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IFRS Discussion Group – Report on May 31, 2016 Meeting

Start date:

End date:

Location: Toronto

On August 5, 2016, the Accounting Standards Board released a summary of the Group’s discussions.

The following topics were discussed at the meetings:

Items Presented and Discussed at the May 31, 2016 Meeting

  • IFRS 3, IAS 16 and IAS 37: Contingent Consideration in an Asset Purchase
  • IAS 1: Disclosures about an Assessment of Going Concern
  • IFRS 13: Definition of an Active Market
  • IFRS 2: Dividend Equivalent Shares
  • IFRS 2 and IFRS 3: Vested Share Options
  • IAS 19: Inflation Rate

Update on Previous Items Discussed by the Group

  • IAS 32 and 39: Changes to Convertible Debt
  • IAS 21: Determining Functional Currency
  • IAS 10: Subsequent Events Relating to Uncertain Tax Positions
  • IAS 16: Capitalization of Costs

Other Matters

  • IFRS 15: Revenue from Contracts with Customers
  • IFRS 10 and IFRS 11: Accounting for Loss of Control Transactions
  • IFRS 3 and IFRS 11: Remeasurement of Previously Held Interests – Obtaining Control or Joint Control in a Joint Operation that Constitutes a Business
  • IFRS 9 and IAS 28: Measurement of Long-term Interests
  • IAS 36: Recoverable Amount and Carrying Amount of a Cash-generating Unit

Review the Report on the AcSB's Web site. The audio recordings of the Group’s full discussion is also available.

Related Topics

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