Agenda for the 28-29 August IFRIC meeting is announced
18 Aug 2002
The International Financial Reporting Interpretations Committee will meet on 28 and 29 August at the IASB's offices in London to discuss the following issues: Derivatives on interests in subsidiaries, associates, and joint ventures.
Such derivatives arise when a parent or investor contracts either to buy some of the shares in the investee that it does not already own or to sell some of its present holding.
IAS 19: Employee Benefits – measurement of the pension asset ceiling when the employer expects refunds and reductions in future contributions.
Revenue with multiple elements – revenue recognition when the seller agrees to deliver or perform multiple products, services, and/or rights to use assets.
Rights of use – when do rights of use constitute a lease transaction that should be accounted for in accordance with IAS 17, Leases.
Transactions with owners and common control transactions.