UKEB Work Plan 18th November 2021

File information

Publication date
19 November 2021
Format
PDF, 197.9 KB
Download original PDF

18 November 2021

UKEB Workplan—Adoption Projects

Major

Project Issued Last milestone achieved Status / Effective Date Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022
IFRS 17 Insurance Contracts Amendments to IFRS 17 05/2017
25/06/2020		 01/01/2023 Public consultation Public consultation Public consultation Comment period ends Board:
Approve ECA & FBS

Narrow-scope amendments

Project Issued Last milestone achieved Status / Effective Date Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022
Annual Improvements to IFRS 2018–2020 14/05/20 01/01/2022 Board:
Approve ECA & Adoption package
Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) 14/05/20 01/01/2022 Board:
Approve ECA & Adoption package
Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) 14/05/20 01/01/2022 Board:
Approve ECA & Adoption package
Reference to the Conceptual Framework (Amendments to IFRS 3) 14/05/20 01/01/2022 Board:
Approve ECA & Adoption package
Classification of Liabilities as Current or Non-Current (Amendments to IAS 1) 23/01/20 TBC
Deferral of Effective Date Amendment 15/07/20 Board:
Approve PIP		 Board:
Approve DECA
Accounting Policies and Accounting Estimates (Amendments to IAS 8) 12/02/21 01/01/2023 Board:
Approve PIP		 Board:
Approve DECA
Disclosure Initiative—Accounting Policies (Amendments to IAS 1) 12/02/21 01/01/2023 Board:
Approve PIP		 Board:
Approve DECA
Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction (Amendments to IAS 12) 07/05/21 01/01/2023 Board:
Approve PIP		 Board:
Approve DECA

UKEB Workplan—Influencing Projects

Major

Project Issued Last milestone achieved Status / Effective Date Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022
ED Disclosure Requirements in IFRS Standards—A Pilot Approach (IFRS 13 & IAS 19) 25/03/2021 Comment period ends
12/01/2022
(extended)		 Board:
Approve FCL & FBS		 Submit FCL
to IASB & publish
ED Disclosure Initiative—Subsidiaries without public accountability 26/07/2021 Comment period ends
31/01/2022		 Board:
Approve DCL		 Board:
Approve FCL & FBS
RfI Post-implementation Review of IFRS 9—Classification and Measurement 30/09/2021 Comment period ends
28/01/2022		 Board:
Approve PIP		 Board:
Approve DCL		 Board:
Approve FCL
Dynamic Risk Management Decide project
direction H1 2022

Narrow-scope amendments

Project Issued Last milestone achieved Status / Effective Date Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022
ED Classification of Debt with Covenants as Current or Non-current (Amendments to IAS 1) Expected
November
2021		 Board:
Approve PIP & DCL		 Board:
Approve FCL & FBS		 Submit FCL
to IASB & publish
ED Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) Expected
November
2021		 Board:
Approve PIP		 Board:
Approve DCL		 Board:
Approve FCL & FBS

UKEB Workplan—Research for Influencing Projects

Project Issued Last milestone achieved Status / Effective Date Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022
Research on subsequent measurement of goodwill to support IASB redeliberations on DP Business Combinations, Disclosures, Goodwill and Impairment Request received
from IASB
September 2021		 Board:
PIP
approved
October
2021		 Board:
Update session		 Board:
Approve analysis
and feedback
statement

UKEB Workplan—Thought Leadership Projects

Major Projects

Project Started Current Activity Target Completion Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022
UKEB Discussion Paper: Intangible Assets 27/10/2021 Planning H2 2022 Board:
Approve Research PIP

UKEB Workplan—Monitoring Influencing Projects

Project Comments from IASB work plan 10 November 2021 Last milestone achieved
RfI IASB Third Agenda Consultation issued on 30 March 2021 RfI feedback Nov 2021 Submitted comment letter 23 September 2021
ED Initial Application of IFRS 17 and IFRS 9—Comparative Information (Amendments to IFRS 17) Final Amendments Dec 2021 Submitted comment letter 23 September 2021
ED Lack of Exchangeability (Amendments to IAS 21) ED feedback Jan 2022 Submitted comment letter 31 August 2021
DP Business Combinations under Common Control issued on 30/11/2020
Comment period ended 01/09/2021		 DP feedback Dec 2021 Submitted comment letter 26 August 2021
ED Rate-regulated Activities ED feedback Nov 2021 Submitted comment letter 30 July 2021
Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards Project Completed Nov 2021 Submitted comment letter 29 July 2021
RfI Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 issued on 9 December 2020
Comment period ended 10 May 2021		 RfI feedback statement H1 2022 Submitted comment letter 21 May 2021
ED Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16) issued on 27 November 2020
Comment period ended 29 March 2021		 Decide project direction Dec 2021 Submitted comment letter 26 March 2021
DP Business Combinations: Disclosures, Goodwill and Impairment issued on 19 March 2020
Comment period ended 31 December 2020		 Decide project direction Submitted comment letter 29 January 2021
ED General Presentation and Disclosures issued on 17 December 2019
Comment period ended 30 September 2020		 IFRS Standard expected Submitted comment letter 30 September 2020

Glossary

DECA: Draft Endorsement Criteria Analysis DCL: Draft Comment Letter DP: Discussion Paper ECA: Endorsement Criteria Analysis ED: Exposure Draft FBS: Feedback Statement FCL: Final Comment Letter IASB: International Accounting Standards Board PIP: Project Initiation Plan RfI: Request for Information