IASB proposes amendments to IAS 1 to clarify the classification of liabilities
Posted by mostafa on 10 February, 2015
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The International Accounting Standards Board (IASB) has published an Exposure Draft (ED) of proposed amendments to IAS 1 ‘Presentation of Financial Statements’. The amendments aim at a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangements in place at the reporting date. Comments are requested by 10 June 2015.