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  • EFRAG publishes summary report for its Conceptual Framework outreach event in Brussels
    Jan 2016 On 23 September 2015 the European Financial Reporting Advisory Group EFRAG will hosted a conference on Conceptual Framework for Financial Reporting will it meet European expectations in Brussels A summary report related to this outreach event has now been provided Specifically participants and a panel consisting of representatives from national standard setters the European Parliament users of financial statements the IASB EFRAG and academics discussed the IASB s proposed Conceptual Framework and the results of an academic study sponsored by EFRAG and the ICAS on professional investors financial information usage The press release on the EFRAG s website offers a summary of the main observations and access to the full report Related Topics Resources IASB exposure drafts European Financial Reporting Advisory Group EFRAG Projects Conceptual Framework Comprehensive IASB project Related news Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 We comment on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 Summary of the December 2015 ASAF meeting now available 22 Jan 2016 IASB updates work plan 22 Jan 2016 EFRAG draft comment letter on proposed amendments to address concerns about the different effective dates of IFRS 9 and the new insurance contracts standard 24 Dec 2015 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 EFRAG endorsement status report 3 February 2016 04 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 All Related Related Discussions Conceptual framework joint with FASB

    Original URL path: http://www.iasplus.com/en/news/2016/01/efrag-outreach-brussels (2016-02-10)
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  • Disclosure initative
    He therefore suggested excluding the balance sheet from the cohesiveness discussion Another Board member said that she agreed with reminding preparers to think about linkage and relationship in financial statements and by that increase their understandability She suggested avoiding the term cohesiveness as past discussions had already defined cohesiveness with different meanings The Technical Principal agreed but said that staff had been unable to find a different term that described the same meaning One Board member commented on the concerns that were raised by constituents about cohesiveness in the FSP staff draft One concern had been that the planned structuring of profit or loss was too prescriptive The Board member said that in his view preparers still had enough discretion in this point Another concern had been that cohesiveness would necessitate a direct cash flow statement He disagreed with that understanding and said that cohesiveness could be achieved with both direct and indirect cash flow statements As long as the operating cash flow was consistent with operating profit the operating cash flow could be derived by adjusting operating profit The issue was that different numbers could be used as a starting point for operating cash flow Also he disagreed with the concern that cohesiveness could lead to a balance sheet that was counterintuitive To him it improved the clarity of the statement of financial position A fellow Board member replied that the issue was that the principles of cohesiveness and disaggregation had been combined in this discussion The former Board member disagreed with that The Technical Principal replied that most constituents felt that the balance sheet provided most relevant information when reported on a liquidity or current vs non current basis The Research Director added that the proposal in the FSP staff draft suggested five sections in the balance sheet which looked very fragmented The Technical Principal said that staff was trying to point out that financial statements could be more understandable if an entity wanted to structure its notes according to the primary financial statements One Board member asked whether this meant that cohesiveness would not be a requirement The Technical Principal replied that staff wanted to ensure that the communication principle covered the idea of consistency across the financial statements Another Board member asked whether this would mean that operating profit should not exclude tax and interest whilst operating cash flow should not include tax and interest The Technical Principal replied that this decision would be in the entity s discretion but should be applied consistently throughout the entire set of financial statements One Board member asked how grouping and ordering would be different from aggregation and disaggregation The Technical Principal replied that aggregation and disaggregation only related to recognised amounts The Chairman asked whether the Board supported the staff recommendation Eleven Board members voted in favour Cash flow statements cash and cash equivalents and the management of liquid resources The U K Financial Reporting Council s Director of Research informed the Board that the agenda paper included

