Completed projects

The process of populating this page with completed projects is ongoing. All other projects remain accessible on our archive site

Completed Standard-setting projects Effective date
2015 Amendments to the IFRS for SMEs Standard 1 January 2017
Clarifications to IFRS 15 Revenue from Contracts with Customers 1 January 2018
Conceptual Framework for Financial Reporting 1 January 2020
IFRS 9 Financial Instruments: Classification and Measurement 1 January 2018
IFRS 9 Financial Instruments: Hedge Accounting 1 January 2018
IFRS 9 Financial Instruments: Impairment 1 January 2018
IFRS 15 Revenue from Contracts with Customers 1 January 2018
IFRS 16 Leases 1 January 2019
IFRS 17 Insurance Contracts 1 January 2021
Materiality Practice Statement 14 September 2017 (non-mandatory)
Completed research, maintenance and other projects Effective date
2015 Agenda Consultation  —
2017 SMEIG Q&A Section 12, Issue 1 13 December 2017 (non-mandatory)
Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) 1 January 2018 
Borrowing Costs Eligible for Capitalisation (Amendments to IAS 23) 1 January 2019
Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) 1 January 2018 
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
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—IFRS 17 Insurance Contracts  —
IFRS Taxonomy Update—Prepayment Features with Negative Compensation (Amendments to IFRS 9)  —
Income Tax Consequences of Payments on Instruments Classified as Equity (Amendments to IAS 12) 1 January 2019
Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) 1 January 2019
Measuring an Associate or Joint Venture at Fair Value (Amendments to IAS 28) 1 January 2018
Post-implementation Review of IFRS 3 Business Combinations  —
Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) 1 January 2019
Prepayment Features with Negative Compensation (Amendments to IFRS 9) 1 January 2019
Previously Held Interests in a Joint Operation (Amendments to IFRS 3 and IFRS 11) 1 January 2019
Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12)
1 January 2017
Transfers of Investment Property (Amendments to IAS 40) 1 January 2018
Completed Agenda Decisions
Acquisition of a Group of Assets (IFRS 3)
Biological Assets Growing on Bearer Plants (IAS 41)
Centrally Cleared Client Derivatives (IAS 32)
Classification of short-term loans and credit facilities (IAS 7)
Contributing Property, Plant and Equipment to an Associate (IAS 28)
Discount Rate in a Country that has Adopted Another Country’s Currency (IAS 19)
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)
Interest and Penalties Related to Income Taxes (IAS 12)
Revenue recognition in a real estate contract (IFRS 15)
Presentation of interest revenue for particular financial instruments (IFRS 9 and IAS 1)
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)
Subsidiary as a First-time Adopter (IFRS 1)
Tax Arising from Payments on Participating Equity Instruments (IAS 33)

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