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.

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