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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.

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