The European Financial Reporting Group (EFRAG) has issued two ‘Short Discussion Series’ (SDS) papers on (1) equity method and how it can be considered as a measurement basis, a one-line consolidation or a combination of the two and (2) the implication for standard setting of the academic literature review. The EFRAG has initiated the ‘Short Discussion Series’ in order to promote debates that address topical and problematic issues in financial reporting among European and other constituents.