Completed projects

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

 

A list of completed Standard-setting projects by name, and their effective dates.

Project name 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)

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

Project name Effective date
2015 Agenda Consultation  —
2017 SMEIG Q&A Section 12, Issue 1 13 December 2017 (non-mandatory)
Amendments to the Terms of the Trustee Chair and Vice-Chairs
1 December 2018
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
Clarification of the Scope of the Disclosure Requirements in IFRS 12 1 January 2017
Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) 1 January 2018 
Definition of a Business (Amendments to IFRS 3)
1 January 2020
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—Definition of Material (Amendments to IAS 1 and IAS 8)
1 January 2020
Disclosure Initiative—Principles of Disclosure
 —
Discount Rates  —
Extractive Activities—2010 Discussion Paper  —
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—Common Practice (IFRS 13)  —
IFRS Taxonomy Update—IFRS 17 Insurance Contracts  —
IFRS Taxonomy Update—Prepayment Features with Negative Compensation (Amendments to IFRS 9)  —
Improvements to IFRS 8 Operating Segments
 —
Income Tax Consequences of Payments on Instruments Classified as Equity (Amendments to IAS 12) 1 January 2019
Liabilities (Amendments to IAS 37)
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
Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) 1 January 2019
Post-implementation Review of IFRS 3 Business Combinations  —
Post-implementation Review of IFRS 13 Fair Value Measurement  —
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
Revisions to the Preface to IFRS Standards
 
Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12)
1 January 2017
Share-based Payment—Sources of Accounting Complexity
 —
Transfers of Investment Property (Amendments to IAS 40) 1 January 2018

All completed Agenda Decision projects since June 2017. A full list of Agenda Decisions 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)
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)
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)
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)
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)
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)
Liabilities in Relation to a Joint Operator’s Interest in a Joint Operation (IFRS 11)
Over Time Transfer of Constructed Good (IAS 23)
Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9)
Presentation of Interest Revenue for Particular Financial Instruments (IFRS 9 and IAS 1)
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 of Output by a Joint Operator (IFRS 11)
Subsidiary as a First-time Adopter (IFRS 1)
Subsurface Rights (IFRS 16)
Tax Arising from Payments on Participating Equity Instruments (IAS 33)

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