Completed projects

All available completed technical accounting and governance projects can be found here.

For questions relating to any of the completed projects, please submit a query: Submit question

 A list of completed research, maintenance and other projects and their effective dates.

Project name Effective date
2011 Agenda Consultation  —
2013 Changes to the Due Process Handbook  —
2015 Agenda Consultation  —
2015 Trustee Review of Structure and Effectiveness  —
2017 SMEIG Q&A Section 12, Issue 1  —
2020 Due Process Handbook Review  —
2020 SMEIG Q&A Section 35, Issue 1  —
Accounting for Acquisitions of Interest in Joint Operations (Amendments to IFRS 11) 1 January 2016
Accounting for Contingent Consideration in a Business Combination (Amendments to IFRS 3)  —
Accounting Policy Changes (Amendments to IAS 8)  —
Aggregation of Operating Segments (Amendments to IFRS 8) 1 July 2014
Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) 1 January 2016
Amendments to IFRS 17 Insurance Contracts 1 January 2023
Amendments to the Terms of the Trustee Chair and Vice-Chairs
1 December 2018
Applicability of the Offsetting Amendments to IFRS 7 to Condensed Interim Financial Statements (Amendments to IFRS 7)  —
Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) 1 January 2018 
Borrowing Costs (2007 revision of IAS 23) 1 January 2009
Borrowing Costs (Amendments to IFRS 1) 1 January 2013
Borrowing Costs Eligible for Capitalisation (Amendments to IAS 23) 1 January 2019
Change in Methods of Disposal (Amendments to IFRS 5) 1 January 2016
Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38) 1 January 2016
Clarification of the Requirements for Comparative Information (Amendments to IAS 1) 1 January 2013
Clarification of the Scope of the Disclosure Requirements in IFRS 12 1 January 2017
Clarifying the Interrelationship of IFRS 3 and IAS 40 when Classifying Property as Investment Property or Owner-occupied Property 1 July 2014
Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) 1 January 2018 
Classification of Liabilities as Current or Non-current (Amendments to IAS 1) 1 January 2023
Classification of Servicing Equipment (Amendments to IAS 16) 1 January 2013
Cost of an Investment in a Subsidiary (Amendments to IFRS 1 and IAS 27) 1 January 2009
Credit Risk in Liability Measurement  —
Deferred Tax: Recovery of Underlying Assets (Amendments to IAS 12) 1 January 2012
Defined Benefit Plans: Employee Contributions (Amendments to IAS 19) 1 July 2014
Definition of Accounting Estimates (Amendments to IAS 8) 1 January 2023
Definition of a Business (Amendments to IFRS 3)
1 January 2020
Definition of 'Vesting Condition' (Amendments to IFRS 2) 1 July 2014
Deletion of Short-term Exemptions for First-time Adopters (Amendments to IFRS 1) 1 January 2018
Disclosure Initiative (Amendments to IAS 1) 1 January 2016
Disclosure Initiative (Amendments to IAS 7) 1 January 2017
Disclosure Initiative—Accounting Policies 1 January 2023
Disclosure Initiative—Definition of Material (Amendments to IAS 1 and IAS 8)
1 January 2020
Disclosure Initiative—Principles of Disclosure
 —
Disclosure of Information 'Elsewhere in the Interim Financial Report' (Amendments to IAS 34) 1 January 2016
Disclosures—Transfers of Financial Assets (Amendments to IFRS 7) 1 July 2011
Discontinued Operations (amendments to IFRS 5)  —
Discount Rate for Employee Benefits (Amendments to IAS 19)  —
Discount Rate: Regional Market Issue (Amendments to IAS 19) 1 January 2016
Discount Rates  —
Effective Dates  —
Eligible Hedged Items (Amendments to IAS 39) 1 July 2009
Embedded Derivatives (Amendments to IFRIC 9 and IAS 39) 30 June 2009
Emissions Trading Schemes
 —
Equity Method in Separate Financial Statements (Amendments to IAS 27) 1 January 2016
Extractive Activities—2010 Discussion Paper  —
Fees in the ‘10 per cent’ Test for Derecognition of Financial Liabilities (Amendments to IFRS 9) 1 January 2022
Fair Value Measurement: Unit of Account  —
Foreign Currency Translation  —
Government Grants (Amendments to IAS 20)  —
Government Loans (Amendments to IFRS 1) 1 January 2013
Group Cash-settled Share-based Payment Transactions (Amendments to IFRS 2) 1 January 2010
High Inflation  —
IBOR Reform and its Effects on Financial Reporting—Phase 1 1 January 2020
IBOR Reform and its Effects on Financial Reporting—Phase 2 1 January 2021
IFRIC 21 Levies 1 January 2014
IFRIC 22 Foreign Currency Transactions and Advance Consideration 1 January 2018
IFRIC 23 Uncertainty over Income Tax Treatments 1 January 2019
IFRS Taxonomy Update—2017 Annual Improvements  —
