IFRIC Update - November 27, 2018
Start date:
End date:
Location: London
On December 7, 2018, the IFRS Interpretations Committee released a summary of its November 27, 2018 meeting.
The following items were discussed:
Items on the current agenda
- Lack of exchangeability (IAS 21, The Effects of Changes in Foreign Exchange Rates)
Committee’s tentative agenda decisions
- Sale of output by a joint operator (IFRS 11, Joint Arrangements)
- Physical settlement of contracts to buy or sell a non-financial item (IFRS 9, Financial Instruments)
- Over time transfer of constructed good (IAS 23, Borrowing Costs)
- Customer’s right to access the supplier’s software hosted on the cloud (IAS 38, Intangible Assets)
- Credit enhancement in the measurement of expected credit losses (IFRS 9, Financial Instruments)
- Curing of a credit-impaired financial asset (IFRS 9, Financial Instruments)
Other matters
- Committee work in progress
Review the IFRIC Update on the International Accounting Standards Board's Web site.