November 2014 IFRS Interpretations Committee meeting notes — Part 1
17 Nov, 2014
The IFRS Interpretations Committee met in London on 11 November 2014. We've posted the Deloitte observer notes for the sessions on IAS 12, IAS 19, IAS 21, IAS 28, and IAS 32.
The topics discussed were as follows (click through to access detailed Deloitte observer notes for each topic):
TUESDAY, 11 NOVEMBER 2014
New issues
- IAS 32 — Classification of a liability for prepaid cards issued by a bank in the bank's financial statements
- IAS 21 — Revenue transaction denominated in foreign currency (date of transaction for the purpose of identifying the appropriate exchange rate for revenue recognition)
- IAS 12 — Selection of applicable tax rate for measurement of deferred tax relating to an investment in an associate
- IAS 28 — Applying the fair value option: an investment by investment choice, or consistent policy choice
- IAS 19 — Should longevity swaps held under a defined benefit scheme be measured at fair value as part of a plan asset or on another basis as a 'qualifying insurance contract'
Administrative session
You can also access the preliminary and unofficial notes taken by Deloitte observers for the entire meeting.
