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We comment on three IFRS Interpretations Committee tentative agenda decisions

  • Deloitte document (mid gray) Image

09 May 2018

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 7 and IFRS 9, as published in the March 2018 IFRIC Update.

More information about the issues is set out below:

Issue

Agenda decision supported?

More information

IAS 7 — Classification of short-term loans and credit facilities

Yes

IFRS 9 — Classification of a particular type of dual currency bond

Yes; however, we are concerned that a statement only that “the financial instrument described in the request is not common” provides no guidance to preparers of financial statements and could give rise to divergence in practice

IFRS 9 — Hedge accounting with load following swaps

Yes; however, we are concerned that a statement only that “the financial instrument described in the request is not common” provides no guidance to preparers of financial statements and could give rise to divergence in practice 

Click to access all our comment letters to the IASB, IFRS Foundation, and IFRS Interpretations Committee.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.