17 Jan. 2017
Exposure Draft on improvements to Australian Accounting Standards
ED 276 Annual Improvements to Australian Accounting Standards 2015-2017 Cycle proposes amendments to AASB 112, AASB 123 and AASB 128. The clarifications pertain to:
- income tax consequences of payments on financial instruments classified as equity
- borrowing costs eligible for capitalisation
- long-term interests in an associate or joint venture, where the equity method is not applied.
Comments to the AASB on ED 276 are required by 8 March 2017.