The November 2017 IFRS Interpretations Committee Update (IFRIC Update) has been published.
Topics discussed at the November 2017 meeting:
Items on the current agenda
- Subsidiary as a First-time Adopter (IFRS 1 First-time Adoption of International Financial Reporting Standards)—Agenda Paper 6
- Costs Considered in Assessing Whether a Contract is Onerous (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 5
Committee’s tentative agenda decisions
- Presentation of Interest Revenue for Particular Financial Instruments (IFRS 9 Financial Instrumentsand IAS 1 Presentation of Financial Statements)—Agenda Paper 3
- Revenue Recognition in a Real Estate Contract that Includes the Transfer of Land (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2A
- Right to Payment for Performance Completed to Date (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2B
Committee’s agenda decisions
- Acquisition of a Group of Assets (IFRS 3 Business Combinations)—Agenda Paper 4
Other matters
- Committee work in progress—Agenda Paper 7
