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IFRIC Update – March 16, 2021

Start date:

End date:

Location: London

On March 24, 2021, the IFRS Interpretations Committee released a summary of its March 16, 2021 meeting.

The following items were discussed:

Committee’s tentative agenda decisions

  • Non-refundable Value Added Tax on Lease Payments (IFRS 16 Leases)
  • Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32 Financial Instruments: Presentation)

Committee’s agenda decisions

  • Configuration or Customization Costs in a Cloud Computing Arrangement (IAS 38 Intangible Assets)

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

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