IFRIC Meeting September 2017

The agenda and papers for the September 2017 meeting of the IFRS Interpretations Committee are now available.

New issues for discussion include:

• Pattern of revenue recognition on a real estate contract (IFRS 15 Revenue from Contracts with Customers);
• Taxation in fair value measurements (IAS 41 Agriculture); and
• Contributing property, plant and equipment to an associate (IAS 28 Investments in Associates and Joint Ventures .

The Interpretations Committee will also consider finalising tentative decisions made at previous meetings on the following:

• Financial assets eligible for the election to present changes in fair value in other comprehensive income (IFRS 9 Financial Instruments);
• Income tax – interest and penalties (IAS 12 Income taxes);
• Adoption of IFRS by a subsidiary (IFRS 1 First-time Adoption of IFRS);
• Costs considered in assessing whether a contract is onerous (IAS 37 Provisions, Contingent Liabilities and Contingent Assets); and
• Goods acquired for promotional activities (IAS 38 Intangible Assets)
• Acquisition of an associate or joint venture from an entity under common control (IAS 28 Investments in Associates and Joint Ventures).

Further information is available from the IASB web site here.