DEBT/EQUITY SPLIT SET FOR REVIEW

摘要

At the April meeting of the International Accounting Standards Board (IASB) members focused on the projects planned under its research programme. Notably this includes reviving the Financial Instruments with the Characteristics of Equity (FICE) project with the aim to update IAS 32, Financial Instruments: Presentation. This standard defines equity and determines the cut-off between debt and equity. The IASB is revisiting the definitions of equity and liabilities in a project to update the conceptual framework. At the April standard-setting meeting the board agreed that the framework part would address purely high level definitions and leave the detail to the standards-level FICE project.