Compilation of Agenda Decisions—Volume 7 published

The IFRS Foundation’s seventh Compilation of Agenda Decisions brings together agenda decisions published by the IFRS Interpretations Committee (Interpretations Committee) from May 2022 to October 2022.

The agenda decisions are organised by the IFRS Accounting Standards to which they relate. The document is intended to make the already published work of the Interpretations Committee more accessible.

The agenda decisions included in this compilation are:

• Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition (relates to IFRS 2 Share-based Payment and IAS 32 Financial Instruments: Presentation);
• Lessor Forgiveness of Lease Payments (relates to IFRS 9 Financial Instruments and IFRS 16 Leases);
• Principal versus Agent: Software Reseller (relates to IFRS 15 Revenue from Contracts with Customers);
• Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17 Insurance Contracts);
• Multi-currency Groups of Insurance Contracts (relates to IFRS 17 Insurance Contracts and IAS 21 The Effects of Changes in Foreign Exchange Rates);
• Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (relates to IAS 32 Financial Instruments: Presentation); and
• Negative Low Emission Vehicle Credits (relates to IAS 37 Provisions, Contingent Liabilities and Contingent Assets).

View individual agenda decisions by publication date on the supporting consistent application of IFRS Accounting Standards page.

The role of the Interpretations Committee is to work with the International Accounting Standards Board in supporting the consistent application of IFRS Accounting Standards.

The Interpretations Committee publishes an agenda decision when, following consultation, it concludes that a standard-setting project should not be added to the work plan to address a question received about the application of IFRS Accounting Standards.

Agenda decisions report the Interpretations Committee’s decision and, in many cases, also include material that explains how the applicable principles and requirements in IFRS Accounting Standards apply to the transaction or fact pattern described in the agenda decision.

For further information about the Interpretations Committee and its work, please visit the Interpretations Committee page.