The International Accounting Standards Board (IASB) is redeliberating proposals in the Exposure Draft General Presentation and Disclosures. The Exposure Draft, published in December 2019, proposes to improve how information is communicated in the financial statements, with a focus on information in the statement of profit or loss. The IASB discussed feedback on the Exposure Draft in December 2020 and January 2021.
The IASB met on 26 April 2022 to discuss a proposal in its Exposure Draft General Presentation and Disclosures. The proposal discussed would be to require an entity to disclose an analysis of its operating expenses by nature in the notes when the entity reports its operating expenses by function in the statement of profit or loss.
The IASB was not asked to make any decisions. It discussed: