IFRS update - November 2022
This series of publications sets out the current standards, amendments and interpretations in issue by the International Accounting Standards Board, effective now and beyond.
The publications include:
- Overviews of the new and amended standards and interpretations in issue
- Summaries of the requirements of each new and amended standard
- Details on post-implementation review (PIRs)
- Summaries of other useful publications for IFRS reporters
What’s new for November 2022
Published by the IFRS Interpretations Committee, including summary of the requirements:
- Compilation of Agenda Decisions – Volume 6, covering:
- IFRS 9 Financial Instruments and IAS 20 Accounting for Government Grants and Disclosure of Government Assistance – TLTRO III Transactions (March 2022);
- IFRS 16 Leases – Economic Benefits from Use of a Windfarm (December 2021); and
- IAS 7 Statement of Cash Flows – Demand Deposits with Restrictions on Use arising from a Contract with a Third Party (April 2022).
- Compilation of Agenda Decisions – Volume 7, covering:
- IFRS 2 Share-based Payment and IAS 32 Financial Instruments: Presentation – Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition (October 2022);
- IFRS 9 Financial Instruments and IFRS 16 Leases – Lessor Forgiveness of Lease Payments (October 2022);
- IFRS 15 Revenue from Contracts with Customers – Principal versus Agent: Software Reseller (May 2022);
- IFRS 17 Insurance Contracts – Transfer of Insurance Coverage under a Group of Annuity Contracts (July 2022);
- IFRS 17 Insurance Contracts and IAS 21 The Effects of Changes in Foreign Exchange Rates – Multi-currency Groups of Insurance Contracts (October 2022);
- IAS 32 Financial Instruments: Presentation – Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (July 2022); and
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Negative Low Emission Vehicle Credits (July 2022).
