01/04/2020 - Time for a facelift? A new look for the income statement | Webinars 19 & 26 May 2020 | SAVE THE DATE
EFRAG, with EFFAS, BVFA/ABAF and IFRS Foundation invites you to a joint user outreach event, composed of two webinars on 19 and 26 of May 2020 on the Exposure Draft General Presentation and Disclosures published by the International Accounting Standards Board.
WEBINAR 19 May 2020 – 17:00 - 18.15 (CET)
WEBINAR 26 May 2020 – 17:00 - 18.15 (CET)
SAVE THE DATE FOR OUR JOINT USER OUTREACH EVENT!
In December 2019 the International Accounting Standards Board published the Exposure Draft General Presentation and Disclosures, which includes proposals to improve how information is communicated in financial statements, with a focus on the income statement.
The IASB's proposals would replace IAS 1 Presentation of Financial Statements with a new IFRS Standard that would comprise new requirements on presentation and disclosures in financial statements, as well as requirements brought forward from IAS 1. New requirements would include new subtotals in the income statement, as well as guidance on management performance measures ('non-GAAP') and non-recurring items.
This event will put users at the centre of the discussions on the new structure for primary financial statements as EFRAG and EFFAS present their draft positions on the Exposure Draft.
This panel will discuss the benefits of the proposed new presentation of the income statement, the guidance on management performance measures, and the definition and disclosure of unusual income and expenses, using real-life examples. The panel will also talk about potential further improvements.
There will be two separate webinars on 19 May and 26 May 2020 starting at 17:00 CET.
Each webinar will focus on a specific part of the Exposure Draft, and will include a panel discussion and Q&A.
More details to follow.