The IASB has issued Classification of Liabilities as Current or Non-current—Deferral of Effective Date, amendments to IAS 1 I recapped the underlying subject matter at the time of the exposure draft – basically it relates to classifying a liability as current under IAS 1.69 based on the right at the end of the reporting period…
The IASB has issued Classification of Liabilities as Current or Non-current—Deferral of Effective Date, an exposure draft of a proposed change to IAS 1, with comments requested by June 3, 2020. To recap the underlying subject matter, IAS 1.69 currently sets out four different circumstances in which an entity classifies a liability as current. The…
The IASB has issued Classification of Liabilities as Current or Non-Current, amendments to IAS 1. The amendments are to be applied retrospectively for annual reporting periods beginning on or after January 1, 2022 – earlier application is permitted. The extended application date responds to the possibility that changes in classification as a result of the…
The IASB has issued Classification of Liabilities, an exposure draft of proposed amendments to IAS 1, with comments to be received by June 10, 2015. The proposals are intended to clarify “that classification of liabilities as either current or non-current is based on the rights that are in existence at the end of the reporting…
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