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IFRS Interpretations Committee — Items not added to the agenda 2011

Start date:

End date:

Location: London


Related Discussions

  • IAS 8 — Application of the IAS 8 hierarchy

    Mar 10, 2011

    The Interpretations Committee received a question as to whether it could be appropriate to consider only certain aspects of an IFRS being analogised to when applying IAS 8, or whether all aspects of the IFRS being analogised to would be required to be applied.

  • IAS 37 — Inclusion of own credit risk in discount rate

    Mar 10, 2011

    The Interpretations Committee received a request for interpretation of the phrase ‘the risks specific to the liability’ and whether this means that an entity’s own credit risk (performance risk) should be excluded from any adjustments made to the discount rate used to measure liabilities.

  • IAS 16 — Cost of testing

    Jul 06, 2011

    The Interpretations Committee received a request to clarify the accounting for sales proceeds from testing an asset before it is ready for commercial production. The submitted fact pattern is that of an industrial group with several autonomous plants being available for use at different times. This group is subject to regulation that requires it to identify a ‘commercial production date’ for the whole industrial complex. The question asked of the Committee is whether the proceeds from those plants already in operation can be offset against the costs of testing those plants that are not yet available for use.

  • IAS 19 — Defined contribution plans with vesting conditions

    Jul 06, 2011

    The Interpretations Committee received a request seeking clarification on the effect that vesting conditions have on the accounting for defined contribution plans. The Committee was asked whether contributions to such plans should be recognised as an expense in the period for which they are paid or over the vesting period.

  • IAS 27 — Group organisations in separate financial statements

    Sep 07, 2011

    The Interpretations Committee received a request asking for clarification of whether paragraphs 38B and 38C of IAS 27 (amended 2008) or paragraphs 13 and 14 of IAS 27 (revised 2011) apply either directly or by analogy to reorganisations of groups that result in the new intermediate parent having more than one direct subsidiary.

  • IFRS 3 — Business combinations involving newly formed entities: business combinations under common control

    Sep 08, 2011

    The Interpretations Committee received a request for guidance on accounting for common control transactions. More specifically, the submission describes a fact pattern that illustrates a type of common control transaction in which the parent company (Entity A), which is wholly owned by Shareholder A, transfers a business (Business A) to a new entity (referred to as ‘Newco’) also wholly owned by Shareholder A.

  • IFRS 3 — Acquirer in a reverse acquisition

    Sep 08, 2011

    The Interpretations Committee received a request for guidance asking whether a business that is not a legal entity could be considered to be the acquirer in a reverse acquisition under IFRS 3.

  • IAS 12 — Rebuttable presumption to determine the manner of recovery

    Nov 03, 2011

    Paragraph 51C of IAS 12 contains a rebuttable presumption, for the purposes of recognising deferred tax, that the carrying amount of an investment property measured at fair value will be recovered through sale. The Committee received a request to clarify whether that presumption can be rebutted in cases other than the case described in paragraph 51C.