This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRIC Update - November 20, 2017

Start date:

End date:

Location: London

On November 29, 2017, the IFRS Interpretations Committee released a summary of its November 20, 2017 meeting.

The following items were discussed:

Items on the current agenda

  • Subsidiary as a First-time Adopter (IFRS 1 First-time Adoption of International Financial Reporting Standards)
  • Costs Considered in Assessing Whether a Contract is Onerous (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)

Committee’s tentative agenda decisions

  • Presentation of Interest Revenue for Particular Financial Instruments (IFRS 9 Financial Instrumentsand IAS 1 Presentation of Financial Statements)
  • Revenue Recognition in a Real Estate Contract that Includes the Transfer of Land (IFRS 15 Revenue from Contracts with Customers)
  • Right to Payment for Performance Completed to Date (IFRS 15 Revenue from Contracts with Customers)

Committee’s agenda decisions

  • Acquisition of a Group of Assets (IFRS 3 Business Combinations)

Other matters

  • Committee work in progress

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

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.