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.