IFRS IC Agenda Decisions

IFRS Interpretations Committee Agenda Decisions

An IFRS Interpretations Committee agenda decision explains why a standard-setting project has not been added to the IFRS IC work plan and, in many cases, includes explanatory material. The objective of including such explanatory material is to improve the consistency of application of IFRS Accounting Standards.

Agenda decisions (including any explanatory material contained within them) cannot add or change requirements in IFRS Accounting Standards. Instead, explanatory material explains how the applicable principles and requirements in IFRS Accounting Standards apply to the transaction or fact pattern described in the agenda decision.

Explanatory material derives its authority from the Accounting Standards themselves. Accordingly, an entity is required to apply the applicable IFRS Accounting Standard(s), reflecting the explanatory material in an agenda decision (subject to sufficient time for the entity to implement that accounting).

As Australian Accounting Standards incorporate IFRS Accounting Standards, entities are expected to reflect the explanatory material in an agenda decision in applying the relevant Standards.

Tables of IFRS IC Agenda Decisions by AASB Pronouncement

These tables identify when there are IFRS IC agenda decisions relating to an Australian Accounting Standard or Interpretation that corresponds with an IFRS Accounting Standard or IFRIC Interpretation. The tables list the date of the latest agenda decision relevant to each pronouncement. Each date is linked to the page on the IASB website that provides all of the agenda decisions relating to the IFRS Accounting Standard or IFRIC Interpretation, not just the latest one. Showing the latest date here should help website users identify when there are new agenda decisions relating to a Standard or Interpretation that they haven’t seen previously.

The IFRS Foundation publishes the IFRS IC agenda decisions as supporting materials for each IFRS Accounting Standard and IFRIC Interpretation. Those listings can be accessed by the following links:  Supporting materials for IFRS Accounting Standards and Supporting materials for IFRIC Interpretations.

The IFRS Foundation also publishes IFRS IC agenda decisions listed by date or by periodic compilation (the eighth compilation was published in May 2023). These lists can be accessed by the following link:  IFRS Interpretations Committee – Agenda Decisions

Standards

AASB No.

Title

IFRS IC
Agenda Decisions
(Latest Date)

1

First-time Adoption of Australian Accounting Standards

Sep 2017

2

Share-based Payment

Oct 2022

3

Business Combinations

Oct 2022

4

Insurance Contracts

Jan 2010

5

Non-current Assets Held for Sale and Discontinued Operations

Jan 2016

6

Exploration for and Evaluation of Mineral Resources

Jan 2006

7

Financial Instruments: Disclosures

Dec 2020

8

Operating Segments

none

9

Financial Instruments

Oct 2023

10

Consolidated Financial Statements

Mar 2017

11

Joint Arrangements

Mar 2019

12

Disclosure of Interests in Other Entities

Mar 2019

13

Fair Value Measurement

Jan 2015

14

Regulatory Deferral Accounts

none

15

Revenue from Contracts with Customers

May 2022

16

Leases

Apr 2023

17

Insurance Contracts

Oct 2023

101

Presentation of Financial Statements

Dec 2020

102

Inventories

Jun 2021

107

Statement of Cash Flows

Apr 2022

108

Accounting Policies, Changes in Accounting Estimates and Errors

Jan 2019

110

Events after the Reporting Period

Jun 2021

112

Income Taxes

Jun 2020

116

Property, Plant and Equipment

Nov 2019

119

Employee Benefits

May 2021

120

Accounting for Government Grants and Disclosure of Government Assistance

Mar 2022

121

The Effects of Changes in Foreign Exchange Rates

Oct 2022

123

Borrowing Costs

Mar 2019

124

Related Party Disclosures

May 2015

127

Separate Financial Statements

Jan 2024

128

Investments in Associates and Joint Ventures

Jan 2018

129

Financial Reporting in Hyperinflationary Economies

Mar 2020

132

Financial Instruments: Presentation

Oct 2022

133

Earnings per Share

Jun 2017

134

Interim Financial Reporting

Jul 2014

136

Impairment of Assets

May 2016

137

Provisions, Contingent Liabilities and Contingent Assets

Jul 2022

138

Intangible Assets

Apr 2021

139

Financial Instruments: Recognition and Measurement

Mar 2019

140

Investment Property

none

141

Agriculture

Sep 2019

 

Interpretations

Int. No.

Title

IFRS IC
Agenda Decisions
(Latest Date)

1

Changes in Existing Decommissioning, Restoration and Similar Liabilities

none

2

Members’ Shares in Co-operative Entities and Similar Instruments

none

5

Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds

none

6

Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment

none

7

Applying the Restatement Approach under AASB 129 Financial Reporting in Hyperinflationary Economies

none

10

Interim Financial Reporting and Impairment

none

12

Service Concession Arrangements

Sep 2016

14

AASB 119 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction

Jul 2015

16

Hedges of a Net Investment in a Foreign Operation

none

17

Distributions of Non-cash Assets to Owners

none

19

Extinguishing Financial Liabilities with Equity Instruments

none

20

Stripping Costs in the Production Phase of a Surface Mine

none

21

Levies

Jan 2015

22

Foreign Currency Transactions and Advance Consideration

none

23

Uncertainty over Income Tax Treatments

Sep 2019

107

Introduction of the Euro

none

110

Government Assistance – No Specific Relation to Operating Activities

none

125

Income Taxes – Changes in the Tax Status of an Entity or its Shareholders

none

129

Service Concession Arrangements: Disclosures

none

132

Intangible Assets – Web Site Costs

none



Subscribe for updates Subscribe