July 2014 IFRS Interpretations Committee meeting notes
04 Aug 2014
The IFRS Interpretations Committee met in London on 15–16 July 2014. We've posted the Deloitte observer notes from the meeting. The Committee (1) continued discussions on a number of issues related to IFRS 11, IAS 12, IAS 16, IAS 19 and IFRIC 14, (2) considered finalising tentative agenda decisions on IAS 1, IAS 39, IAS 34, IFRS 2 and IAS 12, and (3) considered new issues on IFRS 12, IAS 16, IAS 39 and IAS 21.
The topics discussed were as follows (click through to access detailed Deloitte observer notes for each topic):
TUESDAY, 15 JULY 2014 (10:00-17:35)
Items for continuing consideration
- IFRS 11 – Analysis of implementation issues
- IAS 12 – Recognition of current income tax on uncertain tax positions
- IAS 16 – Core inventories
- IAS 19 – Remeasurement at a plan amendment or curtailment
- IFRIC 14 – Availability of refunds from a defined benefit plan managed by an independent trustee
Finalisation of tentative agenda decisions
- IAS 1 – Going concern disclosure
- IAS 39 – Classification of a hybrid financial instrument by the holder
- IAS 34 – Condensed statement of cash flows
- IFRS 2 – Price difference between the institutional offer price and the retail offer price in an initial public offering
- IAS 12 – Recognition of deferred tax for a single asset in a corporate wrapper
WEDNESDAY, 16 JULY 2014 (9:00-10:15)
New items
