New IFRS Bulletin Available – IFRS Interpretations Committee Agenda Decisions (September 2017)

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

Agenda decisions were finalised on:

• IFRS 1 First-time Adoption of International Financial Reporting Standards – Subsidiary as a first-time adopter;
• IFRS 9 Financial Instruments - Financial assets eligible for the election to present changes in fair value in other comprehensive income;
• IAS 12 Income taxes – Interest and penalties related to income taxes; and
• IAS 38 Intangible Assets – Goods acquired for promotional activities.

Tentative agenda decisions were made on:

• IFRS 15 Revenue from Contracts with Customers – Revenue recognition in a real estate contract; and
• IAS 28 Investments in Associates and Joint Ventures – Contributing property, plant and equipment to an associate.

 Please click here to download the IFRB.