The September 2017 IFRS Interpretations Committee Update (IFRIC Update) has been published.
View this IFRIC Update and previous Updates.
Topics discussed at the September 2017 meeting:
Items on the current agenda
- IAS 28 Investments in Associates and Joint Ventures—Acquisition of an associate or joint venture from an entity under common control (Agenda Paper 5F)
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets—Costs considered in assessing whether a contract is onerous (Agenda Paper 5D)
Item recommended to the Board for Annual Improvements
- IAS 41 Agriculture—Taxation in fair value measurements (Agenda Paper 3)
Committee’s tentative agenda decisions
- IFRS 15 Revenue from Contracts with Customers—Revenue recognition in a real estate contract (Agenda Paper 2)
- IAS 28 Investments in Associates and Joint Ventures—Contributing property, plant and equipment to an associate (Agenda Paper 4)
Committee’s agenda decisions
- IFRS 1 First-time Adoption of International Financial Reporting Standards—Subsidiary as a first-time adopter (Agenda Paper 5C)
- IFRS 9 Financial Instruments—Financial assets eligible for the election to present changes in fair value in other comprehensive income (Agenda Paper 5A)
- IAS 12 Income Taxes—Interest and penalties related to income taxes (Agenda Paper 5B)
- IAS 38 Intangible Assets—Goods acquired for promotional activities (Agenda Paper 5E)
Other matters
- Committee work in progress (Agenda Paper 6)
