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Derecognition - Disclosures

Derecognition - Disclosures

Project milestones



This project was completed in October 2010 when the IASB issued amendments to IFRS 7 Financial Instruments: Disclosures  as part of its comprehensive review of off balance sheet activities. 

The project encompassed the requirements in IAS 39 Financial Instruments: Recognition and Measurement (IAS 39) for when a financial asset or financial liability must be removed from an entity’s statement of financial position and the related derecognition disclosure requirements in IFRS 7 Financial Instruments: Disclosures.

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Project news

7 October 2010 The IASB issued amendments to IFRS 7 Financial Instruments: Disclosures as part of its comprehensive review of off balance sheet activities,  click here for more information

8 September 2010 This project will be discussed by the boards at their September 2010 meeting. For more information and observer notes as they become available, please click here

24 June 2010  The boards have recently revised their strategy and work planfor projects included in the MoU. The IASB plans to finalise improved disclosure requirements for derecognition in Q3 2010.

Click here  to see all previous project news on this project.


Last IASB meeting update

20 July 2010  The Board reconfirmed the tentative decisions made at the March 2010 IASB meeting regarding the responses received on the disclosure requirements proposed in the exposure draft - Derecognition. The Board tentatively decided to finalise those disclosure requirements as an amendment to IFRS 7, with an effective date of 1 January 2011.   

Read the full update from this meeting and access all previous IASB updates on this project.

Click here to listen to the IASB meeting audio playback.


Next discussion by the IASB

Discussions of this project have finished. This project is now complete.


Page last updated: 6 July 2011

Project contacts

Kumar Dasgupta
Technical Director