January IFRS Interpretations Committee meeting notes
04 Feb, 2014
We've posted the Deloitte observer notes from the IFRS Interpretations Committee meeting which was held on 29-30 January 2014.
The topics discussed were as follows (click through to access detailed Deloitte observer notes for each topic):
Wednesday, 29 January 2014
Items for continuing consideration
- IAS 12 – Recognition of deferred tax assets for unrealised losses
- IAS 12 – Recognition and measurement of deferred tax assets when an entity is loss making
- IAS 19 – Employee benefit plans with a guaranteed return on contributions or notional contributions
- IFRS 10 – An investment entity subsidiary that also provides investment-related services
- IFRS 10 – Exemption from preparing consolidated financial statements requirements
Finalisation of tentative agenda decisions
- IAS 29 – Applicability of the concept of financial capital maintenance defined in constant purchasing power units
- IAS 32 – Classification of mandatorily convertible instruments subject to a cap and a floor with an issuer option to convert into the maximum (fixed) number of shares
- IAS 32 – Classification of instruments that mandatorily convert into a variable number of shares upon a ‘non-viability’ contingent event
New issues
Items for continuing consideration (continued)
New issues (continued)
- IAS 12 – Impact of an internal reorganisation on deferred tax
- IAS 12 – Threshold of recognition of an asset on uncertain tax position
Feedback from the IASB
- IAS 1 – Disclosure requirements about an assessment of going concern (update on IASB's decision not to proceed with proposed amendments)
Administrative session
- Interpretations Committee work in progress
Thursday, 30 January 2014 (09:00-12:55)
New issues (continued)
- IFRS 3 & IFRS 10 – Identification of the acquirer in accordance with IFRS 3 and the parent in accordance with IFRS 10 in a stapling arrangement
- IFRS 10 – A non-investment entity’s application of the equity method for investment entity investees
- IAS 16 – Disclosure of carrying amount information for assets stated at revalued amounts
- IAS 37 – Measurement of liabilities under IAS 37 within the context of emission trading schemes
- IAS 28 – Inconsistency with paragraph 31 of IAS 2
- IAS 1 – Issues related to the application of IAS 1
- IAS 34 – Condensed statement of cash flows
Click here to go to the preliminary and unofficial notes taken by Deloitte observers for the entire meeting.
