IFRB 2017 06 IFRS Interpretations Committee – Agenda Decisions (March 2017)

This BDO International Financial Reporting Bulletin (IFRB) summarises the agenda decisions made by the IFRS Interpretations Committee at its November 2016 meetings.

Agenda decisions were finalised on:

• IFRS 10  Consolidated Financial Statements - Investment entities and subsidiaries
• IAS 12    Income Taxes - Recognition of deferred taxes when acquiring a single-asset entity that is not a business
• Commodity loans; and
• IAS 28    Investments in Associates and Joint Ventures - Fund manager’s assessment of significant influence

Tentative agenda decisions were made on:

• IFRS 1    First-time Adoption of International Financial Reporting Standards – Subsidiary as a first-time adopter
• IFRS 9    Financial Instruments – Modifications or exchanges of financial liabilities that do not result in derecognition
• IAS 12    Income taxes – Interest and penalties related to income taxes
• IAS 33    Earnings per Share – Tax arising from payments on participating equity instruments
• IAS 19    Employee Benefits – Discount rate in a country that has adopted another country’s currency
• IAS 32    Financial Instrument: Presentation – Centrally cleared client derivatives
• IAS 41    Agriculture – Biological assets growing on bearer plants

Please click here to download the IFRB which is available from the BDO Global web site.