EFRAG issues discussion document on equity instruments
EFRAG has issued a discussion document with the aim to gather opinions on impairment and recycling of equity instruments designated at fair value through other comprehensive income.
EFRAG is on the lookout for constituents’ opinions and views so that to develop its technical advice that is to be submitted to the European Commission (EC). In the initial stages of the project, the EFRAG has been asked by the EC to gather quantitative information regarding existing holdings relating to equity instruments. The initial stages of the project also includes consultation on equity instruments accounting treatment and carry out investigation regarding the impact new accounting treatment would have on decisions with regards to investment in said instruments.
EFRAG reported all of its findings and observations from the first phase to the commission in January of the year 2018. In the next phase, EFRAG has been asked by the commission to provide suggestions to improve accounting requirements of IFRS 9 with regards to equity instruments holdings.
To notify response of EFRAG, the group has issued a discussion document to gather views and opinions of constituents’ on impairment and recycling of equity instruments. Comments are requested to be given in by May 25, 2018.
EFRAG is on the lookout for constituents’ opinions and views so that to develop its technical advice that is to be submitted to the European Commission (EC). In the initial stages of the project, the EFRAG has been asked by the EC to gather quantitative information regarding existing holdings relating to equity instruments. The initial stages of the project also includes consultation on equity instruments accounting treatment and carry out investigation regarding the impact new accounting treatment would have on decisions with regards to investment in said instruments.
EFRAG reported all of its findings and observations from the first phase to the commission in January of the year 2018. In the next phase, EFRAG has been asked by the commission to provide suggestions to improve accounting requirements of IFRS 9 with regards to equity instruments holdings.
To notify response of EFRAG, the group has issued a discussion document to gather views and opinions of constituents’ on impairment and recycling of equity instruments. Comments are requested to be given in by May 25, 2018.
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