You will find here our IFRS newsletter in English ("Beyond the GAAP").
Index from September 2008 to January 2011
For the first time this year we are back again with Beyond the GAAP presenting the latest information on the application status of standard modifications and interpretations (IFRIC).
The IASB issued the long-awaited exposure draft on leases.
There’s no danger of boredom this summer!
At the beginning of June, the IASB and FASB issued statements regarding their revised schedule for the short-term convergence project.
Just a few days apart in May, the IASB and FASB published their jointly developed proposals on presentation of items contained in Other Comprehensive Income (OCI). However, these proposals could be seen as something of a smokescreen…
The cloud of volcanic ash from Iceland has even affected the IASB's work! In April, the Board's meeting - which was largely a joint meeting with the FASB - had to be shortened because of the disruptions to air traffic in Europe. A delay that the two standard setters could certainly have done without.
With a view to explaining its proposals more effectively and, if possible, convincing the stakeholders of their validity, the IASB multiplied its webcasts in March: replacement of IAS 37, presentation of items in OCI, classification and measurement of financial liabilities, amortised cost and impairment of financial instruments, lease accounting...!
Taking advantage of the relative calm coming from the IASB, this month we offer a progress report on the Leases project ahead of the publication of an exposure draft on this subject. We also present the second part of our analysis of the IASB project on the impairment of financial assets.