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