Liability classification amendments to IAS 1, issued by the IASB, may in practice result in presentational changes of loans and borrowings
The International Accounting Standards Board (“IASB”) has issued narrow-scope Amendments to IAS 1 Presentation of Financial Statements (“IAS 1”) - Classification of Liabilities as Current or Non-current. The amendments clarify the requirements for classifying liabilities, such as debts, loans and...