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Tuesday 30 June 2015

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IASB work plan

 Work plan—as at 27 May 2015

To access the project pages of these active projects, click on the respective project name in the table.

Next major project milestone
Upcoming Standards 2015
Q2
2015
Q3
2015
Q4
2016
Q1
Redeli-
berations
Target IFRS
Upcoming Exposure Drafts 2015
Q2
2015
Q3
2015
Q4
2016
Q1
Published Discussion Papers 2015
Q2
2015
Q3
2015
Q4
2016
Q1
Upcoming Discussion Papers 2015
Q2
2015
Q3
2015
Q4
2016
Q1
The Disclosure Initiative is a portfolio of Implementation and Research projects.
Next major project milestone
Narrow-scope amendments 2015
Q2
2015
Q3
2015
Q4
2016
Q1
Target ED
Target ED
Classification of liabilities
(Proposed amendment to IAS 1)
Redeli-
berations
Amendments to IAS 7
[Comment period ended 17 Apr 2015]
Redeli-
berations
Redeli-
berations
Transfers of investment property
(Proposed amendments to IAS 40)
Target ED
Interpretations 2015
Q2
2015
Q3
2015
Q4
2016
Q1
Next major project milestone
Post-implementation Reviews 2015
Q2
2015
Q3
2015
Q4
2016
Q1
Target Feedback Statement
2015
Q2
2015
Q3
2015
Q4
2016
Q1
Next major project milestone
Development phase The IASB has completed its initial assessment and is developing a Discussion Paper.
This initiative comprises several active projects. See also Major Projects.
IASB discussions are planned for 2015 with the next step likely to be a DP.
Assessment phase These projects are assessing possible practice issues to understand if there is a financial reporting problem and, if so, how to address it.
IASB discussions are planned for 2015 with the next step likely to be a DP in 2016.
IASB discussions are planned for 2015 with the next step likely to be a Research Paper.
IASB discussions are planned for 2015 with the next step likely to be a DP in 2016.
Performance Reporting
IASB discussions are planned for 2015 with the next step likely to be a DP.
IASB discussions are planned for 2015 with the next step likely to be a DP.
IASB discussions are planned for 2015 with the next step likely to be a DP.
Provisions, Contingent Liabilities and Contingent Assets
IASB discussions are planned for 2015. The next steps are pending developments in the Conceptual Framework project.
IASB discussions are planned for 2015 with the next step likely to be a Research Paper.
Exploratory phase These projects are long-term projects exploring broad issues.
The IASB is not currently working on this topic.
Discussions are expected during 2015 with a DP in 2016.
PIR follow-up work These projects have been identified as a consequence of the post-implementation review of IFRS 3 Business Combinations. The next step has yet to be determined.
Business (definition of)
IASB discussions are planned for 2015.
Goodwill
IASB discussions are planned for 2015.
Completed work The IASB has completed its initial assessments on these projects and has no current plans to undertake additional work. It plans to remove these projects from the research programme, subject to feedback in the next agenda consultation.
Foreign currency translation
High Inflation
The IASB is developing its research capabilities—for further information visit the IFRS Research Centre.
Major projects Issued
date
Effective
date
Year that PIR is expected to start*
July 2014
1 January 2018
TBC
January 2014
1 January 2016
TBC
IFRS 15 Revenue from Contracts with Customers
In May 2015 the IASB published an Exposure Draft proposing a one-year deferral of the effective date of IFRS 15 to 1 January 2018. The comment period for this Exposure Draft ends 3 July 2015.
May 2014
1 January 2017
TBC
May 2015
1 January 2017
 
* A Post-implementation Review normally begins after the new requirements have been applied internationally for two years, which is generally about 30-36 months after the effective date.
Narrow scope amendments Issued
date
Effective
date
May 2014
1 January 2016
May 2014
1 January 2016
Agriculture: Bearer Plants
(Amendments to IAS 16 and IAS 41)
June 2014
1 January 2016
August 2014
1 January 2016
September 2014
1 January 2016
Annual Improvements 2012-2014
September 2014
1 January 2016
Investment Entities: Applying the Consolidated Exception
(Amendments to IFRS 10, IFRS 12 and IAS 28)
December 2014
1 January 2016
Disclosure Initiative
(Amendments to IAS 1)
December 2014
1 January 2016

The IASB is committed to carrying out regular public agenda consultations to seek formal input on the strategic direction and overall balance of our work programme. The feedback from our first formal consultation was published in December 2012.

Next major project milestone
2015 2016  
Initiate second three-yearly public consultation




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