Redeliberations continue on Primary Financial Statements project

At its June 2023 meeting, the IASB continued its redeliberations on the proposals in the General Presentation and Disclosures exposure draft.

Keywords: Mazars, Thailand, IASB, redeliberations, IAS 29, IAS 12 

3 August 2023

Two topics were discussed:  

  • Categories and subtotals in profit or loss: the rules for classifying income and expenses in specific situations; and 
  • IAS 29 – Financial Reporting in Hyperinflationary Economies and IAS 12– Income Taxes: classification in profit or loss.