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IFRS Discussion Group – Report on December 3, 2015 Meeting

  • IFRS - AcSB Image
  • IFRS - Meeting Image

Feb 23, 2016

On February 23, 2016, the Accounting Standards Board (AcSB) released a summary of the Group’s discussions.

The following topics were discussed at the meetings:

Items Presented and Discussed at the December 3, 2015 Meeting

  • IAS 19: Change in Discount Rate Approach
  • IFRS 2 and IFRS 3: A Reverse Takeover Involving Joint Control
  • IFRS 9: Impaired Assets on Transition
  • IFRS 15 and IAS 18: Bill-and-hold Arrangements
  • IAS 32 and IAS 39: Changes to Convertible Debt
  • IAS 1: Disclosing Significant Accounting Policies
  • Recent Regulatory Publications on Financial Reporting Matters

Update on Previous Items Discussed by the Group

  • IAS 23: Financial Liabilities Measured at Fair Value through Profit or Loss
  • IAS 21: Determining Functional Currency

Other Matters

  • Draft IFRIC Interpretations
  • IAS 16 and IAS 38: Variable Payments for Asset Purchases
  • IAS 36: Recoverable Amount and Carrying Amount of a Cash-generating

Review the Report on the AcSB's Web site. The audio recordings of the Group’s full discussion is also available.

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