Upcoming IFRS® Discussion Group Meeting

Meetings are open to the public and recorded, but portions may be held in camera at the discretion of the Chair.

Date: October 16, 2018 – 9:00 am to 3:00 pm
Location: The Fort Garry Hotel
The Club Room
222 Broadway
Winnipeg, M.B  R3C 0R3
In-person Observation:
Read the Guidelines for In-person Observers
Complete the In-person Observer Registration Form
Livestream Observation: Read the Guidelines for Livestream Observers
Complete the Livestream Observer Registration Form



The topics the IFRS® Discussion Group plans to consider, in addition to routine updates, are outlined below. Although current at the date prepared (September 6, 2018), this agenda is subject to change. The topics presented below may be discussed by the Group in a different order.

If the topics are relevant to your professional work, attending the public meeting – either in person or via livestream – would qualify as Continuing Professional Development (CPD). Contact your CPA provincial body for any questions about CPD hours.

IFRS 11 and IFRS 16: Identifying the Customer in a Lease Contract for the Use of Assets by a Joint Arrangement

  • Consider various scenarios involving a lease contract for the use of assets by a joint arrangement, and discuss whether the joint arrangement or another party is the customer.

IFRS 11 and IAS 28: Assessing for Joint Control

  • Consider a scenario involving an entity that has multiple shareholders with differing percentages of voting rights and discuss whether the arrangement is within the scope of IFRS 11 Joint Arrangements or IAS 28 Investments in Associates and Joint Ventures.

IFRS 16 and IAS 16: Accounting for Asset Retirement Obligations

  • Discuss how a lessee should recognize the costs associated with an obligation imposed by the lease to:
    • remove leasehold improvements;
    • remove immovable equipment installed by the lessee; and/or
    • restore the leased premises to their original condition at the end of the lease term.

Specifically, consider whether such costs should be recognized (1) as part of the cost of the right-of-use asset or (2) as part of the cost of the item of property, plant and equipment owned by the lessee. Also, consider the related transition implications.

IFRS 16: Identifying Separate Lease Components

  • Consider from a lessee’s perspective lease contracts that contain the right to use both land and building and discuss whether the assets under each scenario should be accounted for as a separate lease component. Also, consider the related transition implications. 

IFRS 16: Guidance on “Low Value” Leases

Consider the guidance in paragraphs B3-B8 of IFRS 16 Leases and discuss possible methods for identifying leases for which the underlying asset is of low value.

IFRS 16: Lessee’s Discount Rate

  • Further to the Group’s January 2018 discussion, consider transition implications for determining the discount rate to measure the right-of-use asset when the retrospective method is selected. Also, consider additional lease scenarios and discuss how to determine the type of discount rate that should be used.

IFRS 2 and IAS 8: Modifications to Performance Conditions

  • Consider the accounting for modifications to a performance condition in a share-based payment arrangement as a result of a change in accounting policy.

Cryptocurrencies – Employee Benefits

  • Discuss the accounting for employee benefits provided in the form of cryptocurrencies. Also, discuss the factors to consider in assessing whether there is an active market for a particular cryptocurrency. 


Davina Tam, CPA, CA
Principal, Accounting Standards Board
Phone: +1 (416) 204-3514
Email: dtam@acsbcanada.ca