IFRS (International Financial
Reporting Standards)

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Standard setter meetings


September 2014 meeting (view the update)

The topics for discussion at the IASB meeting were:

  • Disclosure Initiative (Agenda Paper 11)
  • Research Project (Agenda Paper 8)
  • Insurance Contracts (Agenda Paper 2)
  • Conceptual Framework (Agenda Paper 10)
  • IFRIC Update (Agenda Paper 12A)
  • IAS 21 The Effects of Changes in Foreign Exchange Rates—Foreign exchange restrictions and hyperinflation (Agenda Paper 12B)
  • IAS 1 Presentation of Financial Statements—Classification of liabilities (Agenda Paper 12C)
  • Distinction between a change in accounting policy and a change in accounting estimate (Agenda Paper 12D)
  • Classification of a hybrid financial instrument by the holder (Agenda Paper 12E)
  • Post-implementation Review: IFRS 3 Business Combinations (Agenda Papers 12F-12G)

Previous IASB updates


September 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— write-down of a disposal group and reversal of impairment losses relating to goodwill recognised for a disposal group
    • IFRS 11 Joint Arrangements—implementation issues
    • IAS 12 Income Taxes—measurement of current income tax on uncertain tax position
    • IFRIC 14 IAS 19—the Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction—availability of refunds from a defined benefit plan managed by an independent trustee
  • Interpretations Committee tentative agenda decisions:
    • IFRS 12 Disclosure of Interests in Other Entities—disclosures for a subsidiary with a material non-controlling interest and for a material joint venture or associate
    • IFRS 13 Fair Value Measurement— the fair value hierarchy when third-party consensus prices are used
    • IAS 28 Investments in Associates and Joint Ventures—fund manager’s
      significant influence over a fund
    • IAS 39 Financial Instruments: Recognition and Measurement—accounting for embedded foreign currency derivatives in host contracts
    • IFRIC 21 Levies—levies raised on production property, plant and equipment
  • other matters:
    • Conceptual Framework—transition and effective date
    • Interpretations Committee work in progress update
    • Review of Interpretations Committee Activities

Previous IFRIC meeting updates