Global Standards for the world economy

Friday 28 April 2017

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Meetings


March 2017 IFRIC Update published

 23 March 2017


The March 2017 IFRS Interpretations Committee Update (IFRIC Update) has been published.

View this IFRIC Update and previous Updates.


 Topics discussed at the March 2017 meeting:

  • Items on the current agenda
    • IFRS 3 Business Combinations and IFRS 11 Joint Arrangements—Previously held interests (Agenda Paper 9)
    • IAS 19 Employee Benefits—Plan amendments, curtailments or settlements (Agenda Paper 2)
  • Committee’s tentative agenda decisions
    • IFRS 1 First-time Adoption of International Financial Reporting Standards—Subsidiary as a first-time adopter (Agenda Paper 5)
    • IFRS 9 Financial Instruments—Modifications or exchanges of financial liabilities that do not result in derecognition (Agenda Paper 11)
    • IAS 12 Income Taxes—Interest and penalties related to income taxes (Agenda Paper 6)
    • IAS 19 Employee Benefits—Discount rate in a country that has adopted another country’s currency (Agenda Paper 3)
    • IAS 32 Financial Instruments: Presentation—Centrally cleared client derivatives (Agenda Paper 10)
    • IAS 33 Earnings per Share—Tax arising from payments on participating equity instruments (Agenda Paper 4)
    • IAS 41 Agriculture—Biological assets growing on bearer plants (Agenda Paper 7)
  • Committee’s agenda decisions
    • IFRS 10 Consolidated Financial Statements—Investment entities and subsidiaries (Agenda Paper 8A)
    • IAS 12 Income Taxes—Deferred taxes when acquiring a single-asset entity that is not a business (Agenda Paper 8C)
    • IAS 28 Investments in Associates and Joint Ventures—Fund manager’s assessment of significant influence (Agenda Paper 8B)
    • Commodity loans (Agenda Paper 8D)
  • Other matters
    • Committee work in progress update (Agenda Paper 12)
    • Matters reported to the Board (Agenda Paper 13)