IFRS (International Financial
Reporting Standards)

  • Jaa

Standard setter meetings

IASB

December 2014 meeting (view the update)

The topics for discussion at the IASB meeting were:

  • IFRS for SMEs: Comprehensive Review 2012–2014 (Agenda Paper 5)
  • Post-implementation Review: IFRS 3 Business Combinations (Agenda Papers 12A-12B)
  • IAS 40 Investment Property: Accounting for a structure that lacks the physical characteristics of a building (Agenda Paper 12C)
  • IFRIC Update (Agenda Paper 12D)
  • Leases (Agenda Paper 3)             
  • Disclosure Initiative (Agenda Paper 11) 
 

Previous IASB updates


 
IFRIC

November 2014 meeting (view the update)

The topics for discussion at the IFRIC meeting were:

  • items on the current agenda:
    • IFRS 5 Non–current Assets Held for Sale and Discontinued Operations — Issues relating to the requirements for scope and presentation in IFRS 5
    • IAS 2 Inventories — Should interest be accreted on prepayments in long-term supply contracts
    • IAS 12 Income Taxes — How should current tax assets and liabilities be measured when the tax position is uncertain?
    • IAS 16 Property, Plant and Equipment — Accounting for net proceeds and costs of testing for property, plant and equipment
    • IAS 21 The Effects of Changes in Foreign Exchange Rates — Revenue transaction denominated in a foreign currency: What is the date of the transaction for the purpose of identifying the applicable exchange rate for revenue recognition?
    • IAS 32 Financial Instruments: Presentation and IAS 37 Provisions, Contingent Liabilities and Contingent Assets — Classification of the liability for prepaid cards issued by a bank in the bank’s financial statements              
  • Issues considered for Annual Improvements:
    • IAS 19 Employee Benefits — Remeasurement at a plan amendment, curtailment or settlement: additional issue related to significant market fluctuations
    • IAS 28 Investments in Associates and Joint Ventures — Measuring investees at fair value: an investment-by-investment choice or a consistent policy choice?
  • Interpretations Committee agenda decisions:
    • IFRS 12 Disclosure of Interests in Other Entities — Disclosure of summarised financial information about material joint ventures and associates
    • IAS 16 Property, Plant and Equipment and IAS 2 Inventories — Accounting for core inventories
    • IAS 21 The Effects of Changes in Foreign Exchange Rates — Foreign exchange restrictions and hyperinflation
    • IAS 39 Financial Instruments: Recognition and Measurement — Holder’s accounting for exchange of equity instruments
  • Interpretations Committee tentative agenda decisions:
    • IFRS 10 Consolidated Financial Statements — Single-asset, single lessee lease vehicles and the assessment of control under IFRS 10. In what circumstances does the lender or lessee consolidate?
    • IFRS 10 Consolidated Financial Statements — Control of a structured entity by a junior lender
    • IFRS 11 Joint Arrangements — Classification of joint arrangements: the assessment of ‘other facts and circumstances’
    • IFRS 11 Joint Arrangements — Classification of joint arrangements: application of ‘other facts and circumstances’ to specific fact patterns
    • IFRS 11 Joint Arrangements — Classification of joint arrangements: consideration of two joint arrangements with similar features that are classified differently
    • IFRS 11 Joint Arrangements — Accounting by the joint operator: recognition of revenue by a joint operator
    • IFRS 11 Joint Arrangements — Accounting by the joint operator: the accounting treatment when the joint operator’s share of output purchased differs from its share of ownership interest in the joint operation
    • IFRS 11 Joint Arrangements — Accounting in separate financial statements: accounting by the joint operator in its separate financial statements
    • IFRS 11 Joint Arrangements — Accounting by the joint operation: accounting by the joint operation that is a separate vehicle in its financial statements
    • IAS 12 Income Taxes — Selection of applicable tax rate for measurement of deferred tax relating to investment in associate
    • IAS 19 Employee Benefits — Should longevity swaps held under a defined benefit plan be measured at fair value as part of plan assets or on another basis as a qualifying insurance policy?
  • Other matters:
    • Interpretations Committee work in progress update
 

Previous IFRIC meeting updates

 

Ota yhteyttä

Ota yhteyttä

Terhi Mäkinen, FAAS Leader

Pasi Pekkarinen, IFRS Desk Leader

Puh. 0207 280 190 (vaihde)

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