https://www.taxtmi.com/article/detailed?id=15496 The amendment rules require classification of liabilities as current unless an entity has an unconditional right to defer settlement for at least 12 months at the reporting date, and mandate detailed disclosure of covenant terms, assessment timing and liquidity risk. They also require explicit disclosure of supplier finance arrangements and their working capital effects, integrate these into financial instrument disclosures, provide a temporary deferred tax exemption for global minimum tax exposure with substantial disclosure expectations, and grant transition relief on lease classification for first-time adopters. en-us Thu, 27 Nov 2025 10:25:23 +0530 Thu, 27 Nov 2025 10:25:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15496 The amendment rules require classification of liabilities as current unless an entity has an unconditional right to defer settlement for at least 12 months at the reporting date, and mandate detailed disclosure of covenant terms, assessment timing and liquidity risk. They also require explicit disclosure of supplier finance arrangements and their working capital effects, integrate these into financial instrument disclosures, provide a temporary deferred tax exemption for global minimum tax exposure with substantial disclosure expectations, and grant transition relief on lease classification for first-time adopters. Articles Accounting - Auditing Thu, 27 Nov 2025 10:25:23 +0530 https://www.taxtmi.com/article/detailed?id=15496