11. February 2015
The International Accounting Standards Board (IASB) published for public comment the Exposure Draft ED/2015/1 Classification of Liabilities (Proposed amendments to IAS 1), which clarifies how entities classify debt, particularly when it is coming up for renewal.
The proposed amendments are designed to improve presentation in financial statements by clarifying the criteria for the classification of a liability as either current or non-current… further information
This draft can be accessed the project website or on the ‘Comment on a proposal’ page on www.ifrs.org. The IASB requests comments on the proposals by 10 June 2015.