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Thursday 26 May 2016

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IASB work plan

 Work plan—as at 20 May 2016

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

Next major milestone
 
Current activity Within
3 months
Within
6 months
After
6 months
Upcoming Standards and other pronouncements
Drafting IFRS
Issue IFRS
Analysis
Issue Conceptual Framework
Published Exposure Drafts
Analysis
Decide Project Direction
Published Discussion Papers
Upcoming Discussion Papers
The Disclosure Initiative is a portfolio of Implementation and Research projects.
Next major milestone
 
Current activity Within
3 months
Within
6 months
After
6 months
Narrow-scope amendments
Analysis
Decide Project Direction
Analysis
Decide Project Direction
Drafting ED
Publish ED
Drafting IFRS
Issue IFRS (Expected June 2016)
Classification of Liabilities
(Proposed amendment to IAS 1)
Analysis
Issue IFRS
Drafting ED
Publish ED (Expected June 2016)
Fair Value Measurement: Unit of Account
The work carried out in this project will be fed into the PIR of IFRS 13.
Drafting ED
Publish ED (Expected June 2016)
Transfers of Investment Property
(Proposed amendments to IAS 40)
Analysis
Issue IFRS

The Board's Research Programme

The objective of the Board's research programme is to assess perceived problems or deficiencies in IFRS requirements. Read more.

The latest general update on projects in the research programme can be viewed here.

The Board has made some tentative decisions about the next steps for some research projects, and the future shape of the Research Programme more generally, based on the feedback received on the 2015 Agenda Consultation. The Board will seek input from the IFRS Advisory Council before finalising those decisions. This page does not reflect the tentative decisions. It will be updated further when decisions are finalised. In the meantime, further information can be found on the 2015 Agenda Consultation project page.

Assessment stage These projects are assessing possible practice issues to understand if there is a financial reporting problem and, if so, how to address it.
The Board has begun reviewing the staff findings from the research and will decide on the next steps following the review.
The Board has begun discussions. This project was started as a result of the post-implementation review of IFRS 3 Business Combinations.
The Board has reviewed the staff findings from the research. The next steps are on hold, awaiting decisions from the Agenda Consultation.
The Board has begun discussions and the next step is likely to be a DP.
The Board has reviewed the staff findings from the research. The next steps are on hold, awaiting decisions from the Agenda Consultation.
Initial research work will focus on the structure and content of the statement(s) of financial performance, including whether there should be a requirement to include a defined sub-total for operating profit and the use of alternative performance measures (ie financial measures that are not defined or specified in Standards). In addition, the Board will undertake research to:

     a. establish whether there is any demand for changes to the statement of cash flows          and the statement of financial position; and

     b. determine the implications of digital reporting for the structure and content of the          primary financial statements.

The Board has reviewed the staff findings from the research. The next steps are on hold, awaiting developments in the Conceptual Framework project.
The Board has completed its assessment and decided not to perform any further research on this topic or to publish a formal consultation document. The staff will consider how best to make the work performed visible and retrievable.
Development stage The Board has completed its assessment work and is developing proposals to respond to the problem(s) identified.
The Board has begun discussions and the next step is likely to be a DP.
The Board expects to publish a DP on the Principles of Disclosure in 2016 (see Major Projects).

The principles identified through this project could be used as the basis for a Standards-level Review.
The Board has begun discussions and the next step is likely to be a second DP (see Major Projects).
The Board has reviewed the staff findings from the research so far. The next step will be to seek feedback on investors’ information needs as part of the Post-implementation Reviews (PIR) of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.
The Board has begun discussions and the next step is likely to be a DP.
Inactive projects
The Board is not currently working on this project.
The Board has completed its assessment work on this project and has no plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the Agenda Consultation.
The Board has completed its assessment work on this project and has no plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the Agenda Consultation.
The Board is developing its research capabilities—for further information visit the IFRS Research Centre.

This list provides an overview of recently issued IFRS and corresponding effective dates

Major projects Issued
date
Effective
date
July 2014
1 January 2018
January 2014
1 January 2016
IFRS 15 Revenue from Contracts with Customers
In September 2015 the Board deferred the effective date of IFRS 15 by one year to 1 January 2018. See the narrow scope amendments section for Clarifications to IFRS 15.
May 2014
1 January 2018
January 2016
1 January 2019
May 2015
1 January 2017
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
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
(Amendments to IFRS 10 and IAS 28)
*(In December 2015 the Board postponed the effective date of this amendment indefinitely pending the outcome of its research project on the equity method of accounting.)
September 2014
—*
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
January 2016
1 January 2017
Disclosure Initiative
(Amendments to IAS 7)
January 2016
1 January 2017
Feedback statement published June 2015 - click here.
Feedback statement published July 2013 - click here.

The Board carries out regular public agenda consultations to seek formal input on the strategic direction and overall balance of our work plan. The feedback from our first formal consultation was published in December 2012.

Next major milestone
 
Current Activity Within
3 months
Within
6 months
After
6 months
Analysis
Publish Feedback Statement