document
|
na |
| Amendments to IFRS 1 |
Completed December 2010 |
The IASB issued two narrow amendments to IFRS 1 - Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters |
1 July 2011 |
|
Completed January 2010 |
The IASB issued amendments that relieve first-time adopters of IFRSs from providing the additional disclosures introduced in March 2009 by Improving Disclosures about Financial Instruments (Amendments to IFRS 7
Click here to read the press release |
1 July 2010 |
|
Completed July 2009 |
The IASB amended the retrospective application of IFRSs for first-time adopters
Click here to read the press release |
|
|
Completed May 2008 |
The IASB issued Cost of an investment in a subsidiary (Amendments to IFRS 1 and IAS 27)
Click here to access the project page |
1 January 2009 |
| Amendments to IFRS 7 financial instruments disclosures |
Completed March 2009 |
The IASB issued Improving Disclosures about Financial Instruments (Amendments to IFRS 7 Financial Instruments: Disclosures) |
1 January 2009 |
| Annual improvements |
na |
Project cycle 2009-2011
Project cycle 2008-2010 |
1 January 2013 |
| Borrowing costs |
Completed March 2007 |
The IASB issued a revised IAS 23 |
January 2009 |
| Business combinations |
Completed January 2008Post Implementation Review scheduled for 2012] |
The IASB issued IFRS 3 Business Combinations and an amended version of IAS 27 Consolidated and Separate Financial Statements |
1 July 2009 |
| Business combinations under common control |
Paused |
As of an agenda decision from September 2007 |
na |
| Conceptual framework [project landing page] |
Ongoing |
|
|
| Phase A - Objectives and qualitative characteristics |
Completed September 2010 |
The IASB and the FASB, the US national standard-setter, complete the first stage of conceptual framework |
na |
| Phase B - Measurement objectives |
|
November 2005 - Discussion paper |
na |
| Phase D – Reporting entity |
|
March 2010 - Exposure draft |
|
| Consolidation [project landing page] |
n/a |
|
na |
| Consolidation and disclosure |
Completed May 2011 |
The IASB issued IFRS 10 Consolidated Financial Statements; IFRS 12 Disclosure of Interest in Other Entities |
1 January 2013 |
| Consolidation: Investment entities |
Ongoing |
August 2011 - Exposure draft Investment Entities |
na |
| Credit risk in liability measurement |
integrated into IAS 39 replacement project |
October 2009 - The IASB integrates the project into its project to replace IAS 39 |
na |
| Derecognition - disclosures |
Completed October 2010 |
The IASB issued Disclosures-Transfers of Financial Assets (Amendments to IFRS 7) |
Annual periods beginning on or after 1 July 2011 |
| Earnings per share |
Paused |
August 2008 - Exposure draft Simplifying Earnings per Share (Proposed amendments to IAS 33) |
na |
| Effective dates |
Paused |
October 2010 - The IASB together with the US-based FASB published a Request for Views to gather views with a comment period that ended on 31 January 2011 |
na |
| Embedded derivative |
Completed March 2009 |
The IASB issued Embedded Derivatives (Amendments to IFRIC 9 and IAS 39) |
Annual periods ending on or after 30 June 2009 |
| Emissions trading schemes |
Research Project |
Agenda decision outstanding |
na |
| Extractive activities |
Paused |
July 2010 - Discussion paper Extractive activities |
na |
| Fair value measurement |
Completed May 2011 |
The IASB issued IFRS 13 Fair Value Measurement |
1 January 2013 |
| Financial Instruments projects [FI] |
| FI - Recognition and measurement |
Completed July 2008 |
The IASB issued Eligible Hedged Items (Amendment to IAS 39 Financial Instruments: Recognition and Measurement) |
31 July 2008. Retrospective application required for annual periods beginning on or after 1 July 2009 |
| FI with characteristics of equity |
Paused |
February 2008 - Discussion paper Financial Instruments with Characteristics of Equity |
na |
| FI - puttable instruments |
Completed February 2008 |
The IASB issued Amendments to IAS 32 Financial Instruments: Presentation and IAS 1 Presentation of Financial Statements — Puttable Financial Instruments and Obligations Arising on Liquidation |
1 January 2009 |
| Replacement of IAS 39[project landing page]: |
|
|
|
| Phase I – Classification and measurement |
Completed November 2009
October 2010 |
The IASB issued IFRS 9 Financial Instruments. The standard covers the classification and measurement of financial assets.
