March IFRS Interpretations Committee meeting notes
01 Apr 2014
We've posted the Deloitte observer notes from the IFRS Interpretations Committee meeting which was held on 25 March 2014.
The topics discussed were as follows (click through to access detailed Deloitte observer notes for each topic):
Items for continuing consideration
- IAS 12 – Recognition of deferred tax assets for unrealised losses
- IAS 12 – Recognition of deferred tax for a single asset in a corporate wrapper
- IAS 34 – Condensed statement of cash flows
- IFRS 11 – Analysis of implementation issues
- IAS 1 – Disclosures about going concern
Finalisation of tentative agenda decisions
- IFRIC 21 – Identification of a present obligation to pay a levy that is subject to a pro rata activity threshold as well as an annual activity threshold
- IAS 17 – Meaning of 'incremental costs'
- IAS 8 – Distinction between a change in accounting policy and a change in accounting estimate
- IFRS 10 – Definition of investment related services or activities
- IAS 39 – Accounting for repo transactions
New issues
- IFRIC 14 – Availability of refunds from a defined benefit plan managed by an independent trustee
- IAS 19 – Remeasurement at a plan amendment or curtailment
- IAS 16 – Whether 'core inventories’ held in an entity’s own facilities are accounted for as inventories or as property, plant and equipment
- IAS 39 – Classification of a hybrid financial instrument by the holder
Click here to go to the preliminary and unofficial notes taken by Deloitte observers for the entire meeting.
