This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.