IFRIC Update - September 12, 2017
Start date:
End date:
Location: London
On September 22, 2017, the IFRS Interpretations Committee released a summary of its September 12, 2017 meeting.
The following items were discussed:
Items on the current agenda
- 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
Item recommended to the Board for Annual Improvements
- IAS 41 Agriculture—Taxation in fair value measurements
Committee’s tentative agenda decisions
- IFRS 15 Revenue from Contracts with Customers—Revenue recognition in a real estate contract
- IAS 28 Investments in Associates and Joint Ventures—Contributing property, plant and equipment to an associate
Committee’s agenda decisions
- IFRS 1 First-time Adoption of International Financial Reporting Standards—Subsidiary as a first-time adopter
- IFRS 9 Financial Instruments—Financial assets eligible for the election to present changes in fair value in other comprehensive income
- IAS 12 Income Taxes—Interest and penalties related to income taxes
- IAS 38 Intangible Assets—Goods acquired for promotional activities
Other matters
- Committee work in progress
Review the IFRIC Update on the IASB's Web site.