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
|