IFRIC Update – February 2, 2021

Start date:

End date:

Location: London

On February 12, 2021, the IFRS Interpretations Committee released a summary of its February 2, 2021 meeting.

The following items were discussed:

Items on the current agenda

  • Sale and Leaseback of an Asset in a Single-Asset Entity (IFRS 10 Consolidated Financial Statements and IFRS 16 Leases)

Committee's tentative agenda decisions

  • Costs Necessary to Sell Inventories (IAS 2 Inventories)
  • Preparation of Financial Statements when an Entity is No Longer a Going Concern (IAS 10 Events after the Reporting Period)—Agenda Paper 4

Other matters

  • Work in Progress

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

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