EFRAG’s Annual Review 2023 is Now Available

July 26, 2024

EFRAG is pleased to present its key developments for 2023 and in Q1 of 2024 in the Annual Review 2023.

The EFRAG Annual Review includes information on the following :

EFRAG Financial Reporting activities, with a focus on the EFRAG’s work regarding :

EFRAG’s Proactive Research Work
– Better Information on Intangibles: EFRAG’s recommendations and feedback statement on this project address the need for improved reporting on intangible assets.
– Accounting for Variable Consideration: This discussion paper, focused on the purchaser’s perspective, arose due to the diversity in practice.
– Statement of Cash Flows: EFRAG’s proactive project aims to enhance the clarity and usefulness of the cash flow statement.
– Connectivity between Financial Reporting and Sustainability Reporting: EFRAG’s research explores the integration and alignment of financial and sustainability reporting.

Influencing the IASB and Standard-Setting Activities
– Primary Financial Statements: EFRAG’s input on improving the presentation and structure of primary financial statements.
– Post-Implementation Review (PIR) of IFRS 15 (Revenue from Contracts with Customers): EFRAG’s review focuses on the practical application and challenges of IFRS 15.
– Power Purchase Agreements: Addressing the accounting challenges and standardisation needs in power purchase agreements.

To find out more details please visit : https://www.efrag.org/