IFRS Discussion Group – Report on June 21, 2018 Meeting

Start date:

End date:

Location: Toronto

On August 2, 2018, the Accounting Standards Board released a summary of the Group’s discussions.

ITEMS PRESENTED AND DISCUSSED AT THE JUNE 21, 2018 MEETING

  • Cryptocurrencies – Mining Activities
  • IFRS 10 and IFRS 15: Sale of Non-financial Assets Involving Royalty Interest
  • IFRS 15 and IAS 23: Capitalization of Financing Costs
  • IFRS 13 and IAS 41: Cannabis Accounting – Recognition and Determining Fair Value
  • IAS 41: Cannabis Accounting – Costs Incurred Related to Biological Transformation
  • IAS 2 and IAS 41: Cannabis Accounting – Presentation
  • IFRS 9: Modifications or Exchanges of Fixed-rate and Floating-rate Financial Instruments
  • IFRS 9: Lifetime Expected Credit Losses for Trade Receivables

UPDATE ON PREVIOUS ITEMS DISCUSSED BY THE GROUP

  • Cryptocurrencies
  • IFRS 16 and IAS 38: Cloud Computing Arrangements
  • IFRS 16: Lease Incentive
  • IFRS 16 and IAS 34: Variable Lease Payments

OTHER MATTERS

  • Effective Dates for New Standards
  • IFRS 17: Insurance Contracts

PRIVATE SESSION

  • Documents for Comments

Read the meeting summary and listen to the audio recordings of the Group’s full discussion on the AcSB's Web site.

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