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  • 7 years ago
September 2011 IFRIC meeting summary

September 2011 IFRIC meeting summary

Wayne Upton and Michael Stewart give an overview of the issues discussed during the September 2011 IFRS Interpretations Committee meeting, including IAS 37 Provisions, Contingent Liabilities and Contingent Assets - Determining when to recognise a liability for levies, IAS 12 Income Tax - applying the rebuttable presumption to determine the manner of recovery of investment property, IFRS 10 Consolidated Financial Statements - transitional requirements, meaning of 'the date of initial application', IFRS 3 Business Combinations - definition of a business and IFRS 11 Joint Arrangements - acquisition of an interest in a joint operation.

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