New BDO IFR Bulletin Available – IFRS Interpretations Committee Agenda Decisions (June 2017)

This BDO International Financial Reporting Bulletin (IFRB) summarises the agenda decisions made by the IFRS Interpretations Committee at its June 2017 meeting.

Agenda decisions were finalised on:

• 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 Instruments: Presentation – Centrally cleared client derivatives; and
• IAS 41 Agriculture – Biological assets growing on bearer plants.

Tentative agenda decisions were made on

• IFRS 3 Business Combinations – Acquisition of a group of assets that does not constitute a business
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Costs considered in assessing whether a contract is onerous
• IAS 38 Intangible Assets – Goods acquired for promotional activities; and
• IAS 28 Investments on Associates and Joint Ventures – Acquisition of an associate or joint venture from an entity under common control.

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