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Agenda for 4-5 March 2010 IFRIC meeting

  • IFRIC (International Financial Reporting Interpretations Committee) (blue) Image

26 Feb 2010

The International Financial Reporting Interpretations Committee (IFRIC) will meet at the IASB's offices in London on Thursday and Friday 4 and 5 March 2010 (morning only on 5 March).

The meeting is open to the public and will be webcast. The tentative agenda is shown below.

Agenda for the IFRIC Meeting

Thursday and Friday, 4 and 5 March 2010

Thursday 4 March 2010 (10:00-18:00h London time)

  • Introduction
  • IAS 16 Property, Plant and Equipment – Accounting for production phase stripping costs in the mining industry
  • IFRS 2 Share-based Payment – Vesting and non-vesting conditions
  • Review of Tentative Agenda Decisions published in January 2010 IFRIC Update
    • IAS 21 The Effects of changes in Foreign Exchange Rates – Determination of functional currency of investment holding company
    • IAS 32 Financial Instruments: Presentation – Debt/equity classification of instruments with obligation to deliver cash at the discretion of shareholders
    • IAS 36 Impairment of Assets – Transition provisions for IFRS 8 amendment
    • IAS 39 Financial Instruments Recognition and Measurement – Unit of account for forward contracts with volumetric optionality
  • Annual Improvements – 2008-2010 Cycle
    • Comment analysis for minor issues:
      • Accounting policy changes in the year of adoption (IFRS 1)
      • Clarification of statement of changes in equity (IAS 1)
      • Transition requirements for amendments made as a result of IAS 27R to IAS 21, IAS 28 and IAS 31
      • Fair value of award credit (IFRIC 13)
      • Accounting policy changes in the year of adoption (IFRS 1)
      • Clarification of statement of changes in equity (IAS 1)
      • Transition requirements for amendments made as a result of IAS 27R to IAS 21, IAS 28 and IAS 31
      • Fair value of award credit (IFRIC 13)
    • IFRS 3 Business Combinations – Unreplaced and voluntarily replaced share-based payment awards (comment letter analysis)
    • IFRS 3 Business Combinations – Measurement of NCI (review of examples)
    • IFRS 5 Non.current Assets Held for Sale and Discontinued Operations – Loss of significant influence over an associate or jointly controlled entity (comment letter analysis)
    • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors – Change in terminology to the qualitative characteristics
    • IAS 40 Investment Property – Change from fair value model to cost model
  • Staff Recommendations for Tentative Agenda Decision
    • IFRS 1 First-time adoption of International Financial Reporting Standards – Accounting for costs included in self-constructed assets on transition
    • IFRS 5 Non.current Assets Held for Sale and Discontinued Operations – Reversal of impairment losses relating to goodwill
    • IAS 12 Income Taxes – Tax effect of distributions to equity holders
    • IAS 1 Presentation of Financial Statements – Comparative information

Friday 5 March (09:00-12:30h London time)

 

  • Staff Recommendations for Tentative Agenda Decision (continued from Thursday, if needed)
  • Annual Improvements 2009 – 2011 Cycle
    • IFRS 1 First-time Adoption of International Financial Reporting Standards – Hard wire dates
    • IFRS 3 Business Combinations – Contingent consideration and first-time adoption
    • IFRS 8 Operating Segments – Determination of scope
    • IAS 21 The Effects of Changes in Foreign Exchange Rates – Repayment of investment/CTA
    • IAS 26 Accounting and Reporting by Retirement Benefit Plans – Valuation of plan assets
    • IAS 34 Interim Financial Reporting – Consistency in disclosure of total segment assets
  • Administrative Session – IFRIC work in progress

 

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