Deloitte comment letter on tentative agenda decision on IFRS 9 — Physical settlement of contracts to buy or sell a non-financial item

Published on: 07 Mar 2019

We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the November 2018 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on the recognition of gains and losses on fixed price contracts for the sale or purchase of non-financial items that are accounted for under IFRS 9.

We agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.

Download the full comment letter below.

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