Related Discussions

• Annual improvements — 2009-2011 cycle

• 02 Mar 2012

• The IASB considered the finalisation of a number of amendments included in the June 2011 exposure draft of annual improvements, discussing: (1) Repeated application of IFRS 1 (2) IFRS 1 — Exemption for borrowing costs (3) IAS 1 — Comparative information (4) IAS 16 — Classification of servicing equipment (5) IAS 32 — Tax effect of distribution to holders of equity instruments (6) IAS 34 — Interim financial reporting and segment information (7) Proposed changes to IAS 1 derived from the Conceptual Framework for Financial Reporting.

• Annual improvements — comment letter analysis

• 18 Jan 2012

• The IFRS Interpretations Committee met to redeliberate and decide on the Committee's revised recommendations on the Improvements to International Financial Reporting Standards (ED), discussing issues related to IFRS 1, IAS 1, IAS 16, IAS 32 (IAS 12) and IAS 34.

• Annual improvements — comment letter analysis

• 18 Jan 2012

• The IFRS Interpretations Committee met to redeliberate and decide on the Committee's revised recommendations on the Improvements to International Financial Reporting Standards (ED), discussing issues related to IFRS 1, IAS 1, IAS 16, IAS 32 (IAS 12) and IAS 34.

• Annual improvements – comment period

• 15 Jun 2011

• The Board considered the comment period for the upcoming exposure draft on the 2009-2011 cycle of 'Improvements to IFRSs', agreeing to a 120 day comment period.

• Annual improvements – 2009-2011 and 2010-2012 cycles

• 19 May 2011

• The IASB considered reassessed the items included in the 2010-2012 cycle of annual improvements against the revised criteria developed by the Trustees and added an additional item in relation to IAS 1, and as part of the 2010-2012 cycle, agreed not to propose amendments on five issues related to IFRS 3, IAS 8, IAS 36 and IAS 41.

• IFRS 8 – Reconciliation of segment assets (new)

• 05 May 2011

• The IFRS Interpretations Committee agreed propose an annual improvement to create consistency between the requirements of paragraphs 29(c) and 23 of IFRS 8.

• Annual improvements to IFRSs - 2009-2011

• 19 Oct 2010

• The IASB considered a number of potential annual improvements topics, including IFRS 1 (repeat application of IFRS 1), IFRS 3 (regrouping and consistency of contingent consideration guidance), IAS 24 (key management personnel), IAS 40 (transfers from investment property). The IASB also confirmed the assessment against the proposed annual improvement criteria and considered other matters where no amendment will be proposed.

• Annual improvements to IFRSs - 2009-2011

• 14 Sep 2010

• The IASB discussed the recommendation of the IFRS Interpretation Committee to include in the Annual Improvements Project an issue to clarify the requirements for comparative information when an entity provides individual financial statements beyond the minimum comparative information.

• Annual improvements: 2009 - 2011 cycle

• 21 Jul 2010

• The Board discussed IFRS 1, IAS 16, IAS 32, IAS 34 and IFRS 8.

• Annual Improvements 2009-2010

• 19 May 2010

• Based on the request from the Trustees, the Board considered revised criteria for the annual improvements process different from the current definition of 'non-urgent but necessary amendments to IFRSs'.

• IAS 32 — Clarification of the puttable instruments criteria for income trust units

• 07 May 2010

• The IFRS Interpretations Committee considered a request for clarification on guidance relating to the classification of puttable financial instruments (puts) that include contractual obligations to provide pro rata distributions.

• IAS 16 — Clarification on classification of servicing equipment as inventory or property, plant, and equipment

• 07 May 2010

• The Committee considered a request for improvement of IAS 16 'Property, Plant and Equipment' with respect to servicing equipment and classification as property, plant and equipment or inventory.

• IFRS 1 — Repeat application of IFRS 1

• 06 May 2010

• The IFRS Interpretations Committee considered a request to clarify whether an entity can apply IFRS 1 First-time adoption of the IFRSs more than once in a situation that an entity previously applied IFRS 1 and reported in accordance with the IFRSs in order to comply with foreign listing requirements.

• IAS 23 — Capitalisation of borrowing costs and first-time adoption

• 06 May 2010

• The Committee discussed a request to clarify the interaction of IAS 23 and IFRS 1 with respect to the borrowing costs that were capitalised in accordance with previous GAAP (when the previous GAAP was inconsistent with the IFRSs).

• IAS 40 — Transfers from investment property

• 06 May 2010

• The Committee discussed the issue resulting from the annual improvements cycle 2008-2010 related to classification and measurement of an investment property when the management intends to sell the asset.

• IAS 1 — Comparative information

• 06 May 2010

• The IFRS Interpretations Committee re-discussed the issue of comparative information from the March meeting.

• Annual Improvements

• 08 Apr 2010

• The Board discussed the package of decisions on the Annual Improvements Project that will be published in April 2010.

• Annual Improvements

• 18 Mar 2010

• The Board finalized amendments to IFRS 1, IAS 1, IAS 27 and IFRIC 13. The board discussed IFRS 3, IFRS 5, IAS 8, and IAS 40.

• Criteria for annual improvements

• 05 Mar 2010

• The IFRIC considered the criteria for assessing issues for inclusion within the Annual Improvements process.

• IFRS 8/IAS 34 — Consistency in disclosure of total segment assets

• 05 Mar 2010

• The IFRIC discussed the potential conflict between IFRS 8 and IAS 34. Some constituents read the IAS 34 requirement to provide a measure of segment assets in interim financial statements even if that amount was not provided to the chief operating decision maker.

• IAS 26 — Presentation of retirement benefit plan investments

• 05 Mar 2010

• The IFRIC considered a clarification of presentation of changes in the fair value of plan assets.

• IAS 21 — CTA recycling in IAS 27 (revised) transactions

• 05 Mar 2010

• The IFRIC held an initial discussion on whether the separate foreign currency equity reserve related to the translation of the net assets of an investor's net investment in a subsidiary (often referred to as the cumulative translation adjustment, or 'CTA') should be recycled and if so, when such recycling is appropriate.

• IFRS 8 — Scope of IFRS 8

• 05 Mar 2010

• The IFRIC discussed a potential clarification of the applicability of IFRS 8 to entities that issue debt and equity instruments to the public, but those instruments are not traded on a 'public market'.

• IFRS 3 — Contingent consideration and first-time adoption

• 05 Mar 2010

• The IFRIC discussed a potential amendment of IFRS 3 to clarify accounting treatment for contingent consideration from a business combination that occurred before the effective date of IFRS 3(2008) for first time adopters.

• IFRS 1 — Hard-wire dates

• 05 Mar 2010

• The IFRIC discussed an exception that IFRS 1 provides from full retrospective application of the requirements for derecognition of financial assets and financial liabilities in IAS 39 for transactions before 1 January 2004.