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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.

Related Topics

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.