IFRS Taxonomy Update—2018 General Improvements
 —
IFRS Taxonomy Update—Amendments to IFRS 9 and IFRS 4  —
IFRS Taxonomy Update—Common Practice (IFRS 13)  —
IFRS Taxonomy Update—Covid-19-Related Rent Concessions (Amendment to IFRS 16)  —
IFRS Taxonomy Update—IFRS 17 Insurance Contracts  —
IFRS Taxonomy Update—Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7)  —
IFRS Taxonomy Update—Interest Rate Benchmark Reform—Phase 2  —
IFRS Taxonomy Update—Prepayment Features with Negative Compensation (Amendments to IFRS 9)  —
Improvements to IFRS 8 Operating Segments
 —
Improving Disclosures about Financial Instruments (Amendments to IFRS 7) 1 January 2009
Income Tax Consequences of Payments on Instruments Classified as Equity (Amendments to IAS 12) 1 January 2019
Income Taxes
 —
Interim Financial Reporting and Segment Information for Total Assets and Liabilities (Amendments to IAS 34)
1 January 2013
Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27) 1 January 2014
Investment Entities: Applying the Consolidation Exception 1 January 2016
Joint Financial Statement Presentation (Replacement of IAS 1)  —
Key Management Personnel (Amendments to IAS 24) 1 July 2014
Lease Incentives (Amendment to Illustrative Example 13 accompanying IFRS 16)  —
Liabilities (Amendments to IAS 37)  —
Liabilities and Equity
 —
Limited Exemption from Capital Comparative (Amendments to IFRS 1) 1 July 2010
Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) 1 January 2019
Meaning of Effective IFRSs (Amendments to IFRS 1) 1 July 2014
Measuring an Associate or Joint Venture at Fair Value (Amendments to IAS 28) 1 January 2018
Novation of Derivatives and Continuation of Hedge Accounting (Amendments to IAS 39 and IFRS 9) 1 January 2014
Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7) 1 January 2013
Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) 1 January 2022
Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) 1 January 2019
Post-employment Benefits  —
Post-implementation Review of IFRS 3 Business Combinations  —
Post-implementation Review of IFRS 8 Operating Segments
 —
Post-implementation Review of IFRS 13 Fair Value Measurement  —
Prepayment Features with Negative Compensation (Amendments to IFRS 9) 1 January 2019
Prepayments of a Minimum Funding Requirement (Amendments to IFRIC 14)
1 January 2011
Presentation of Items of Other Comprehensive Income (Amendments to IAS 1) 1 July 2012
Previously Held Interests in a Joint Operation (Amendments to IFRS 3 and IFRS 11) 1 January 2019
Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) 1 January 2022
Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1) 1 January 2009
Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7) 1 July 2008
Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12)
1 January 2017
Reconciliation of the Total of the Reportable Segments' Assets to the Entity's Assets (Amendments to IFRS 8) 1 July 2014
Recoverable Amount Disclosures for Non-financial Assets (Amendments to IAS 36) 1 January 2014
Related Party Disclosures (Amendments to IAS 24) 1 January 2011
Removal of Fixed Dates (Amendments to IFRS 1) 1 July 2011
Repeated Application of IFRS 1 1 January 2013
Revaluation Method—Proportionate Restatement of accumulated Depreciation 1 July 2014
Review of Taxonomy Due Process 2015  —
Revisions to the Preface to IFRS Standards
 —
Sale of a Subsidiary to a Customer  —
Sale or contribution of assets between an investor and its associate or joint venture 1 January 2016
Scope of exception for joint ventures 1 July 2014
Scope of Paragraph 52 1 July 2014
Servicing Contracts 1 January 2016
Settlement of pre-existing relationships  —
Severe hyperinflation 1 July 2011
Share-based Payment—Sources of Accounting Complexity
 —
Short-term receivables and payables 1 July 2014
Stripping Costs in the Production Phase of a Surface Mine 1 January 2013
Subsidiary as a First-time Adopter (Amendment to IFRS 1) 1 January 2022
Tax effect of distribution to holders of equity instruments 1 January 2013
Taxation in Fair Value Measurements (Amendment to IAS 41) 1 January 2022
Termination Benefits  —
Transfers of Investment Property (Amendments to IAS 40) 1 January 2018
Transition and Guidance 1 January 2013
Updating a Reference to the Conceptual Framework (Amendments to IFRS 3) 1 January 2022
Vesting Conditions and Cancellations (Amendments to IFRS 2) 1 January 2009

All completed Agenda Decision projects since June 2017. A full list of Agenda Decisions included in the annotated Standards can be found here.

