IFRS (International Financial
Reporting Standards)

July 2019 meeting (view the update)

The topics for discussion at the IASB meeting were:

• IFRS for SMEs Standard review and update
• Implementation matters: IFRIC Update
• Classification of Liabilities as Current or Non-current (Amendments to IAS 1)
• Goodwill and Impairment
• Management Commentary
• Business Combinations under Common Control
• Financial Instruments with Characteristics of Equity
• Rate-regulated Activities
• Disclosure Initiative
• Primary Financial Statements
• IBOR Reform and the Effects on Financial Reporting
• Dynamic Risk Management

Previous IASB updates

June 2019 meeting (view the update)

The topics for discussion at the IFRIC meeting were:

• Committee’s tentative agenda decisions:
  • Fair Value Hedge of Foreign Currency Risk on Non-Financial Assets (IFRS 9 Financial Instruments)—Agenda Paper 4
  • Compensation for Delays or Cancellations (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 8
  • Lessee’s Incremental Borrowing Rate (IFRS 16 Leases)—Agenda Paper 2
  • Lease Term and Useful Life of Leasehold Improvements (IFRS 16 Leases and IAS 16 Property, Plant and Equipment)—Agenda Paper 3
  • Presentation of Liabilities or Assets Related to Uncertain Tax Treatments (IAS 1 Presentation of Financial Statements)—Agenda Paper 7
  • Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)—Agenda Papers 5‒5A
  • Subsequent Expenditure on Biological Assets (IAS 41 Agriculture)—Agenda Paper 9


• Committee’s agenda decisions
  • Holdings of Cryptocurrencies—Agenda Paper 12
  • Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 10
  • Subsurface Rights (IFRS 16 Leases)—Agenda Paper 11
  • Effect of a Potential Discount on Plan Classification (IAS 19 Employee Benefits)—Agenda Paper 13


• Items on the current agenda
  • Sale of a Single Asset Entity Containing Real Estate (IFRS 10 Consolidated Financial Statements)—Agenda Paper 6
  • Lack of Exchangeability (IAS 21 The Effects of Changes in Foreign Exchange Rates)—Agenda Papers 14‒14C


• Other matters
  • Matters Reported to the Board—Agenda Paper 15
  • Committee Work in Progress—Agenda Paper 16

Previous IFRIC meeting updates

• March 2019
• January 2019
• November 2018
• September 2018

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