The September 2018 IFRS Interpretations Committee Update (IFRIC Update) has been published
Topics discussed at the September 2018 meeting were:
Items on the current agenda
- Cloud computing arrangements (IAS 38)
Committee's Tentative Agenda Decisions
- Assessment of promised goods or services (IFRS 15)
- Application of the highly probable requirement when a specific derivative is designated as a hedging instrument (IFRS 9 and IAS 39)
- Deposits relating to taxes other than income tax (IAS 37)
- Investment in a subsidiary accounted for at cost: Partial Disposal (IAS 27)
- Investment in a subsidiary accounted for at cost: Step Acquisition (IAS 27)
- Liabilities in relation to a joint operators interest in a joint operation (IFRS 11)
Committee's Agenda Decisions
- Borrowing costs on land (IAS 23)
- Classification of a particular type of dual currency bond (IFRS 9)
- Determination of the exchange rate when there is a long term lack of exchangeability (IAS 21)
- Expenditures on a qualifying asset (IAS 23)
Other matters
- Accounting Policies and Accounting Estimates (IAS 8)
- Cryptocurrencies
- Committee work in progress
To view the agenda and agenda papers, please click here.
