Beyond the GAAP no. 186 - March 2024
In last month’s issue, we looked at the three main topics covered by the draft amendments to IAS 32, IFRS 7 and IAS 1, as set out in the Financial Instruments with Characteristics of Equity (FICE) exposure draft. In this issue, we present the Board’s proposals on the other seven topics, including contingent settlement provisions, shareholder decisions and reclassification of financial instruments between financial liabilities and equity instruments.
The IASB’s other current priorities include the draft amendments to IFRS 9 on renewable electricity purchase agreements (known as “PPAs” or “Power Purchase Agreements” and “VPPAs” or “Virtual PPAs”). At its March 2024 meeting, the IASB clarified the content of its future amendments for the first time. In this issue, we present the likely contents of the forthcoming exposure draft, which is scheduled for publication in May 2024, with a comment period of 90 days.
