Michael Stewart, April Pitman, Hannah King and Koichiro Kuramochi give an overview of some of the issues discussed at the November 2014 IFRS Interpretations Committee meeting, including IAS 2 Inventories—Should interest be accreted on prepayments in long-term supply contracts? IAS 21 The Effects of Changes in Foreign Exchange Rates—Revenue transaction denominated in a foreign currency—What is the date of the transaction for the purpose of identifying the applicable exchange rate for revenue recognition? IAS 16 Property, Plant and Equipment—Accounting for net proceeds and costs of testing for property, plant and equipment.

Research Project, Disclosure Initiative, Leases, Conceptual Framework, Insurance Contracts.

Darrel Scott, IASB member, and Andrea Pryde, IASB staff, summarise the tentative decisions from the October 2014 IASB meeting. Those decisions address transition requirements for contracts with no participating features.

Research Project, Disclosure Initiative, Leases, Conceptual Framework, and Insurance Contracts

Disclosure Initiative, Insurance Contracts, Conceptual Framework, including Materiality, Long-term Investing, Equity and liabilities, and Post-implementation Review IFRS 3 Business Combinations.

Michael Stewart, Akemi Miura, Koichiro Kuramochi and Denise Durant give an overview of some of the issues discussed at the September 2014 IFRS Interpretations Committee meeting, including IFRIC 14 IAS 19, IAS 28 Investments in Associates and Joint Ventures and IFRS 12 Disclosure of Interests in Other Entities.

Michael Stewart, Akemi Miura, Koichiro Kuramochi and Denise Durant give an overview of some of the issues discussed at the September 2014 IFRS Interpretations Committee meeting, including IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction—Availability of refunds from a defined benefit plan managed by an independent trustee, IAS 28 Investments in Associates and Joint Ventures—Fund manager’s significant influence over a fund and IFRS 12 Disclosure of Interests in Other Entities—Disclosures for a dubsidiary with a material non-controlling interest and for a material joint venture or associate.

Disclosure Initiative, Insurance Contracts, Conceptual Framework (Materiality, Long-term Investing, Equity and Liabilities), and Post-implementation Review IFRS 3: Business Combinations

Darrel Scott, IASB member, and Andrea Pryde, IASB staff, summarise the preliminary discussion on contracts with participating features as well as tentative decisions from the July 2014 IASB meeting.

Darrel Scott, IASB member, and Andrea Pryde, IASB staff, summarise the preliminary discussion on contracts with participating features as well as tentative decisions from the July 2014 IASB meeting.