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IFRIC Update – September 14-15, 2021

Start date:

End date:

Location: London

On September 23, 2021, the IFRS Interpretations Committee released a summary of its September 14-15, 2021 meeting.

The following items were discussed:

Committee's tentative agenda decisions

  • Demand Deposits with Restrictions on Use (IAS 7, Statement of Cash Flows)
  • Cash Received via Electronic Transfer as Settlement for a Financial Asset (IFRS 9, Financial Instruments)

Agenda decisions for the Board's consideration

  • 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)

Other matters

  • Lease Liability in a Sale and Leaseback
  • Work in Progress

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

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