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Financial Statement Presentation - Preliminary views Discussion Paper


On 16 October 2008, the IASB issued a Discussion Paper Preliminary Views on Financial Statement Presentation (the DP).

The DP addressed primarily the following issues: classification of items into operating, investing and financing categories; implementation of cohesiveness objective across financial statements; the adoption of the direct method for the statement of cash flows; and the introduction of the new reconciliation schedule in the notes.

On 25 May 2009, EFRAG issued its comment letter to the IASB in response to the DP. The comment letter can be accessed below.

The next step in the IASB's due process is the development and publication of an exposure draft. Due to the IASB's commitment to finalise other higher priority projects, the work on this project has been postponed. However, in July 2010 the IASB posted on its website a staff draft of an exposure draft that reflects the IASB and the FASB cumulative tentative decisions on financial statement presentation.
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