The June 2017 IFRS Interpretations Committee Update (IFRIC Update) has been published.
View this IFRIC Update and previous Updates.
Topics discussed at the June 2017 meeting:
Items on the current agenda
- IFRS 9 Financial Instruments—Modification or exchange of financial liabilities that do not result in derecognition (Agenda Paper 6E)
- IAS 23 Borrowing costs—Borrowing costs on completed qualifying assets (Agenda Paper 7)
Committee’s tentative agenda decisions
- IFRS 3 Business Combinations—Acquisition of a group of assets that does not constitute a business (Agenda Paper 2)
- IAS 28 Investments in Associates and Joint Ventures—Acquisition of an associate or joint venture from an entity under common control (Agenda Paper 8)
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets—Costs considered in assessing whether a contract is onerous (Agenda Paper 4)
- IAS 38 Intangible Assets—Goods acquired for promotional activities (Agenda Paper 3)
Committee’s agenda decisions
- IAS 19 Employee Benefits—Discount rate in a country that has adopted another country’s currency (Agenda Paper 6B)
- IAS 32 Financial Instruments: Presentation—Centrally cleared client derivatives (Agenda Paper 6D)
- IAS 33 Earnings per Share—Tax arising from payments on participating equity instruments (Agenda Paper 6C)
- IAS 41 Agriculture—Biological assets growing on bearer plants (Agenda Paper 6A)
Other matters
- IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors— Accounting policy changes resulting from agenda decisions (Agenda Paper 5)
- Committee work in progress (Agenda Paper 9)
