Related Discussions

• Review of tentative agenda decisions to finalise

• May 14, 2013

• The Committee review tentative agenda decisions regarding IAS 10, 28, 7, and IFRS 2.

• IFRS 7 — Applicability of the amendments to IFRS 7 on offsetting financial assets and financial liabilities to condensed interim financial statements

• Mar 13, 2013

• The IFRS Interpretations Committee discussed a request for guidance on the applicability of the amendments to IFRS 7 'Disclosure – Offsetting Financial Assets and Financial Liabilities' issued in December 2011 to condensed interim financial statements.

• IAS 19 — Pre versus post-tax discount rate

• Mar 13, 2013

• The IFRS Interpretations Committee considered a request to clarify whether, in accordance with IAS 19 (2011), the discount rate used to calculate a defined benefit liability should be pre- or post-tax.

• IAS 28 — Elimination of intercompany profits between an issuer and its joint venture

• Mar 13, 2013

• The IFRS Interpretations Committee considered a request to clarify the accounting for a transaction between a joint venturer (an entity) and its joint venture in the specific fact pattern in which the amount of gains to eliminate from the transaction exceeds the amount of the entity‘s interest in the joint venture.

• IFRS 3 — Mandatory purchase of non-controlling interests in a business combination obtaining control of listed entity

• Mar 12, 2013

• The IFRS Interpretations Committee considered feedback on previous discussions and tentative decisions on the accounting for mandatory purchases of non-controlling interests (NCI) in business combinations.

• Administrative Session — Work in progress

• Jan 23, 2013

• The staff provided the Committee with an update on the current status of issues that are in progress but not to be discussed during the Committee’s January 2013 meeting.

• IAS 7 — Identification of cash equivalents

• Jan 23, 2013

• The Committee discussed the basis of classification of financial assets as cash equivalents at the date of the acquisition of the investment in accordance with IAS 7.

• IAS 28 and IFRS 3 — Associates and common control

• Jan 23, 2013

• The staff agreed that it was not appropriate to apply the scope exemption for business combinations under common control by analogy to the acquisition of an interest in an associate or joint venture under common control. Many Committee members expressed concerns with the unintended consequences with issuing a tentative agenda decision on the basis of this analysis.

• IFRS 7 — Whether the transfers of financial assets disclosure requirements apply to servicing rights/obligations

• Jan 23, 2013

• The Committee discussed whether servicing rights and obligations are continuing involvement in a transferred financial asset/liability for the purpose of the transfer disclosures.

• IAS 32 — Put options written over non-controlling interests

• Jan 23, 2013

• The Committee discussed comments received on its draft Interpretation on the accounting for put options written by a parent on the shares of its subsidiary that are held by non-controlling interest shareholders.

• IFRS 2 — Timing of recognition of intercompany recharges

• Jan 22, 2013

• The IFRS Interpretations Committee considered a request for clarification relating to the accounting for intragroup recharges made in respect of share-based transactions, tentatively deciding not to add the item to its agenda.

• IAS 16, IAS 38 and IFRIC 12 — Variable payments for the separate acquisition of property, plant and equipment and intangible assets

• Jan 22, 2013

• The Committee tentatively agreed that adjustments to the liability other than finance costs should, in some specific circumstances, be recognised as a corresponding adjustment to the cost of the asset acquired.

• IAS 40 — Accounting for a structure that appears to lack the physical characteristics of a building

• Jan 22, 2013

• The Committee considered whether amendments to the scope of IAS 40 could or should be made.

• IAS 10 — Reissue of financial statements

• Jan 22, 2013

• The Committee received and discussed the draft tentative agenda decision developed by the staff (requested at the November 2012 meeting) regarding whether IAS 10 permits an entity to dual date its financial statements.

• IAS 39 — Negative Interest rates: Implication for presentation in the statement of comprehensive income

• Jan 22, 2013

• The IFRS Interpretations Committee discussed the ramifications of the economic phenomenon of negative interest rates for the presentation of income and expenses in the statement of comprehensive income.

• IAS 28 — Impairment of investments in associates in separate financial statements

• Jan 22, 2013

• The IFRS Interpretation Committee finalised its agenda decision on the issue of whether, in its separate financial statements, an entity should apply the provisions of IAS 36 'Impairment of Assets' or IAS 39 'Financial Instruments: Recognition and Measurement' to test its investments in subsidiaries, joint ventures, and associates carried at cost for impairment.

• IAS 27 — Non-cash acquisition of a non-controlling interest

• Jan 22, 2013

• The IFRS Interpretations Committee discussed the agenda decision wording in relation to a request for guidance on the accounting for the purchase of a non-controlling interest (NCI) by the controlling shareholder when the consideration includes non-cash items.

• IFRS 3 — Continuing employment

• Jan 22, 2013

• The IFRS Interpretations Committee considered its final agenda decision in relation to a request for guidance on the accounting, in accordance with IFRS 3 'Business Combinations', for contingent payments to selling shareholders in circumstances in which those selling shareholders become, or continue as, employees.

• IAS 39 — Determining the effective interest rate of restructured Greek Government Bonds

• Jul 10, 2012

• The Committee discussed whether paragraph AG5 of IAS 39 could apply when determining the effective interest rate on initial recognition of the new Greek Government Bonds that were received as part of the debt restructuring.

• IAS 1/IAS 12 — Presentation of payments of non-income taxes

• Jul 10, 2012

• The Committee discussed the presentation of production-based royalty payments payable to one taxation authority that are claimed as an allowance against taxable profit of another taxation authority.

• IAS 12 — Accounting for market value uplifts on assets that are to be introduced by a new tax regime

• Jul 10, 2012

• The Committee decided not to add accounting for market value uplifts introduced in a proposed jurisdictional tax regime to its agenda.

• IAS 18, IAS 37 and IAS 39 — Regulatory assets and liabilities

• Jul 10, 2012

• The Committee received a request to address issues related to rate-regulated activities in circumstances where the local laws permit a regulated entity to recover costs, or be required to refund some amounts, irrespective of whether services are delivered in future periods, although for administrative convenience recovery and refund will normally take place through future billings.

• IFRS Interpretations Commitee Issue — Definition of the term ‘non-monetary asset’ in SIC-13 and IAS 28 (revised in 2011)

• May 23, 2012

• The Board discussed (1) alternatives preferred by the IFRS Interpretations Committee to resolve the inconsistency between IAS 27 and SIC-13 and (2) next steps on how the Committee should proceed with this project.

• IAS 19 — Accounting for contribution based promises

• May 16, 2012

• The Committee received a request to clarify the accounting for contribution-based promises (i.e. how to measure the present value of the defined benefit obligation related to contribution-based promises) in accordance with IAS 19 'Employee Benefits' (2011). The Committee tentatively decided to take a fresh look at how to account for contribution-based promises using Draft Interpretation D9 as a starting point.

• IAS 41 and IFRS 13 — Valuation of biological assets using a residual method

• May 16, 2012

• The IFRS Interpretations Committee considered a request to clarify the measurement of biological assets using a residual method, in particular where the highest and best use of the land on which biological assets are growing results in an nil residual value.