Comments sought on exposure drafts

Comments sought on exposure drafts

At BDO, we provide comments locally to the Australian Accounting Standards Board (AASB) and internationally to the International Accounting Standards Board (IASB). We welcome any client comments on exposure drafts that are currently available for comment. If you would like to provide any comments please contact Aletta Boshoff at



Comments due to AASB by

Comments due to IASB by

ED 316 Non-current Liabilities with Covenants – Proposed amendments to AASB 101


  • To defer application date for changes to the classification requirements of current and non-current liabilities to annual periods beginning on or after 1 January 2024
  • To clarify that if the right to defer settlement for at least 12 months after reporting date were subject to the entity complying with conditions after the reporting period, then those conditions would not affect whether the right to defer settlement exists at reporting date
  • Additional presentation and disclosures for ‘non-current liabilities subject to conditions in the next 12 months’.

3 February 2022

21 March 2022

ED 317 Supplier Finance Arrangements - Proposed amendments to AASB 107 and AASB 7

Proposes to describe the characteristics of a ‘supplier finance arrangement’ in AASB 107.
Also proposes additional disclosures for AASB 107 Statement of Cash Flows and AASB 7 Financial Instruments: Disclosures.

3 February 2022

28 March 2022

ED 318 Illustrative Examples for Income of Not-for-Profit Entities and Right-of-Use Assets arising under Concessionary Leases


  • Amending illustrative Example 3A.1 in AASB 1058 to clarify the accounting for a cash endowment as a financial liability where the amount is required to be spent on scholarships over a 10-year period, with any surplus funds returned to the alumnus. Also proposes to add Illustrative Example 3A.2 to AASB 1058 to demonstrate a contrasting fact pattern to Example 3A.1
  • Adding Illustrative Example 7A to AASB 15 to clarify when certain upfront non-refundable fees recognised under AASB 15 should be deferred
  • To extend the temporary ‘cost’ exemption for NFP private sector lessees recognising right-of-use assets under concessionary leases on an ongoing basis.

11 March 2022