Notes from January IFRS Interpretations Committee meeting
11 Jan 2011
The IFRS Interpretations Committee met in London on 6-7 January 2011. We have posted Deloitte observer notes from the topics discussed at the meeting, as follows (click through for direct access to the notes for that particular topic):
- Administrative matters
- Committee work in progress
- Accounting for production phase stripping costs in the mining industry
- Review of Tentative Agenda Decisions published in November IFRIC Update
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Inclusion of own credit risk in discount rate
- IAS 32 Financial Instruments: Presentation – Put options written over non-controlling interests
- New items for initial consideration
- IFRS 3 Business Combinations and IAS 39 Financial Instruments Recognition and Measurement – Hedging the foreign exchange risk in a business combination
- IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors – Hierarchy of guidance to select an accounting policy
- IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets – Contingent pricing of PPE and intangible assets
- Annual improvements
- Annual improvements criteria – comment letter analysis
- Items for continuing consideration
- IAS 1 Presentation of Financial Statements – Current/non-current classification of debt (rollover agreements)
Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.