IFRIC Update November 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 25-26 November 2025 and discussed:
Committee's tentative agenda decisions
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Classification of Gains and Losses on a Derivative Managing a Foreign Currency Exposure (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 2
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Fair Presentation and Compliance with IFRS Accounting Standards (IAS 1 Presentation of Financial Statements)—Agenda Paper 3
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Scope of the Requirement to Disclose Expenses by Nature (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 6
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Assessment of a Specified Main Business Activity for the purposes of the Separate Financial Statements of a Parent (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 7
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Presentation of Taxes or Other Charges that are Not Income Taxes within the Scope of IAS 12 Income Taxes (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 8
[Draft] Updates to Committee's agenda decisions for IFRS 18
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Presentation of payments on non-income taxes (IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes)—Agenda Papers 9–9C
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Classification of tonnage taxes (IAS 12 Income Taxes)—Agenda Papers 9–9C
Agenda decisions for the IASB's consideration
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Embedded Prepayment Option (IFRS 9 Financial Instruments)—Agenda Paper 4
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Determining and Accounting for Transaction Costs (IFRS 9 Financial Instruments)—Agenda Paper 5
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Updates to Committee’s agenda decisions for IFRS 18 Presentation and Disclosure in Financial Statements—Agenda Papers 9–9C
Other matters
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Business Combinations—Disclosures, Goodwill and Impairment—Agenda Paper 10
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Work in Progress—Agenda Paper 11