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Deloitte comment letter on tentative agenda decision on IAS 32 — Classification of the liability for a prepaid card in the issuer’s financial statements

Published on: 30 Nov 2015

We have commented on the IFRS Interpretations Committee's publication in the September IFRIC Update of the tentative decision not to take onto the Committee’s agenda the question of how an entity would classify the liability when it issues a prepaid card and how the entity would account for the unspent balance of such a card.

We agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision but also recommend that the Committee adds the clarification that a card issued as part of a customer loyalty programme is outside of the scope of the Committee's decision.

Download the full comment letter below.


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