CESR underlines the importance of separating ‘business activities’ from ‘financing activities’ and believes that the definition provided by the IASB is not sufficiently precise.
Among others, CESR underlines the importance of separating ‘business activities’ from ‘financing activities’ and believes that the definition provided by the IASB is not sufficiently precise to allow accurate determination of what assets and liabilities the category is designed to cover.
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© CESR - Committee of European Securities Regulators
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