IFRIC Update – March 3, 2020
Start date:
End date:
Location: London
In March 2020, the IFRS Interpretations Committee released a summary of its March 3, 2020 meeting.
The following items were discussed:
Committee's tentative agenda decisions
- Sale and Leaseback with Variable Payments (IFRS 16, Leases)
- Deferred Tax related to an Investment in a Subsidiary (IAS 12, Income Taxes)
Committee's agenda decisions
- Translation of a Hyperinflationary Foreign Operation—Presenting Exchange Differences (IAS 21, The Effects of Changes in Foreign Exchange Rates and IAS 29, Financial Reporting in Hyperinflationary Economies)
- Cumulative Exchange Differences before a Foreign Operation becomes Hyperinflationary (IAS 21 and IAS 29)
- Presenting Comparative Amounts when a Foreign Operation first becomes Hyperinflationary (IAS 21 and IAS 29)
- Training Costs to Fulfil a Contract (IFRS 15, Revenue from Contracts with Customers)
Other matters
- Work in Progress
Review the IFRIC Update and podcast on the International Accounting Standards Board's Web site.