The International Accounting Standards Board (Board) has proposed improvements to the way information is communicated in the financial statements, with a focus on financial performance. Responding to investor demand, the proposals cover three main topics:
- New subtotals in the statement of profit or loss
- ‘Non-GAAP’ transparency
- Improved disaggregation of information
In this short video, IASB Chair Hans Hoogervorst provides an overview of the proposals.
The video is also available on Youtube.