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Current stage

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. 

IASB® Update April 2022

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.

Analysis of operating expenses by nature in the notes (Agenda Paper 21A)

The IASB was not asked to make any decisions. It discussed:

  1. comment-letter feedback suggesting a partial-matrix approach and what a partial-matrix disclosure requirement might comprise;
  2. the costs and benefits associated with such an approach based on feedback from limited outreach with the IASB’s consultative bodies and preparers and users; and
  3. the scope of future papers related to this topic.

Next milestone

IFRS Standard