IFRIC agenda decisions

Our latest insights on the IFRS Interpretations Committee and its decisions

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Companies applying IFRS^®Accounting Standards are required to reflect the explanatory material included in final agenda decisions made by the IFRS Interpretations Committee.

The issues discussed by the Committee are significant, so the potential impact of any resulting accounting policy changes on your company’s financial statements could be material – and any such changes may need to be made in your next financial statements.

Here we track some of the key issues discussed and provide more background on the role and authority of the Committee.

Video briefings

A video series with Brian O’Donovan, summarising key discussions at the IFRS Interpretations Committee

Read the transcript (PDF 231 KB)

IFRIC meeting	Agenda item	Transcript	Status
December 2023	Climate-related commitments \| Accounting for net zero (part one)	Transcript (PDF 144 KB)	Final – see IFRS – IFRIC Update March 2024
November 2022	Definition of a lease and substitution rights	Transcript (PDF 268 KB)	Final – see IFRS - IFRIC Update March 2023
June 2022	Electronic payments	Transcript (PDF 300 KB)	Not finalised – IASB to explore narrow-scope standard setting – see IFRS - IASB and joint IASB–FASB Update September 2022
March 2022	SPAC transactions	Transcript (PDF 242 KB)	Final – see IFRS - IFRIC Update September 2022
February 2022	Does an emissions scheme create an obligation?	Transcript (PDF 244 KB)	Final – see IFRS - IFRIC Update June 2022
June 2021	Wind farm energy	Transcript (PDF 308 KB)	Final – see IFRS - IFRIC Update November 2021
April 2021	Classification of debt as current or non-current	Transcript (PDF 207 KB)	Amendments to IAS 1 issued – see KPMG web article
March 2021	Cloud computing	Transcript (PDF 281 KB)	Final – see IFRS - IFRIC Update March 2021
February 2021	Going concern, inventory valuation and sale and leaseback	Transcript (PDF 217 KB)	Going concern and inventory valuation: Final – see IFRS - IFRIC Update June 2021 Sale and leaseback: Referred to the IASB and did not proceed further
December 2020	Reverse factoring, cloud computing and classification of debt	Transcript (PDF 56 KB)	Reverse factoring: Final – see IFRS - IFRIC Update December 2020 Cloud computing: Final – see IFRS - IFRIC Update March 2021 Classification of debt: Amendments to IAS 1 issued – see KPMG web article

About IFRIC agenda decisions

IFRIC agenda decisions

Companies need to engage with IFRIC discussions

IFRIC Updates – Regulators are paying attention; are you?

Keep an eye on the Committee’s output