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Research Project Reports

Date recorded:

Accounting for Service Concession Arrangements

Standard setters in Australia, France, Spain, and United Kingdom are working on this issue. They have identified a number of difficult issues and have sent them to IFRIC. They working group believes that resolution of the matter is urgent and that the appropriate way to do this is an IFRIC interpretation.

Management Discussion and Analysis Report (MD&A;)

This project is being led by New Zealand. The major concern is the scope of an MD&A.; The New Zealand standard setter has prepared a working paper that was discussed. Among the comments:

  • Specific forecasts should be prohibited
  • There should not be duplication of information in the notes and in the MD&A.;
  • Some NSS representatives felt that an IASB exposure draft should be limited to basic principles, while others favoured more detailed guidance.

Revaluation of Tangible Fixed Assets

This project is being led by New Zealand with participation of the United Kingdom and IASB Staff. The working group has concluded that while revaluation under IAS 16 is based on an asset's fair value, there is a need for guidance for determining fair value. The group proposed that IFRIC issue implementation guidance. The working group also reported that the Canadian standard setter is working on a broad measurement project.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.