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Notes from the November 2010 Interpretations Committee meeting

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Implementation matters — Onerous contracts
May 14, 2019 02:45 PM
The Board discussed feedback received on its Exposure Draft 'Onerous Contracts—Cost of Fulfilling a Contract'. No decisionswere asked of the Board.
Amendments to IFRS 17 'Insurance Contracts'
Jan 23, 2019 01:00 PM
This meeting considered the following issues: (1) insurance acquisition cash flows for renewals outside the contract boundary; (2) reinsurance contracts held—onerous underlying insurance contracts; (3) reinsurance contracts held—underlying insurance contracts with direct participation features; and (4) recognition of the contractual service margin in profit or loss in the general model.
IFRS implementation issues
Jun 22, 2017 08:00 AM
The Board discussed (1) amendments to IAS 28: Transition requirements for first-time adopters and due process steps and (2) IAS 8: Accounting policy changes resulting from agenda decisions.
IFRS Implementation issues
May 16, 2017 12:15 PM
The purpose of this session was to discuss uncertainty over income tax treatments (ratification of the IFRIC Interpretation) andamendments to IAS 28 'Investments in Associates and Joint Ventures' regarding long-term interests (analysis of feedback on the proposed amendments).
IFRIC update
Apr 19, 2016 09:15 AM
The regular update summary paper on the most recent IFRS Interpretations Committee meeting was made available.
IFRS implementation issues
Sep 22, 2015 11:15 AM
The Board was presented with an update from the July 2015 IFRS Interpretation Committee meeting, in particular, three topics were highlight during the meeting. The three highlighted topics were issues related to IFRS 11, IFRS 2, and IAS 23.
Administrative session
Jul 14, 2015 01:50 PM
The Committee was updated on the current status of issues that are in progress but not discussed at the July meeting. In addition, the Committee was briefed on the work related to the classification of liability for prepaid cards issued by a Bank in the Bank's financial statements and provided an overview of recent Interpretation Committee activities.
Insurance contracts
May 20, 2015 11:00 AM
The Board discussed the application of variable fee approach, proposed accounting for indirect participation contracts, and the interaction between IFRS 9 and the insurance contracts project.
Administrative session — Work in progress
May 12, 2015 02:30 PM
There were no questions or comments on the current status of work-in-progress issues that were not discussed by the Committee during the May 2015 meeting.
IAS 23 — Borrowing costs on completed qualifying assets
May 12, 2015 02:00 PM
The Committee discussed a request to clarify whether funds borrowed specifically to finance the construction of a qualifying asset, the construction of which has now been completed, must be included as part of general borrowings for the purposes of determining the capitalisation rate for other qualifying assets under IAS 23. The staff concluded that, on the basis of the existing guidance in paragraph 14 of IAS 23, the specific borrowing should form part of the general borrowings pool in the scenario described by the submitter.

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