Global Standards for the world economy

Monday 25 January 2021

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Short-term receivables and payables

Short-term receivables and payables

 Narrow scope amendments (Annual Improvements)

IFRS 13 Fair Value Measurement: Short-term receivables and payables

The objective of the project is to clarify the IASB’s rationale for removing paragraph B5.4.12 of IFRS 9 Financial Instruments and paragraph AG79 of IAS 39 Financial Instruments: Recognition and Measurement as consequential amendments from IFRS 13 Fair Value Measurement. Those paragraphs in IFRS 9 and IAS 39 contained a guidance related to the measurement of short-term receivables and payables with no stated interest rate at invoice amounts. The IASB proposes to carry out this clarification through an amendment to the Basis for Conclusions of IFRS 13 via the Annual Improvements project.



Issued documents

Stage 1: Completed May 2012
Stage completed: December 2013