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Report on IFRS Discussion Group Meeting – December 9, 2014

Start date:

End date:

Location: Toronto

On February 25, 2015, the Accounting Standards Board issued this report, which provides details about the Group’s discussions at this meeting.

Topics discussed included:

Items Presented and Discussed at the December 9, 2014 Meeting

  • Non-authoritative Guidance
  • IAS 1 and IAS 32: Classification of Debt with Embedded Equity-linked Derivatives
  • IAS 36: Allocating Corporate Costs to a Cash-generating Unit
  • IAS 36: Measuring Recoverable Amount and Allocating Impairment Loss
  • IFRS 5 and IAS 36: Impairment Measurement
  • IFRS 3, IFRS 6, IFRS 10 and IAS 16: Acquisition of an Entity Holding a Single Asset
  • IAS 16: Capitalization of Costs
  • IAS 16 and IAS 38: Revenue-based Amortization
  • IAS 16: Depreciation of Spare Parts, Stand-by Equipment and Servicing Equipment
  • IFRS 13 and IAS 39: Fair Value Measurement of Government Loans
  • IFRS 13 and IAS 39: Subsequent Measurement of Fair Value

Update on Previous Items Discussed by the Group

  • IFRS 11: Joint Arrangements

Other Matters

  • Rate-regulated Activities
  • IFRS 15: Revenue from Contracts with Customers
  • IAS 19: Longevity Swaps, Annuity Buy-in and Buy-out and Discount Rate
  • IAS 16: Accounting for Proceeds and Costs of Testing on Property, Plant and Equipment

Review the executive summary on the AcSB's website.

Related Topics

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