March 2025

IFRIC Update March 2025

IFRIC Update is a summary of the decisions reached by the IFRS Interpretations Committee (Committee) in its public meetings. Past Updates can be found in the IFRIC Update archive.

The Committee met on 11 March 2025 and discussed:

Agenda decisions for the IASB's consideration

Guarantees Issued on Obligations of Other Entities—Agenda Paper 2
Recognition of Revenue from Tuition Fees (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 3
Recognition of Intangible Assets from Climate-related Expenditure (IAS 38 Intangible Assets)—Agenda Paper 4

Other matters

Translation to a Hyperinflationary Presentation Currency—Agenda Paper 5
Work in Progress—Agenda Paper 9

Click here to access IASPlus for an overview which summarises the staff recommendations and Committee decisions.

Click here to access the March 2025 IFRIC Update on the IFRS Foundation website.

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