New BDO IFRB – IFRS Interpretations Committee Agenda Decisions June 2018

BDO has issued IFR Bulletin 2018/03 IFRS Interpretations Committee Agenda Decisions June 2018, which summarises the finalised and tentative agenda decisions reached by the IFRS Interpretations Committee at its meeting in June 2018.

One decision was finalised on dealing with the Classification of short-term loans and credit facilities under IAS 7 Statement of Cash Flows

Tentative decisions were reached on the following standards:

• IAS 21 The Effects of Changes in Foreign Exchange Rates - Determination of the exchange rate when there is a long-term lack of exchangeability;
• IAS 23 Borrowing Costs – Expenditures on a qualifying asset; and
• IAS 23 Borrowing Costs - Borrowing costs on land

Please click here to be redirected to the BDO Global website to access the suite of BDO IFR Bulletins