The March 2018 IFRS Interpretations Committee Update (IFRIC Update) has been published.
View this IFRIC Update and previous Updates here.
Topics discussed at the March 2018 meeting:
Items on the current agenda
- Deferred tax – tax base of assets and liabilities (IAS 12 Income Taxes) —Agenda Paper 4
- Costs considered in assessing whether a contract is onerous (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 5
- Payments relating to taxes other than income tax (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 7
Committee’s tentative agenda decisions
- Classification of a particular type of dual currency bond (IFRS 9 Financial Instruments)—Agenda Paper 8
- Hedge accounting with load following swaps (IFRS 9 Financial Instruments and IAS 39 Financial Instruments—Recognition and Measurement)—Agenda Paper 9
- Classification of short-term loans and credit facilities (IAS 7 Statement of Cash Flows)—Agenda Paper 6
Committee’s agenda decisions
- Presentation of interest revenue for particular financial instruments (IFRS 9 Financial Instruments and IAS 1 Presentation of Financial Statements)—Agenda Paper 3
- Revenue recognition in a real estate contract (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2C
- Revenue recognition in a real estate contract that includes the transfer of land (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2D
- Right to payment for performance completed to date (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2E
Other matters
- Responding to questions submitted—Agenda Paper 2B
- Committee work in progress—Agenda Paper 10
