Notes from the May 2010 IFRIC meeting
08 May, 2010
The IFRS Interpretations Committee (IFRIC) met at the IASB's offices in London on Thursday and Friday, 6 and 7 May 2010. We have published preliminary and unofficial notes taken by Deloitte observers at the meeting.
Click through for direct access to the notes:
Thursday 6 May 2010 (10:15-18:15)
Introduction
Active Committee projects
- IAS 16 – Accounting for production phase stripping costs in the mining industry
- IFRS 2 – Vesting and non-vesting conditions
Review of Tentative Agenda Decisions published in March IFRIC Update
- IFRS 1 – Accounting for costs included in self-constructed assets on transition
- IFRS 5 – Reversal of disposal group impairment losses relating to goodwill
- IAS 26 – Valuation of plan assets
Items for continuing consideration
New items for initial consideration
- IFRS 1 – Repeat application
- IFRS 1 – Clarification of borrowing costs exemption
- IAS 27 – Puts on non-controlling interests
Friday 7 May 2010 (09:00-12:30)
New items for initial consideration (continued from previous day)
- IAS 29 – Reporting in accordance with IFRS after a period of chronic hyperinflation
- IAS 39 – Impairment of financial assets reclassified from AFS to loans and receivables
- IAS 32 – Clarification of the puttable instruments criteria for income trust units
- IAS 12 – Recognising deferred tax assets for unrealised losses on AFS debt securities
- IAS 16 – Amendment to clarify accounting for servicing equipment
- IAS 40 – Change from fair value model to cost model (reconsideration)
- IAS 1 – Going concern disclosures
Administrative session
You can also access the preliminary and unofficial notes taken by Deloitte observers for the entire meeting.
