March 2020 IFRS Interpretations Committee Update
The March
2020 IFRS Interpretations Committee Update (IFRIC
Update) is now available.
Topics discussed at the March 2020 meeting were:
Committee's tentative agenda decisions
- Sale and Leaseback with Variable Payments (IFRS 16 Leases)
- Deferred Tax related to an Investment in a Subsidiary (IAS 12 Income Taxes)
Committee's agenda decisions
- Translation of 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)
- Cumulative Exchange Differences before a Foreign Operation becomes Hyperinflationary (IAS 21 and IAS 29)
- Presenting Comparative Amounts when a Foreign Operation first becomes Hyperinflationary (IAS 21 and IAS 29)
- Training Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)
Other matters
- Work in Progress