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Annual Improvements to IFRSs 2015-2017 Cycle - IFRIC

Date recorded:

At its meeting on June 13, 2017, the IFRIC discussed feedback on the proposed amendments to IAS 23 that were included in the Exposure Draft Annual Improvements to IFRS Standards 2015-2017 Cycle. They recommended that the IASB finalize the proposed amendments subject to drafting changes. In finalizing the amendments, it recommended that the IASB clarify that an entity includes funds borrowed specifically to obtain an asset other than a qualifying asset as part of its general borrowings. The IASB will discuss the Committee’s recommendations at a future Board meeting.

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

Correction list for hyphenation

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