IFRIC Update - July 12, 2016

Start date:

End date:

Location: London

Items on the current agenda:

  • IAS 21 The Effects of Changes in Foreign Exchange Rates—Foreign currency transactions and advance consideration
  • IAS 19 Employee Benefits and IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction— Comment letter summary
  • IAS 12 Income Taxes—Uncertainty over Income Tax Treatments: Comment letter summary

Interpretations Committee’s tentative agenda decisions:

  • IAS 12 Income Taxes—Expected manner of recovery of indefinite life intangible assets when measuring deferred tax

Interpretations Committee’s agenda decisions:

  • IFRS 11 Joint Arrangements and IFRS 10 Consolidated Financial Statements—Accounting for loss of control transactions
  • IFRIC 12 Service Concession Arrangements—Payments made by an operator to a grantor in a service concession arrangement

Other matters:

  • Interpretations Committee work in progress update

Review the IFRIC Update on the IASB's Web site.

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