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On the Horizon for IFRS: IFRIC meeting July 2015

IASB issues July 2015 IFRIC meeting highlights
Current agenda
     Should a pre-existing interest in a joint operation be remeasured when the entity becomes a joint operator through acquisition of an additional interest in the joint operation?
Proposals for narrow-scope amendments
     Classification and measurement of share-based payment transactions
Item recommended to IASB for Annual Improvements
     Borrowing costs on completed qualifying assets
Tentative agenda decisions
     Should interest be accreted on prepayments in long-term supply contracts?
     Recognition through profit or loss of deferred taxes for temporary differences arising from effect of exchange rate changes on tax basis of non-current assets
Agenda decision
     Should an entity assume continuation of a minimum funding requirement for contributions relating to future service?

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