Ernst & Young Monthly News September 2009
E-News
(PDF, English, 817 kB)
Ways to move forward from the financial crisis / Proposed lease accounting model — a step too soon? / Requirements for a third
balance sheet in IFRS financial statements / Financial reporting developments / Resources
(PDF, English, 280 kB)
This supplement summarizes and highlights potential implications of the recent proposals issued by the IFRIC and the IASB. The
IFRIC issued Draft Interpretation D25 Extinguishing Financial Liabilities with Equity Instruments which clarifies the treatment of
financial liabilities that are extinguished with equity instruments, while the IASB issued an Exposure Draft Classification of Rights
Issues – Proposed amendment to IAS 32 proposing a limited change to the classification of rights issues denominated in a foreign
currency. Comments on the Draft Interpretation are due by 5 October 2009, while those on the Exposure Draft are due by
7 September 2009.
(PDF, English, 182 kB)
Following their decision to defer publication of the Extractive Activities discussion paper until early 2010, the IASB has
published a working draft of the discussion paper, which presents the project team's findings and recommendations as a result of their
research. This supplement summarizes the main findings and recommendations presented in the working draft for the minerals and oil & gas industries.
(HTML, English)
Avoiding disputes in estate distribution