IFRIC Update - June 13, 2017
Start date:
End date:
Location: London
On June 21, 2017, the IFRS Interpretations Committee released a summary of its June 13, 2017 meeting.
The following items were discussed:
Items on the current agenda
- IFRS 9 Financial Instruments—Modification or exchange of financial liabilities that do not result in derecognition
- IAS 23 Borrowing costs—Borrowing costs on completed qualifying assets
Committee’s tentative agenda decisions
- IFRS 3 Business Combinations—Acquisition of a group of assets that does not constitute a business
- IAS 28 Investments in Associates and Joint Ventures—Acquisition of an associate or joint venture from an entity under common control
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets—Costs considered in assessing whether a contract is onerous
- IAS 38 Intangible Assets—Goods acquired for promotional activities
Committee’s agenda decisions
- IAS 19 Employee Benefits—Discount rate in a country that has adopted another country’s currency
- IAS 32 Financial Instruments: Presentation—Centrally cleared client derivatives
- IAS 33 Earnings per Share—Tax arising from payments on participating equity instruments
- IAS 41 Agriculture—Biological assets growing on bearer plants
Other matters
- IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors— Accounting policy changes resulting from agenda decisions
- Committee work in progress
Review the IFRIC Update on the IASB's Web site.