13 March 2020

March 2020 IFRIC Update published

The March 2020 IFRS Interpretations Committee Update (IFRIC Update) is now available. 

Topics discussed at the March 2020 meeting were:

Committee's tentative agenda decisions

  • Sale and Leaseback with Variable Payments (IFRS 16 Leases)
  • Deferred Tax related to an Investment in a Subsidiary (IAS 12 Income Taxes)

Committee's agenda decisions

  • Translation of 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)
  • Cumulative Exchange Differences before a Foreign Operation becomes Hyperinflationary (IAS 21 and IAS 29)
  • Presenting Comparative Amounts when a Foreign Operation first becomes Hyperinflationary (IAS 21 and IAS 29)
  • Training Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)

Other matters

  • Work in Progress

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