IFRIC Update - March 14-15, 2017
Start date:
End date:
Location: London
On March 23, 2017, the IFRS Interpretations Committee released a summary of its March 14-15, 2017 meeting.
Items on the current agenda
- IFRS 3 Business Combinations and IFRS 11 Joint Arrangements—Previously held interests
- IAS 19 Employee Benefits—Plan amendments, curtailments or settlements
Committee’s tentative agenda decisions
- IFRS 1 First-time Adoption of International Financial Reporting Standards—Subsidiary as a first-time adopter
- IFRS 9 Financial Instruments—Modifications or exchanges of financial liabilities that do not result in derecognition
- IAS 12 Income Taxes—Interest and penalties related to income taxes
- 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
Committee’s agenda decisions
- IFRS 10 Consolidated Financial Statements—Investment entities and subsidiaries
- IAS 12 Income Taxes—Deferred taxes when acquiring a single-asset entity that is not a business
- IAS 28 Investments in Associates and Joint Ventures—Fund manager’s assessment of significant influence
- Commodity loans
Other matters
- Committee work in progress update
- Matters reported to the Board
Review the IFRIC Update on the IASB's Web site.