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IFRS Discussion Group – Report on December 12, 2019 Meeting

Start date:

End date:

Location: Toronto

On January 28, 2020, the Accounting Standards Board released a summary of the Group’s discussions.

ITEMS PRESENTED AND DISCUSSED AT THE DECEMBER 12, 2019 MEETING

  • IFRS 16 and IAS 16: Lease Term and Useful Life of Leasehold Improvements
  • IFRS 16: Application of Definition of Lease to a Surface Right
  • IFRS 15, IFRS 16, IAS 2, and IAS 41: Impacts of IFRS 16 on Inventory Costing, Revenue Recognition, and Biological Assets
  • IAS 19 and IAS 34: Pension Remeasurement for Significant Market Fluctuations during an Interim Period
  • IFRS 3 and IAS 12: Deferred Taxes on Goodwill in a Business Combination
  • IAS 36: Climate Change and Asset Impairment
  • IAS 32: Classification of Limited Partnership Units
  • IAS 19: Long-term Bonus Plans Contingent on Future Events or Performance
  • International Accounting Standards Board’s 2020 Agenda Consultation

PREVIOUS ITEMS DISCUSSED BY THE GROUP

  • IFRS 16: Right to Control Assessment
  • IFRS 3, IAS 12, IFRIC 23: Uncertain Tax Position Acquired in a Business Combination
  • IFRS 16: Sales-leaseback Transaction with Variable Payments
  • IFRS 16 and IAS 37: Variable Lease Payments and Onerous Lease Provisions

OTHER MATTERS

  • Reminders on IASB® Documents for Comments
  • Classification of Liabilities as Current or Non-current (Amendments to IAS 1)
    Goodwill and Impairment

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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