25 September 2019

September 2019 IFRIC Update published

The September 2019 IFRS Interpretations Committee Update (IFRIC Update) is now available. 

Topics discussed at the September 2019 meeting were:

Committee’s tentative agenda decisions

  • Training Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)Agenda Paper 2
  • Definition of a Lease—Shipping Contract (IFRS 16 Leases)—Agenda Paper 3
  • Translating a Hyperinflationary Foreign Operation—Presenting Exchange Differences (IAS 21 The Effects of Changes in Foreign Exchange Rates and IAS 29 Financial Reporting in Hyperinflationary Economies)—Agenda Paper 4A
  • Cumulative Exchange Differences before a Foreign Operation becomes Hyperinflationary (IAS 21 and IAS 29)—Agenda Paper 4B
  • Presenting Comparative Amounts when a Foreign Operation first becomes Hyperinflationary (IAS 21 and IAS 29)—Agenda Paper 4C

Committee’s agenda decisions

  • Compensation for Delays or Cancellations (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 5
  • Lessee’s Incremental Borrowing Rate (IFRS 16 Leases)—Agenda Paper 8
  • Fair Value Hedge of Foreign Currency Risk on Non-Financial Assets (IFRS 9 Financial Instruments)—Agenda Paper 9
  • Presentation of Liabilities or Assets Related to Uncertain Tax Treatments (IAS 1 Presentation of Financial Statements)—Agenda Paper 10
  • Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)—Agenda Paper 7
  • Subsequent Expenditure on Biological Assets (IAS 41 Agriculture)—Agenda Paper 6

Other matters

  • Committee Work in Progress—Agenda Paper 11

View the September 2019 IFRIC Update here.

This website uses cookies. You can view which cookies are used by viewing the details in our privacy policy.