IAS 1 - Deferral of Effective Date - Classification of Liabilities
- Exposure draft consultation
- Almudena Alcala, Joachim Jacobs
- clarify that the classification of a liability as either current or non-current is based on the entity’s rights at the end of the reporting period; and
- make clear the link between the settlement of the liability and the outflow of resources from the entity.
08/05/2020 - EFRAG's Draft Comment Letter on the IASB's ED/2020/3 Classification of Liabilities - Deferral of Effective Date - Proposed amendments to IAS 1
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft Classification of Liabilities - Deferral of Effective Date - Proposed amendments to IAS 1 and seeks constituents' views on the proposals. Comments on the Draft Comment Letter are requested by 25 May 2020.