The March 2019 IFRS Interpretations Committee Update (IFRIC Update) is now available.
Topics discussed at the March 2019 meeting were:
Committee's tentative agenda decisions
- Holdings of Cryptocurrencies
- Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)
- Subsurface Rights (IFRS 16 Leases)
- Effect of a Potential Discount on Plan Classification (IAS 19 Employee Benefits)
Committee’s agenda decisions
- Application of the Highly Probable Requirement when a Specific Derivative is Designated as a Hedging Instrument (IFRS 9 Financial Instruments and IAS 39 Financial instruments: Recognition and Measurement)
- Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9 Financial Instruments)
- Credit Enhancement in the Measurement of Expected Credit Losses (IFRS 9 Financial Instruments)
- Curing of a Credit-impaired Financial Asset (IFRS 9 Financial Instruments)
- Sale of Output by a Joint Operator (IFRS 11 Joint Arrangements)
- Liabilities in relation to a Joint Operator’s Interest in a Joint Operation (IFRS 11 Joint Arrangements)
- Over Time Transfer of Constructed Good (IAS 23 Borrowing Costs)
- Customer’s Right to Receive Access to the Supplier’s Software Hosted on the Cloud (IAS 38 Intangible Assets)
Other matters
- Committee work in progress—Agenda Paper 14
