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IFRS Discussion Group – Report on December 17, 2020 Meeting

Start date:

End date:

Location: Toronto

On January 29, 2021, the Accounting Standards Board released a summary of the Group’s discussions as follows:

ITEMS PRESENTED AND DISCUSSED AT THE DECEMBER 17, 2020 MEETING

  • IAS 1: Classification of Debt with Covenant as Current or Non-Current
  • Disclosures of COVID-19 Impacts
  • IFRS 9: Classification of Limited Recourse Capital Notes by the Holder
  • IAS 36: Impairment Test on Right-of-Use Assets

PREVIOUS ITEMS DISCUSSED BY THE GROUP

  • IAS 1: Application of Paragraph 72A to Classify a Term Loan as Current or Non-Current

OTHER MATTERS

  • Goodwill and Impairment
  • Sustainability Reporting
  • Configuration or Customization Costs in a Cloud Computing Arrangement
  • Classification of Debt with Covenants as Current or Non-current
  • Lease Liability in a Sale and Leaseback
  • Post- implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interest in Other Entities
  • Business Combinations under Common Control

PRIVATE SESSION

  • IASB Documents for Comments

Read the meeting summary on the AcSB's Web site.

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