IFRS Discussion Group – Report on May 30, 2017 Meeting
Start date:
End date:
Location: Toronto
On July 19, 2017, the Accounting Standards Board released a summary of the Group’s discussions.
Items Presented and Discussed at the May 30, 2017 Meeting:
- Cap and Trade Program
- IFRS 15: Purchase Returns
- IFRS 9, IFRS 15 and IAS 16: Seller’s Right to Variable Consideration in an Asset Sale
- IFRS 16 and IAS 34: Variable Lease Payments
- IFRS 16: Easements
- IAS 36: Goodwill Impairment Test
- IFRS 9: Matters for Non-Financial Entities
- IFRS 9: Modifications or Exchanges of Financial Liabilities that do not Result in Derecognition
- IAS 12: Interest and Penalties Related to Income Taxes
Update on Previous items Discussed by the Group:
- IFRS 3 and IAS 39: Transaction Price Allocation
- IAS 21: Source of Exchange Rates
Other Matters:
- Disclosure Initiative – Principles of Disclosure
- Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)
- Post-implementation Review – IFRS 13 Fair Value Measurement
- IFRS 9: Implementation Matters
Read the meeting summary and isten to the audio recordings of the Group’s full discussion on the AcSB's Web site.