    Original URL path: http://www.iasplus.com/en/meeting-notes/iasb/2014/december/disclosure-initative (2016-02-10)
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  • Disclosure initiative
    to the notes in standards should be to require a reconciliation of this a disclosure about or a roll forward of that or a disaggregation of something else and that effective communication was how they were put together He believed that the effective communication aspect was educational and that it also applied to the whole contents of financial reporting including the management commentary He further noted that including these principles as part of an educational document would be a far better way of achieving an improvement in financial reporting The Senior Director for Technical Activities highlighted that the message here was that the financial report was a communication document not just a compliance document Another IASB member noted that he disagreed with going down the path of including the principles as part of an educational document as CFOs could argue that because it was only educational guidance they were not required to follow it He noted that it was important to include a hook in the standards to make it abundantly clear to preparers that they could not deviate from the principles The Chairman observed that including all principles in the standard would be going too far but suggested that some of them could be summarised and included Another IASB member noted that communication vs compliance was the big dilemma for preparers as for example trying to comply with everything could result in information becoming obscure and good communication may not always result in compliance with all the rules However he noted that he believed the principles should be included in the standard Another IASB member noted that he agreed with the guidance and recommendations but had mixed feelings as to the placement of the guidance He suggested that for the purposes of the Discussion Paper the IASB should recommend inclusion in a standard either IAS 1 or another standard and then ask the question what would happen in situations of non compliance and obtain feedback on that point The Chairman noted that he had previous experience as a regulator and noted that the organisation required insurers and banks to write information to customers in clear and simple language and enforced that An IASB member noted that there was a question around what was considered clear and simple language for example he noted that widely understood trade technical jargon might be a very useful shorthand way of saying something whereas internal acronyms were not He noted that he believed it would be hard to enforce as some of these things were elements of preference and style Another IASB member noted that she believed the principles in paragraph 34 were helpful and should be captured in the IASB s authoritative material She commented on item a vii which stated that entities should make disclosures that do not obscure useful information and suggested that an explicit statement be included that the disclosure of immaterial information can obscure material information and noted that this could be a hook for getting rid of immaterial items With respect to placement of the principles she believed that they were more consistent with the level of discussion in the Conceptual Framework and questioned whether these could potentially be included as a late addition to the Conceptual Framework Exposure Draft Another IASB member pointed out that the Conceptual Framework was not primarily for preparers A further IASB member noted that established disclosure language was very difficult to change in companies and while he agreed that these principles belonged to an extent in the Conceptual Framework thought there was an advantage to including some of the guidance at the standards level Another IASB member noted that she also believed the principles in paragraph 34 should be captured somewhere in the IASB s literature In terms of placement she noted that even though it seemed a good idea for them to be included in a standard for enforceability reasons she pointed out that with some standards for example IFRS 7 which is very objective based she had heard a lot of negative comments in terms of the quality of the application of that standard despite the IASB s best efforts Accordingly she noted that she did not believe that it necessarily followed that merely because something was in a standard it would be applied and enforced in a good way With respect to placement and how the IASB could get a good result she noted that the Enhanced Disclosure Task Force had set up a number of recommendations that did not have formal status and working in partnership with regulators and audit firms and users of financial statements had created a sort of market momentum that resulted in good application even though it was not mandatory She also noted that in the disclosure forum people had told the IASB that they needed to take the lead but were only a part of the picture and that she thought this was a good opportunity to produce a new sort of document where the IASB tried to work with others to get some good behaviour In bringing the discussion to a close the Chairman noted that it was clear from the discussion that the IASB did not agree with including all the principles set out in the agenda paper in a Standard however a number of IASB members had suggested including just a general principle in a Standard He further noted that there was further work to be done outside the formality of standard setting and that a variety of suggestions had been made during the discussion about how this could be carried out The Technical Principal clarified that the principles would be included in the Discussion Paper and a question asked about how they might be best implemented either in a standard or as another type of guidance The Chairman agreed Principles of Disclosure Issues relating to cash flow statements and related disclosures The last session was devoted to a paper that presented a summary of issues relating to cash flow

