IFRS® Standards

Exposure Draft, Classification of Liabilities (Proposed amendments to IAS 1)


The Accounting Standards Board (AcSB) proposes, subject to comments received following exposure, to incorporate into Part I of the CPA Canada Handbook – Accounting amendments to IAS 1 Presentation of Financial Statements.

Staff Contact(s)

Rebecca Villmann, CPA, CA, CPA (Illinois)

Director, Reporting Initiatives and Research


The International Accounting Standards Board (IASB) recently issued an Exposure Draft, “Classification of Liabilities (Proposed amendments to IAS 1),” that is available on the IASB website at www.ifrs.org. The proposed amendments are designed to clarify how entities classify debt, particularly when it is coming up for renewal.

The IASB’s Exposure Draft includes a Basis for Conclusions, which is not part of this Exposure Draft. The Basis for Conclusions may provide useful information to stakeholders.