Agenda
The topics the IFRS Accounting Standards Discussion Group plans to consider, in addition to routine updates, are outlined below. Although current at the date prepared (July 30, 2024), this agenda is subject to change. The topics presented below may be discussed by the Group in a different order.
IFRS 9 and IFRS 16: Distinguishing Between a Lease Modification and an Extinguishment of a Lease Liability
- Discuss whether, following the amendment to paragraph 2.1(b)(ii) of IFRS 9, Financial Instruments, issued in July 2024, the derecognition requirements in IFRS 9 or the lease modification requirements in IFRS 16, Leases, apply for lessees when there is a change in consideration payable.
IFRS 18: Education Session
- Overview of the key requirements in IFRS 18, Presentation and Disclosure in Financial Statements.
IFRS 18: Implementation Issues
- Discuss the implications of adopting IFRS 18 on an entity’s financial statements, including early observations and application challenges, as well as system and process changes to consider as the effective date approaches.
IFRS 9: Derecognition of Financial Liabilities Settled Using Electronic Payment Systems
- Discuss the scope of the May 2024 amendments to IFRS 9 pertaining to the timing of the de-recognition of financial liabilities that are settled using electronic payment systems.
IFRS 8: Disclosure of Revenue and Expenses for Reportable Segments
- Discuss the IFRS Interpretations Committee’s agenda decision published in July 2024 about how an entity applies the requirements in paragraph 23 of IFRS 8, Operating Segments, to disclose for each reportable segment specified amounts related to segment profit or loss by an entity. The discussion will primarily focus on the extent of disclosure required by paragraph 23(f) on material items of income and expense.
If you wish to observe the meeting in person, please contact Jamie Goodman at [email protected] by August 29, 2024. Note that in-person observer spots are limited, and will be allocated on a first-come, first-served basis.
Please note: Attendance at this meeting and successful completion of a quiz may count toward your Continuing Professional Development (CPD) requirements. Upon completion of the quiz, you will be emailed a certificate for your records.