    Original URL path: http://www.iasplus.com/en/meeting-notes/iasb/2014/october/disclosure-initiative-2 (2016-02-10)
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  • Effective date of the 2016 disclosure initiative amendments to IAS 7
    the 2015 amendments to the IFRS for SMEs Effective date of the 2016 disclosure initiative amendments to IAS 7 Effective date of the 2016 amendments to IAS 12 Info Effective date of the 2016 disclosure initiative amendments to IAS 7 When 01 Jan 2017 from 01 00 AM to 10 00 PM Timezone UTC Add event to calendar vCal iCal Disclosure Initiative Amendments to IAS 7 was issued on 29 January 2016 The amendments are effective for annual periods beginning on or after 1 January 2017 Earlier application is permitted Related Topics Date type Effective dates of pronouncements Resources IASB finalised pronouncements International Accounting Standards Board IASB Projects Disclosure initiative Net debt Standards IAS 7 Statement of Cash Flows Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 All Related Related Dates February 2016 IASB meeting 16 Feb 2016 17 Feb 2016 London Comment deadline on ED 2015 10 17 Feb 2016 Comment deadline

    Original URL path: http://www.iasplus.com/en/events/effective-dates/2017/effective-date-of-the-2016-disclosure-initiative-amendments-to-ias-7 (2016-02-10)
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  • Effective date of the 2015 amendments to the IFRS for SMEs
    navigation Search site Navigation 2017 Effective date of the 2015 amendments to the IFRS for SMEs Effective date of the 2016 disclosure initiative amendments to IAS 7 Effective date of the 2016 amendments to IAS 12 Info Effective date of the 2015 amendments to the IFRS for SMEs When 01 Jan 2017 from 01 00 AM to 10 00 PM Timezone UTC Add event to calendar vCal iCal 2015 Amendments to the IFRS for SMEs was issued on 21 May 2015 Entities reporting using the IFRS for SMEs are required to apply the amendments for annual periods beginning on or after 1 January 2017 Earlier application is permitted Related Topics Date type Effective dates of pronouncements Resources IASB finalised pronouncements Projects IFRS for SMEs Comprehensive review 2012 2014 Standards IFRS for Small and Medium Sized Entities IFRS for SMEs Related news 2016 IFRS Red Book coming in March 09 Feb 2016 IASB finalises amendments to IAS 7 under its disclosure initiative 29 Jan 2016 IFRS Foundation seeks new SMEIG members 28 Jan 2016 IASB finalises amendments regarding the recognition of deferred tax assets for unrealised losses 19 Jan 2016 IASB issues new leasing standard 13 Jan 2016 IASB announces IFRS 16 release date 06 Jan 2016 All Related Related Publications IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 IFRS industry insights Telecommunications sector Implications of the new leasing standard 21 Jan 2016 EFRAG endorsement status report 19 January 2016 20 Jan 2016 All Related Related Dates Effective date of the 2016 disclosure initiative amendments to IAS 7 01 Jan 2017 Effective date of the 2016 amendments to IAS 12 01 Jan 2017

    Original URL path: http://www.iasplus.com/en/events/effective-dates/2017/ifrs-for-smes (2016-02-10)
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  • Effective date of the 2016 amendments to IAS 12
    amendments to the IFRS for SMEs Effective date of the 2016 disclosure initiative amendments to IAS 7 Effective date of the 2016 amendments to IAS 12 Info Effective date of the 2016 amendments to IAS 12 When 01 Jan 2017 from 01 00 AM to 10 00 PM Timezone UTC Add event to calendar vCal iCal Recognition of Deferred Tax Assets for Unrealised Losses was issued on 19 January 2016 The amendments are effective for annual periods beginning on or after 1 January 2017 Earlier application is permitted Related Topics Date type Effective dates of pronouncements Resources IASB finalised pronouncements International Accounting Standards Board IASB Projects IAS 12 Recognition of deferred tax assets for unrealised losses Standards IAS 12 Income Taxes Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 All Related Related Dates February 2016 IASB meeting 16 Feb 2016 17 Feb 2016 London Comment deadline on ED 2015 10 17 Feb 2016

