Feb 03, 2014
From the IFRS Institute
The January 2014, Issue 19 of KPMG ISG's IFRS Newsletter: Financial Instruments – The Future of IFRS Financial Instruments Accounting summarizes the January IASB meetings at which the Board discussed:
Classification and Measurement. The IASB discussed the interaction between classification and measurement of financial instruments and accounting for insurance contract liabilities. The IASB tentatively decided about presentation and disclosure; early adoption of IFRS 9, Financial Instruments; and other transition issues.
Impairment. The IASB tentatively decided about presentation and disclosure, and about how the transition requirements in the impairment ED would apply to first-time adoption of IFRS.