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.