15 March 2019

March 2019 IFRIC Update published

The March 2019 IFRS Interpretations Committee Update (IFRIC Update) is now available. 

Topics discussed at the March 2019 meeting were:

Committee's tentative agenda decisions

  • Holdings of Cryptocurrencies
  • Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)
  • Subsurface Rights (IFRS 16 Leases)
  • Effect of a Potential Discount on Plan Classification (IAS 19 Employee Benefits)

Committee’s agenda decisions

  • Application of the Highly Probable Requirement when a Specific Derivative is Designated as a Hedging Instrument (IFRS 9 Financial Instruments and IAS 39 Financial instruments: Recognition and Measurement)
  • Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9 Financial Instruments)
  • Credit Enhancement in the Measurement of Expected Credit Losses (IFRS 9 Financial Instruments)
  • Curing of a Credit-impaired Financial Asset (IFRS 9 Financial Instruments)
  • Sale of Output by a Joint Operator (IFRS 11 Joint Arrangements)
  • Liabilities in relation to a Joint Operator’s Interest in a Joint Operation (IFRS 11 Joint Arrangements)
  • Over Time Transfer of Constructed Good (IAS 23 Borrowing Costs)
  • Customer’s Right to Receive Access to the Supplier’s Software Hosted on the Cloud (IAS 38 Intangible Assets)

Other matters

  • Committee work in progress—Agenda Paper 14

Access the March 2019 IFRIC Update here.

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