The IASB adds the requirements for classifying and measuring financial liabilities to IFRS 9 |
See project Effective dates |
| Phase II – Amortised cost and impairment of financial assets |
Ongoing |
January 2011 - Supplementary document |
na |
| Phase III – Hedge accounting: |
Ongoing |
|
na |
| General hedge accounting |
|
December 2010 - Exposure draft Hedge Accounting |
|
| Macro hedge accounting |
|
|
|
| FI - Asset and liability offsetting |
Completed December 2011 |
The IASB and FASB agreed on common disclosure requirements related to offsetting and the IASB published Disclosures - Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7)
The IASB also published clarifications to its offsetting requirements entitled Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32) |
Amendments to IFRS 7: 1 January 2013 with retrospective application required
Amendments to IAS 32: 1 January 2014 with retrospective application required |
| Financial statement presentation [project landing page] |
|
|
|
| Phase A |
Completed March 2006 |
The IASB issued a revised IAS 1 Presentation of Financial Statements |
|
| Phase B - Replacement of IAS 1 and IAS 7 |
Paused |
July 2010 - Staff draft
|
na |
| Phase B – Presentation of items of OCI |
Completed June 2011 |
The IASB issued Amendments to IAS 1 Presentation of Financial Statements |
1 July 2012 |
| FSP – Discontinued operations |
Paused |
July 2010 - Staff draft of proposed standard |
na |
| Government grants |
Deferred |
No due process document |
|
| Group cash-settled share-based payment transactions |
Completed June 2009 |
The IASB issued Group Cash-settled Share-based Payment Transactions (Amendments to IFRS 2) |
TBC |
| IFRS for SMEs |
Completed July 2009 |
The IASB published the IFRS for SMEs |
na |
| Reclassification of financial assets - Amendments to IAS 39 and IFRS 7 |
Completed October 2009 |
The IASB permitted the reclassification of financial instruments
Click here to read the press release |
1 July 2008 |
| Income taxes |
Completed December 2010 |
The IASB issued Amendments to IAS 12 |
|
| Insurance contracts |
Ongoing |
July 2010 - Exposure draft Insurance contracts |
na |
| Intangible assets |
Deferred |
|
|
| Investment in debt instruments |
na |
December 2008 - Exposure draft Investments in Debt Instruments (Proposed amendments to IFRS 7) |
|
| Joint ventures |
Completed May 2011 |
The IASB issued IFRS 11 Joint arrangements |
January 2013 |
| Leases |
Ongoing |
August 2010 - Exposure draft Leases |
na |
| Liabilities |
Paused |
April 2010 - IASB staff paper Recognising liabilities arising from lawsuits |
na |
| Management commentary |
Completed December 2010 |
The IASB issued IFRS Practice Statement Management Commentary |
na |
| Post-employment benefits (including Pensions) [PEB] |
Completed June 2011 |
The IASB issued Amendments to IAS 19 Employee Benefits
|
1 January 2013 |
| PEB – Defined benefit plans |
Completed June 2011 |
The IASB issued IAS 19 Employee Benefits, which is effective from 1 January 2013. |
|
| PEB – Termination benefits |
Completed June 2011 |
The IASB included amendments in Amendments to IAS 19 Employee Benefits |
|
| PEB - Prepayments of a minimum funding requirement |
Completed November 2009 |
The IASB issued Amendments to IFRIC 14 |
1 January 2013 |
| PEB - Discount rate for Employee Benefits |
Stopped |
October 2009 - Board decides not to proceed |
na |
| Rate-regulated activities |
Paused |
July 2009 - Exposure draft Rate regulated activities |
na |
| Related party disclosures |
Completed November 2009 |
The IASB issued a revised IAS 24 Related Party Disclosures |
1 January 2011 |
| Revenue recognition |
Ongoing |
June 2010 - Exposure draft Revenue recognition |
na |
| Share-based payment - vesting conditions and cancellations (IFRS 2) |
Completed December 2007 |
The IASB issued Amendments to IFRS 2 Vesting Conditions and Cancellations |
1 January 2009 |
| Segment reporting |
Completed November 2006 |
The IASB issued IFRS 8 Segment reporting
|
|
| Transition Guidance—amendments to IFRS 10 |
Completed December 2001 |
IFRS 10 Consolidated Financial Statements arising from the exposure draft published in December 2011. |
|