July IFRS Interpretations Committee meeting notes
19 Jul, 2013
We've posted Deloitte observer notes from the IFRS Interpretations Committee meeting which was held on 16-17 July 2013.
The topics discussed were as follows (click through to access detailed Deloitte observer notes for each topic):
Tuesday, 16 July 2013
Introduction
Finalisation of tentative agenda decisions
Redeliberation of proposed amendments
- IFRS 10/IAS 28 - Sale or contribution of assets between and investor and its associate or joint venture
- IAS 16/IAS 38 - Clarification of acceptable methods of depreciation and amortisation
- IFRS 11 - Acquisition of an interest in a joint operation
- IAS 28 - Equity method: share of other net asset changes
Items for continuing consideration
- IAS 19 - Employee benefit plans with a guaranteed return on contributions or notional contributions
- IAS 7 - Items recommended to not be included in annual improvements (oral update)
- IAS 40 - Accounting for a structure that appears to lack the physical characteristics of a building
- IAS 19 - Discount rate (high-quality corporate bonds, regional market/currency zone)
- IFRS 7 - Applicability of the amendments to IFRS 7 to condensed interim financial statements
Items for initial consideration
Wednesday, 17 July 2013
Items for initial consideration
- IFRS 10/IFRS 11 - Transitional provisions (impairment, foreign exchange and borrowing costs)
- IAS 1 - Presentation of items of other comprehensive income arising from equity accounted investments
- IAS 32 - Classification of mandatorily convertible instruments with an issuer option to convert into the maximum fixed number of shares
- IAS 32/IAS 39 - Classification of instruments to convert into a variable number of share upon a 'non-viability' contingent event
Click here to go to the preliminary and unofficial notes taken by Deloitte observers for the entire meeting.