Project name
Acquisition of a Group of Assets (IFRS 3)
Application of the Highly Probable Requirement when a Specific Derivative is Designated as a Hedging Instrument (IAS 39 and IFRS 9)
Assessment of Promised Goods or Services (IFRS 15)
Biological Assets Growing on Bearer Plants (IAS 41)
Borrowing Costs on Land (IAS 23)
Centrally Cleared Client Derivatives (IAS 32)
Classification of a Particular Type of Dual Currency Bond (IFRS 9)
Classification of Short-term Loans and Credit Facilities (IAS 7)
Compensation for Delays or Cancellations (IFRS 15)
Contributing Property, Plant and Equipment to an Associate (IAS 28)
Costs to Fulfil a Contract (IFRS 15)
Credit Enhancement in the Measurement of Expected Credit Losses (IFRS 9)
Cumulative Exchange Differences arising before a Foreign Operation becomes Hyperinflationary (IAS 21 and IAS 29)
Curing of a Credit-impaired Financial Asset (IFRS 9)
Customer’s Right to Receive Access to the Supplier’s Software Hosted on the Cloud (IAS 38)
Definition of a Lease—Shipping Contract (IFRS 16)
Deferred Tax Related to an Investment in a Subsidiary (IAS 12)
Deposits Relating to Taxes Other than Income Tax (IAS 37)
Determination of the Exchange Rate when there is a Long-term Lack of Exchangeability (IAS 21)
Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7)
Discount Rate in a Country that has Adopted Another Country’s Currency (IAS 19)
Effect of a Potential Discount on Plan Classification (IAS 19)
Expenditures on a Qualifying Asset (IAS 23)
Fair Value Hedge of Foreign Currency Risk on Non-Financial Assets (IFRS 9)
Financial Assets Eligible for the Election to Present Changes in Fair Value in Other Comprehensive Income (IFRS 9)
Goods Acquired for Promotional Activities (IAS 38)
Holdings of Cryptocurrencies
Interest and Penalties Related to Income Taxes (IAS 12)
Investments in a Subsidiary Accounted for at Cost: Partial Disposal (IAS 27)
Investments in a Subsidiary Accounted for at Cost: Step Acquisition (IAS 27)
Lease Term and Useful Life of Leasehold Improvements (IFRS 16 and IAS 16)
Lessee’s Incremental Borrowing Rate (IFRS 16)
Liabilities in Relation to a Joint Operator’s Interest in a Joint Operation (IFRS 11)
Multiple Tax Consequences of Recovering an Asset (IAS 12) 
Over Time Transfer of Constructed Good (IAS 23)
Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9)
Player Transfer Payments (IAS 38)
Presentation of Interest Revenue for Particular Financial Instruments (IFRS 9 and IAS 1)
Presentation of Liabilities or Assets Related to Uncertain Tax Treatments (IAS 1)
Presenting Comparative Amounts when a Foreign Operation First becomes Hyperinflationary (IAS 21 and IAS 29)
Revenue Recognition in a Real Estate Contract (IFRS 15)
Revenue Recognition in a Real Estate Contract that includes the Transfer of Land (IFRS 15)
Right to Payment for Performance Completed to Date (IFRS 15)
Sale and Leaseback with Variable Payments (IFRS 16)
Sale of Output by a Joint Operator (IFRS 11)
Subsequent Expenditure on Biological Assets (IAS 41)
Subsidiary as a First-time Adopter (IFRS 1)
Subsurface Rights (IFRS 16)
Supply Chain Financing Arrangements—Reverse Factoring
Tax Arising from Payments on Participating Equity Instruments (IAS 33)
Training Costs to Fulfil a Contract (IFRS 15)
Translating a Hyperinflationary Foreign Operation—Presenting Exchange Differences (IAS 21 and IAS 29)

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