We comment on four IFRS Interpretations Committee tentative agenda decisions
15 Feb, 2021
We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 1, IAS 19, IAS 38, and IFRS 9, as published in the December 2020 IFRIC Update.
More information about the issues is set out below:
Issue |
Agenda decision supported? |
More information |
---|---|---|
IAS 1 — Classification of debt with covenants as current or non-current |
We believe that this issue is of such significance that it cannot be resolved by the Committee through an agenda decision. We strongly believe that the Board should reconsider the conclusion reached in the recent amendment to IAS 1 to ensure that it provides a principle that results in relevant classification of debt with covenants as current or non-current. |
|
IAS 19 — Attributing benefit to periods of service |
Yes |
|
IAS 38 — Configuration or customization costs in a cloud computing arrangement |
Yes, however, we believe that the wording of the decision could be clarified. |
|
IFRS 9 — Hedging variability in cash flows due to real interest rate |
Yes |
Click to access all our comment letters to the IASB, IFRS Foundation, and IFRS Interpretations Committee.