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
Addendum to IFRIC Update—Committee’s 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)
Review the IFRIC Update and podcast on the International Accounting Standards Board's Web site.