    Original URL path: http://www.iasplus.com/en/events/effective-dates/2017/ias-12 (2016-02-10)
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  • Effective date of IFRS 15
    News Publications Meetings Standards Projects Jurisdictions Resources My IAS Plus Topics Communications Toggle navigation Search site Navigation 2018 Effective date of IFRS 9 Effective date of IFRS 15 Info Effective date of IFRS 15 When 01 Jan 2018 from 01 00 AM to 11 00 PM Add event to calendar vCal iCal IFRS 15 Revenue from Contracts with Customers was issued by the IASB on 28 May 2014 and applies to an entity s first annual IFRS financial statements for a period beginning on or after 1 January 2018 Related Topics Date type Effective dates of pronouncements Resources IASB finalised pronouncements Standards IFRS 15 Revenue from Contracts with Customers Related news 2016 IFRS Red Book coming in March 09 Feb 2016 FASB constituents of the TRG will continue to meet 02 Feb 2016 IASB finalises amendments to IAS 7 under its disclosure initiative 29 Jan 2016 IASB says TRG not scheduled to meet again 22 Jan 2016 IFRS Foundation publishes proposed IFRS Taxonomy update for IFRS 16 Leases 21 Jan 2016 IASB finalises amendments regarding the recognition of deferred tax assets for unrealised losses 19 Jan 2016 All Related Related Publications IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 IFRS industry insights Telecommunications sector Implications of the new leasing standard 21 Jan 2016 EFRAG endorsement status report 19 January 2016 20 Jan 2016 All Related Related Dates Effective date of the 2016 disclosure initiative amendments to IAS 7 01 Jan 2017 Effective date of the 2015 amendments to the IFRS for SMEs 01 Jan 2017 Effective date of the 2016 amendments to IAS 12 01 Jan 2017 Effective date of IFRS 9

    Original URL path: http://www.iasplus.com/en/events/effective-dates/2018/ifrs-15 (2016-02-10)
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  • Niederländische Publikationen
    eine alte Version von Internet Explorer verwenden oder der Kompatilitätsmodus eingeschaltet ist Bitte prüfen Sie ob der Kompatibilitätsmodus ausgeschaltet ist nutzen Sie eine Version ab IE 9 0 oder verwenden Sie einen anderen Browser wie bspw Google Chrome oder Mozilla Firefox IAS Plus IAS plus Global Deutsch Global English Global Deutsch Kanada English Kanada Français Vereinigtes Königreich English Vereinigte Staaten English Anmelden oder registrieren Deloitte Nutzer Anmelden Benutzername Passwort Anmelden Registrieren Passwort vergessen Willkommen Mein Konto Abmelden IAS Plus Global Deutsch Global English Global Deutsch Kanada English Kanada Français Vereinigtes Königreich English Vereinigte Staaten English Toggle navigation Search site Toggle navigation Startseite Nachrichten Publikationen IASB Verlautbarungen Ressourcen Projekte Länder Mein IAS Plus Meine Themen Veröffentlichungen Toggle navigation Search site Info Niederländische Publikationen Rechtliche Hinweise Datenschutz sicherheit Kontakt Impressum FAQs Die Materialien dieser Seite stehen unter dem Copyright von Deloitte Global Services Limited eines seiner Mitgliedsunternehmen oder eines ihnen nahe stehenden Unternehmens Für weitere Copyright und anderweitige rechtliche Informationen verweisen wir auf die Rechtlichen Hinweise Deloitte bezieht sich auf Deloitte Touche Tohmatsu Limited DTTL eine private company limited by guarantee Gesellschaft mit beschränkter Haftung nach britischem Recht und oder ihr Netzwerk von Mitgliedsunternehmen Jedes dieser Mitgliedsunternehmen ist rechtlich selbstständig und unabhängig

    Original URL path: http://www.iasplus.com/de/publications/netherlands?set_language=de (2016-02-10)
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