This IASB Update highlights preliminary decisions of the International Accounting Standards Board (IASB). Projects affected by these decisions can be found on the work plan. The IASB's final decisions on IFRS® Accounting Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the IFRS Foundation's Due Process Handbook.
Contents
Research and standard-setting
Maintenance and consistent application
- Consistent application activities (Agenda Paper 12)
- Guarantees Issued on Obligations of Other Entities (Agenda Paper 12A)
- Recognition of Revenue from Tuition Fees (IFRS 15 Revenue from Contracts with Customers) (Agenda Paper 12B)
- Recognition of Intangible Assets Resulting from Climate-related Expenditure (IAS 38 Intangible Assets) (Agenda Paper 12C)
- Updates to agenda decisions for IFRS 18 (Agenda Paper 12D)
- IFRIC Update March 2025 (Agenda Paper 12E)
- Climate-related and Other Uncertainties in the Financial Statements (Agenda Paper 14)
Research and standard-setting
Business Combinations—Disclosures, Goodwill and Impairment (Agenda Paper 18)
The IASB met on 8 April 2025 to discuss its proposals to require an entity to disclose information about the performance of a business combination for only a subset of business combinations. The IASB also discussed evidence-based feedback on the proportion of business combinations that would be captured as part of that subset using the thresholds proposed in the Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment.
The IASB was not asked to make any decisions.
Next step
The IASB will continue redeliberating the proposals in the Exposure Draft.
Maintenance and consistent application
Consistent application activities (Agenda Paper 12)
The IASB met on 9 March 2025:
- to consider three agenda decisions the IFRS Interpretations Committee (Committee) discussed at its March 2025 meeting (Agenda Papers 12A–12C);
- to consider updating references in 10 agenda decisions to requirements from IAS 1 Presentation of Financial Statements that will be superseded by requirements from IFRS 18 Presentation and Disclosure in Financial Statements (Agenda Paper 12D); and
- to receive other updates on the March 2025 Committee meeting (Agenda Paper 12E).
Guarantees Issued on Obligations of Other Entities (Agenda Paper 12A)
The IASB was asked whether it objected to the Agenda Decision Guarantees Issued on Obligations of Other Entities.
No IASB member objected to the Agenda Decision.
Next step
The Agenda Decision will be published in April 2025 in an addendum to IFRIC Update March 2025.
Recognition of Revenue from Tuition Fees (IFRS 15 Revenue from Contracts with Customers) (Agenda Paper 12B)
The IASB was asked whether it objected to the Agenda Decision Recognition of Revenue from Tuition Fees (IFRS 15 Revenue from Contracts with Customers).
No IASB member objected to the Agenda Decision.
Next step
The Agenda Decision will be published in April 2025 in an addendum to IFRIC Update March 2025.
Recognition of Intangible Assets Resulting from Climate-related Expenditure (IAS 38 Intangible Assets) (Agenda Paper 12C)
The IASB was asked whether it objected to the Agenda Decision Recognition of Intangible Assets Resulting from Climate-related Expenditure (IAS 38 Intangible Assets).
No IASB member objected to the Agenda Decision.
Next step
The Agenda Decision will be published in April 2025 in an addendum to IFRIC Update March 2025.
Updates to agenda decisions for IFRS 18 (Agenda Paper 12D)
The IASB considered 10 other agenda decisions published by the Committee that include explanatory material about, but that do not exclusively focus on, requirements in IAS 1 that will be superseded by new or amended requirements in IFRS 18. In particular, the IASB discussed how to update references to IAS 1 in these agenda decisions.
The IASB decided to ask the Committee:
- to consider how an entity would apply the requirements in IFRS 18 to the fact pattern described in Agenda Decision Supply Chain Financing Arrangements—Reverse Factoring; and
- to consider replacing only the references to IAS 1 in the nine other agenda decisions with references to the new or amended requirements in IFRS 18.
All 14 IASB members agreed with these decisions.
Next step
The Committee will consider the IASB’s requests.
IFRIC Update March 2025 (Agenda Paper 12E)
The IASB received an update on the March 2025 Committee meeting. Details of this meeting were published in IFRIC Update March 2025.
The IASB was not asked to make any decisions.
Climate-related and Other Uncertainties in the Financial Statements (Agenda Paper 14)
The IASB met on 9 April 2025 to discuss:
- a plan for completing the project; and
- possible responses to stakeholders’ main concerns about Examples 1 and 2 proposed in the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements.
The IASB was not asked to make any decisions.
Next step
The IASB will continue to discuss the feedback on the Exposure Draft.
