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.
If you would like to provide any comments, please contact Aletta Boshoff, Partner and National Leader, IFRS & Corporate Reporting and National Leader, ESG & Sustainability.

Document

Proposals

Comments due to AASB by

Comments due to IASB by

ED 327 Financial Statements with Characteristics of Equity

Proposes amendments to address challenges in accounting for financial instruments with characteristics of equity, and to improve the information provided about financial liabilities and equity instruments. Proposes amendments to AASB 132 Financial Instruments: Presentation, AASB 7 Financial Instruments: Disclosures and AASB 101 Presentation of Financial Statements to:

Clarify the underlying classification principles of AASB 132 to help entities distinguish between financial liabilities and equity
Provide additional disclosures explaining complexities around instruments that have both financial liability and equity characteristics
Include presentation requirements for amounts – including profit and total comprehensive income – attributable to ordinary shareholders separately from amounts attributable to other holders of equity instruments.

9 February 2024

29 March 2024