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IFRS Discussion Group – Report on May 27, 2020 Meeting

Start date:

End date:

Location: Toronto

On July 2, 2020, the Accounting Standards Board released a summary of the Group’s discussions as follows:

ITEMS PRESENTED AND DISCUSSED AT THE MAY 27, 2020 MEETING

  • IFRS 16: Accounting for COVID-19 Related Rent Concessions
  • Financial Reporting Considerations of COVID-19
  • IAS 1: Application of Paragraph 76B to Classify Convertible Debt as Current or Non-current
  • IFRS 3 and IFRS 16: Accounting for Acquired Leases in a Business Combination
  • IFRS 3 and IFRS 16: Accounting for Acquired Leases in an Asset Acquisition

PREVIOUS ITEMS DISCUSSED BY THE GROUP

  • 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
  • Report on Public Meeting on May 27, 2020 – Non-authoritative material

OTHER MATTERS

  • Reminders on IASB® Documents for Comments
  • General Presentation and Disclosures (Primary Financial Statements)
  • Classification of Liabilities as Current or Non-current – Deferral of Effective Date (Amendment to IAS 1)
  • Goodwill and Impairment

PRIVATE SESSION

  • Documents for comment

 

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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