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IFRIC Update – November 26, 2019

Start date:

End date:

Location: London

On December 16, 2019, the IFRS Interpretations Committee released a summary of its November 26, 2019 meeting.

The following items were discussed:

Committee's tentative agenda decisions

  • Player Transfer Payments (IAS 38 Intangible Assets)
  • Multiple Tax Consequences of Recovering an Asset (IAS 12 Income Taxes)

Committee's agenda decisions

  • Lease Term and Useful Life of Leasehold Improvements (IFRS 16 Leases and IAS 16 Property, Plant and Equipment)

Items on the current agenda

  • Sale and Leaseback with Variable Payments (IFRS 16 Leases)

Other matters

  • 2020 Agenda Consultation
  • Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12
  • Work in Progress

Review the IFRIC Update and podcast on the International Accounting Standards Board's Web site.

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