IFRS Discussion Group – Report on May 20, 2021 Meeting
Start date:
End date:
Location: Toronto
In June 2021, the Accounting Standards Board released a summary of the Group’s discussions as follows:
ITEMS PRESENTED AND DISCUSSED AT THE MAY 20, 2021 MEETING
- IAS 28: Equity Method Accounting on an Investment in Common and Preferred Shares
- IAS 38: Configuration and Customization Costs in a Cloud Computing Arrangement
- IAS 7, IAS 32, and IAS 33: Issuer’s Accounting for Subscription Receipts
- Accounting for Standby Costs and Penalties Incurred under a Force Majeure Clause
PREVIOUS ITEMS DISCUSSED BY THE GROUP
- IAS 1: Application of Paragraph 72A to Classify a Term Loan as Current or Non-Current
OTHER MATTERS
- Regulatory Assets and Regulatory Liabilities
- Business Combinations under Common Control
- Lack of Exchangeability
- Third Agenda Consultation
- Disclosure Requirements in IFRS Standards, a Pilot Approach
PRIVATE SESSION
- IASB Documents for Comment
Read the meeting summary on the AcSB's Web site.
Related Topics
- Business Combinations under Common Control (Potential Amendments to IFRS 3) [DISCONTINUED]
- Disclosure initiative — Targeted Standards-level Review of Disclosures [Completed]
- IASB’s Third Agenda Consultation [Completed]
- Lack of Exchangeability (Possible Amendments to IAS 21) [Completed]
- Reporting the Financial Effects of Rate Regulation [ED]
- IAS 32 — Financial Instruments: Presentation
- IAS 33 — Earnings Per Share
- IAS 38 — Intangible Assets
- IAS 1 — Presentation of Financial Statements
- IAS 7 — Statement of Cash Flows
- IAS 16 — Property, Plant and Equipment
- IAS 23 — Borrowing Costs
- IAS 28 — Investments in Associates and Joint Ventures (2011)
