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.