June 2021 IASB Update published

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.