IFRIC Update – March 5-6, 2019
Start date:
End date:
Location: London
On March 15, 2019, the IFRS Interpretations Committee released a summary of its March 5-6, 2019 meeting.
The following items were discussed:
Committee's tentative agenda decisions
- Holdings of Cryptocurrencies
- Costs to Fulfil a Contract (IFRS 15, Revenue from Contracts with Customers)
- Subsurface Rights (IFRS 16, Leases)
- Effect of a Potential Discount on Plan Classification (IAS 19, Employee Benefits)
Committee’s agenda decisions
- Application of the Highly Probable Requirement when a Specific Derivative is Designated as a Hedging Instrument (IFRS 9, Financial Instruments and IAS 39, Financial instruments: Recognition and Measurement)
- Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9, Financial Instruments)
- Credit Enhancement in the Measurement of Expected Credit Losses (IFRS 9, Financial Instruments)
- Curing of a Credit-impaired Financial Asset (IFRS 9 Financial Instruments)
- Sale of Output by a Joint Operator (IFRS, 11 Joint Arrangements)
- Liabilities in relation to a Joint Operator’s Interest in a Joint Operation (IFRS 11, Joint Arrangements)
- Over Time Transfer of Constructed Good (IAS 23, Borrowing Costs)
- Customer’s Right to Receive Access to the Supplier’s Software Hosted on the Cloud (IAS 38, Intangible Assets)
Review the IFRIC Update on the International Accounting Standards Board's Web site.