BDO releases online training course on September 2021 IFRIC meeting
BDO has released an interactive online training course on the two September 2021 IFRS Interpretations Committee (“IFRIC”) meeting agenda decisions forwarded to the International Accounting Standards Board (“IASB”) for consideration.
You can access the course here under “IFRIC Meeting Summaries”.IFRIC agenda decisions are those issues that the IFRIC decided not to take onto its agenda. Although not authoritative guidance, in practice they are regarded as being highly persuasive, and all entities reporting under IFRS (and NZ IFRS in New Zealand) should be aware of these decisions because they could impact the way particular transactions and balances are accounted for.
The two agenda decisions cover:
- Non-refundable Value Added Tax (VAT) on lease payments
- Accounting for warrants that are classified as financial liabilities on initial recognition (IAS 32 Financial Instruments: Presentation)
For more on the above, please contact your local BDO representative.
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