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IFRIC Update – June 8-9, 2021

Start date:

End date:

Location: London

On June 17, 2021, the IFRS Interpretations Committee released a summary of its June 8-9, 2021 meeting.

The following items were discussed:

Committee's tentative agenda decisions

  • TLTRO III Transactions (IFRS 9 Financial Instruments and IAS 20 Accounting for Government Grants and Disclosure of Government Assistance)
  • Economic Benefits from Use of a Windfarm (IFRS 16 Leases)

Agenda decisions for Board consideration

  • 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)

Other matters

  • Work in Progress—Agenda Paper 6

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

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