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IFRS® Accounting Standards

IFRS® Interpretations Committee Agenda Decisions

The IFRS Interpretations Committee (Interpretations Committee) is the International Accounting Standards Board’s (IASB) interpretative body working to support the application of IFRS Accounting Standards.

The Interpretations Committee responds to questions about the application of IFRS Accounting Standards and does other work at the request of the IASB.

Agenda Decisions Support Consistent Application of IFRS Accounting Standards

The Interpretations Committee publishes an agenda decision when it decides that a standard-setting project should not be added to the IASB’s work plan.

Agenda decisions cannot add or change requirements in IFRS Accounting Standards. It includes explanatory material on how the applicable principles and requirements in IFRS Accounting Standards apply to the transaction or fact pattern described in the agenda decision.

Agenda Decisions – Available in English and French

The AcSB supports consistent application of IFRS Accounting Standards and recognizes the importance of agenda decisions to Canadians. As a result, we worked with the IASB to ensure that agenda decisions are translated to French. Considering the volume of the agenda decisions and their relevance to Canadian stakeholders, the Board will not translate all agenda decisions published by the Interpretations Committee. Initially, the Board intends to translate only agenda decisions relating to the IFRS Accounting Standards that are in effect on or after January 1, 2022.

Note (October 2022): French translations will be available in a phased approach, beginning with recently published decisions followed by older ones.

Date Document Relevant IFRS Accounting Standard
October 24, 2022 Lessor Forgiveness of Lease Payments—IFRS 9 and IFRS 16
 IFRS 9
IFRS 16
October 24, 2022 Multi-currency Groups of Insurance Contracts—IFRS 17 and IAS 21
 IFRS 17
IAS 21
October 24, 2022 Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition
 IFRS 2
IAS 32
July 21, 2022 Negative Low Emissions Vehicle Credits—IAS 37 IAS 37
July 21, 2022 Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity—IAS 32 IAS 32
July 21, 2022 Transfer of Insurance Coverage under a Group of Annuity Contracts—IFRS 17 IFRS 17
May 30, 2022 Principal versus Agent: Software Reseller—IFRS 15 IFRS 15
April 28, 2022 Demand Deposits with Restrictions on User arising from a Contract with a Third Party—IAS 7 IAS 7
March 28, 2022 TLTRO III Transactions—IFRS 9 and IAS 20 IFRS 9
IAS 20
December 17, 2021 Economic Benefits from Use of a Windfarm—IFRS 16 IFRS 16
October 29, 2021 Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition—IAS 32 IAS 32
October 29, 2021 Non-refundable Value Added Tax on Lease Payments—IFRS 16 IFRS 16
June 25, 2021 Costs Necessary to Sell Inventories—IAS 2 IAS 2
June 25, 2021 Preparation of Financial Statements when an Entity is No Longer a Going Concern—IAS 10 IAS 10
May 24, 2021 Attributing Benefit to Periods of Service—IAS 19 IAS 19
May 24, 2021 Hedging Variability in Cash Flows due to Real Interest Rate—IFRS 9 IFRS 9
April 27, 2021 Configuration or Customization Costs in a Cloud Computing Arrangement—IAS 38 IAS 38
December 14, 2020 Supply Chain Financing Arrangements—Reverse Factoring IAS 1
IAS 7
IAS 37
IFRS 7
IFRS 9
November 26, 2019 Lease Term and Useful Life of Leasehold Improvements–IFRS 16 and IAS 6 IFRS 16
IAS 16
September 25, 2019 Lessee's Incremental Borrowing Rate–IFRS 16 IFRS 16
September 25, 2019 Compensation for Delays or Cancellations–IFRS 15 IFRS 15
September 25, 2019 Fair Value Hedge of Foreign Currency Risk on Non-Financial Assets–IFRS 9 IFRS 9
September 25, 2019 Subsequent Expenditure on Biological Assets–IAS 41 IAS 41
September 25, 2019 Disclosure of Changes in Liabilities Arising from Financing Activities–IAS 7 IAS 7
September 25, 2019 Presentation of Liabilities or Assets Related to Uncertain Tax Treatments–IAS 1 IAS 1
June 21, 2019 Subsurface rights–IFRS 16 IFRS 16
June 21, 2019 Costs to fulfil a contract–IFRS 15 IFRS 15
June 21, 2019 Effect of a potential discount on plan classification–IAS 19 IAS 19
June 21, 2019 Holdings of cryptocurrencies IAS 2
IAS 38
March 15, 2019 Physical settlement of contracts to buy or sell a non-financial item–IFRS 9 IFRS 9
March 15, 2019 Over time transfer of constructed good–IAS 23 IAS 23
March 15, 2019 Application of the highly probable requirement when a specific derivative is designated as a hedging instrument IFRS 9
IAS 39
March 15, 2019 Curing of a credit-impaired financial asset–IFRS 9 IFRS 9
March 15, 2019 Credit enhancement in the measurement of expected credit losses–IFRS 9 IFRS 9
March 15, 2019 Customer’s right to receive access to the supplier’s software hosted on the cloud–IAS 38 IAS 38
March 15, 2019 Liabilities in relation to a joint operator’s interest in a joint operation–IFRS 11 IFRS 11
March 15, 2019 Sale of output by a joint operator–IFRS 11 IFRS 11
January 22, 2019 Investments in a subsidiary accounted for at cost: Step acquisition–IAS 27 IAS 27
January 22, 2019 Investments in a subsidiary accounted for at cost: Partial disposal–IAS 27 IAS 27
January 22, 2019 Assessment of promised goods or services–IFRS 15 IFRS 15
January 22, 2019 Deposits relating to taxes other than income tax–IAS 37 IAS 37
September 24, 2018 Classification of a particular type of dual currency bond–IFRS 9
 IFRS 9
September 24, 2018 Expenditures on a qualifying asset–IAS 23
 IAS 23
September 24, 2018 Borrowing costs on land–IAS 21
 IAS 21
September 24, 2018 Determination of the exchange rate when there is a long-term lack of exchangeability–IAS 21
 IAS 21
June 12, 2018 Classification of short-term loans and credit facilities–IAS 7
 IAS 7
March 30, 2018 Right to payment for performance completed to date–IFRS 15
 IFRS 15
March 18, 2018 Revenue recognition in a real estate contract–IFRS 15
 IFRS 15
March 18, 2018 Revenue recognition in a real estate contract that includes the transfer of land–IFRS 15
 IFRS 15
March 13, 2018 Presentation of interest revenue for particular financial instruments–IFRS 9 and IAS 1
 IFRS 9
IAS 1
January 19, 2018 Contributing property, plant and equipment to an associate–IAS 28
 IAS 28
July 1, 2014 Disclosure requirements relating to assessment of going concern (IAS 1)
 IAS 1
July 1, 2010 Going concern disclosure (IAS 1)
 IAS 1