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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.