IFRS (International Financial
Reporting Standards)

November 2019 meeting (view the update)

The topics for discussion at the IASB meeting were:

• Primary Financial Statements
• Subsidiaries that are SMEs
• Disclosure Initiative
• IFRS 3 reference to the Conceptual Framework
• Management Commentary
• Amendments to IFRS 17 Insurance Contracts
• Implementation Matters

Previous IASB updates

September 2019 meeting (view the update)

The topics for discussion at the IFRIC meeting were:

• Committee’s tentative agenda decisions:
  • Training Costs to Fulfil a Contract(IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2
  • Definition of a Lease—Shipping Contract(IFRS 16 Leases)—Agenda Paper 3
  • Translating a Hyperinflationary Foreign Operation—Presenting Exchange Differences (IAS 21 The Effects of Changes in Foreign Exchange Rates and IAS 29 Financial Reporting in Hyperinflationary Economies)—Agenda Paper 4A
  • Cumulative Exchange Differences before a Foreign Operation becomes Hyperinflationary(IAS 21 and IAS 29)—Agenda Paper 4B
  • Presenting Comparative Amounts when a Foreign Operation first becomes Hyperinflationary (IAS 21 and IAS 29)—Agenda Paper 4C


• Committee’s agenda decisions
  • Compensation for Delays or Cancellations (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 5
  • Lessee’s Incremental Borrowing Rate (IFRS 16 Leases)—Agenda Paper 8
  • Fair Value Hedge of Foreign Currency Risk on Non-Financial Assets (IFRS 9 Financial Instruments)—Agenda Paper 9
  • Presentation of Liabilities or Assets Related to Uncertain Tax Treatments (IAS 1 Presentationof Financial Statements)—Agenda Paper 10
  • Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)—Agenda Paper 7
  • Subsequent Expenditure on Biological Assets (IAS 41 Agriculture)—Agenda Paper 6


• Other matters
  • Committee Work in Progress—Agenda Paper 11

Previous IFRIC meeting updates

• June 2019
• March 2019
• January 2019
• November 2018

For more information on earlier updates, please visit the IFRIC website.