29/11/2022 - Summary report - joint webinar on Primary Financial Statements - What are the implications of the recent IASB decisions?
EFRAG has issued a summary report of the joint webinar on a selection of the IASB’s tentative decisions to change the ED General Presentation and Disclosures, held on 15 November with representatives of preparers, users and auditors and the IASB. Panellists expressed their views on the selected IASB’s tentative decisions, including the potential implementation and application concerns. The recordings are available here.
The objective of the joint webinar was to collect input from the community of interested preparers (corporates and financial institutions), users and auditors on whether a selection of the IASB’s tentative decisions to change the proposals in the ED will function as intended and achieve the intended balance of costs and benefits.
The online event was held on 15 November 2022 and the following topics were discussed:
- Subtotals and categories in the statement of profit or loss
- Disclosures of operating expenses by nature
- Management Performance Measures
- Unusual income and expenses
During the discussion, panellists provided their input on the application of the IASB’s selected tentative decisions which is valuable to EFRAG's contributions to the IASB's redeliberations on the project. The audience was able to contribute to the discussion through polling questions and Q&A sessions.
This summary report has been prepared for the convenience of European constituents to summarise the event and will be further considered by the organisations involved in their respective due processes on the proposals.
Read the summary report and access the event recordings.
