November 2021 IFRS Interpretations Committee Update
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 30 November–1 December 2021. The Committee did not discuss feedback on the Tentative Agenda Decision TLTRO III Transactions (IFRS 9 Financial Instruments and IAS 20 Accounting for Government Grants and Disclosure of Government Assistance)—Agenda Paper 5. The Committee will discuss the feedback at a future meeting.
The Committee discussed:
Committee's tentative agenda decisions
Principal versus Agent: Software Resellers (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2
Agenda decisions for the IASB's consideration
Economic Benefits from Use of a Windfarm (IFRS 16 Leases)—Agenda Paper 3
Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 4
Work in Progress—Agenda Paper 6