IFRS Discussion Group – Report on September 13, 2016 Meeting

Start date:

End date:

Location: Toronto

On November 28, 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 September 13, 2016 Meeting

  • IFRS 6: Technical Feasibility and Commercial Viability
  • IFRS 5: Abandonment or Sale of a Mineral Property
  • IFRS 11: Interests of "Other Parties" to a Joint Operation
  • IAS 32: “Fixed-for-fixed” Condition
  • IFRS 3 and IAS 39: Transaction Price Allocation
  • IFRS 15: Guidance from the Transition Resource Group
  • IAS 1: Use of Non-GAAP Financial Measures

Update on Previous Items Discussed by the Group

  • IAS 16: Capitalization of Costs
  • IAS 1: Disclosures about an Assessment of Going Concern

Other Matters

  • IFRS 3 and IFRS 11: Definition of a Business and Accounting for Previously Held Interests
  • IAS 16: Accounting for Proceeds and Costs of Testing on Property, Plant and Equipment
  • IFRS 9 and IAS 28: Measurement of Long-term Interests
  • IAS 12: Expected Manner of Recovery of Indefinite Life Intangible Assets when Measuring Deferred Tax

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

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