13/06/2019 - What are your views on the accounting for long-term equity instruments? Still on time to respond to our survey
EFRAG kindly reminds its constituents to provide their views on whether alternative accounting treatments to those in IFRS 9 Financial Instruments are needed to portray the performance and risks of equity and equity-type instruments held in long-term investment business models.
Please provide your comments by 5 July.
As part of its Action Plan on Sustainable Finance, the European Commission ("EC") asked EFRAG to explore potential alternative accounting treatments to fair value measurement for long- term investment portfolios of equity and equity-type instruments.
On 6 May 2019, EFRAG launched its public consultation to gather constituents' views on whether alternative accounting treatments to those in IFRS 9 Financial Instruments are needed to portray the performance and risks of equity and equity-type instruments held in long-term investment business models.
EFRAG is now kindly reminding its constituents to provide their views on the matter.
Respondents are encouraged to read the accompanying EFRAG Secretariat background paper available here. It explains how the consultation relates to the EC's initiatives on sustainable growth, illustrates the accounting requirements in IFRS 9 and explores some possible alternative measurement approaches.
Respondents may suggest other measurement approaches that they consider appropriate.
Please provide your comments by 5 July.
To access the questionnaire please click here and to download the questionnaire in pdf please click here.
