• June 2021 IASB Update published

June 2021 IASB Update published

02 July 2021

The IASB met remotely on 22-23 June 2021.

Following topics were covered during the discussion:

  • Board work plan update 
  • Equity Method: Identifying the principles in IAS 28 Investments in Associates and Joint Ventures
  • Goodwill and Impairment
  • Primary Financial Statements 
  • Initial Application of IFRS 17 and IFRS 9—Comparative Information
  • Maintenance and consistent application
    • Supplier Finance Arrangements: Whether to undertake narrow-scope standard-setting
    • Classification of Debt with Covenants as Current or Non-current (IAS 1)
    • Costs Necessary to Sell Inventories (IAS 2): Finalisation of agenda decision 
    • Preparation of Financial Statements when an Entity is No Longer a Going Concern (IAS 10): Finalisation of agenda decision

The meeting update has now been published, which may be accessed here.