IFRS® Discussion Group Meeting Agenda – January 10, 2019

Meeting Details


January 10, 2019


10:30 am to 4:00 pm (EST)


Chartered Professional Accountants of Canada - Ontario and Quebec Room (9th Floor)
277 Wellington Street West
Toronto ON M5V 3H2

Staff Contact(s)

Davina Tam, CPA, CA

Principal, Accounting Standards Board


Attend the upcoming IFRS Discussion Group meeting in person or virtually via livestream! You can see and hear the meeting discussion in real-time, no matter where you are in the world. Register as an observer now; spaces are limited!

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


(updated January 7, 2019)

The topics the IFRS® Discussion Group plans to consider, in addition to routine updates, are outlined below. Although current at the date prepared (January 7, 2019), 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 16 and IAS 34: Disclosing the Effects of Adopting the Leases Standard

  • For the 2019 interim reporting periods, discuss what entities should consider disclosing regarding the effects of adopting IFRS 16 Leases.

IFRS 16: Scope Exemption for Non-regenerative Resources

  • Consider various land lease scenarios with a private owner in which an entity has a right from the government to explore for minerals below the surface. Discuss whether these land leases would be within the scope exemption in paragraph 3(a) of IFRS 16 Leases.

IFRS 9 and IAS 37: Credit Enhancement on Trade Receivables

  • Consider whether a blanket group insurance policy on an entity’s total trade receivables is considered integral to the contractual terms of each individual trade receivable, and the related accounting implications.

IFRS 9: Classification of Related Party Loans

  • Consider various related party loan arrangements and discuss whether they would meet the solely payments of principal and interest test in IFRS 9 Financial Instruments.

Spin-off Transaction

  • Consider the accounting for a spin-off transaction. The transaction involves shareholders of a parent entity receiving shares of a newly created entity that holds an asset transferred from the parent entity.

Cryptocurrencies – Other Considerations

  • Consider the following scenarios:
  • Discuss whether an entity that receives cryptocurrencies from the sale of goods or services, and then subsequently monetizes the cryptocurrencies, is within the scope of IAS 2 Inventories or IAS 38 Intangible Assets.
  • Consider how a commodity-broker trader that measures cryptocurrencies at fair value less costs to sell should present the sale of its cryptocurrencies in the Statement of Comprehensive Income.

IFRS 3: Definition of a Business

  • Consider whether the amendments to IFRS 3 Business Combinations, can be early adopted by entities for annual reporting periods beginning on or after January 1, 2018.