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  • IAS 38 — Compliance costs for 'REACH'
    amortisation IAS 36 Recoverable amount disclosures for non financial assets IAS 38 Compliance costs for REACH IAS 41 Bearer plants IAS 41 Fair value measurement issues in agriculture Impairment of assets Rate regulated activities Interim standard Info IAS 38 Compliance costs for REACH Background This IFRIC project was to consider how to account for costs incurred to comply with the requirements of the European Commission Regulation concerning the Registration Evaluation Authorisation and Restriction of Chemicals REACH The Regulation came into force in part on 1 June 2007 and was binding immediately on EU Member States Current status of the project After many months of deliberations IFRIC decided not to take this issue onto its agenda at its May 2009 meeting At that meeting it was noted that the staff paper was very well written and provided excellent background for the issue of how to account for REACH costs It was noted that REACH may be an issue for the educational division for producing guidance Related Discussions IAS 38 Compliance costs for REACH 08 Jul 2009 The IFRIC received a request to add an item to its agenda to provide guidance on the treatment of costs incurred to comply with the requirements of the European Regulation concerning the Registration Evaluation Authorisation and Restriction of Chemicals REACH IAS 38 Compliance costs for REACH 07 May 2009 IFRIC debated whether a project on compliance costs for REACH European Commission Regulation Concerning the Registration Evaluation Authorisation and Restriction of Chemicals should be added to IFRIC s agenda Compliance costs for REACH European Commission Regulation Concerning the Registration Evaluation Authorisation and Restriction of Chemicals 05 Mar 2009 The purpose of the discussion at the March 2009 IFRIC meeting is to decide whether this issue meets the criteria for being added to the IFRIC agenda although

    Original URL path: http://www.iasplus.com/en/projects/completed/assets/project141 (2016-02-10)
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  • IAS 38 — Items not added to the agenda
    32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13 Items not added to the agenda IFRS 14 Items not added to the agenda IFRIC 21 Items not added to the agenda IFRS Interpretations Committee agenda discussions Info IAS 38 Items not added to the agenda Background This page presents a summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 38 Intangible Assets together with the Committee s public explanation of the reasons for not adding those items to its agenda Related Discussions IAS 16 IAS 38 and IAS 17 Purchase of a right to use land 17 Sep 2012 The Interpretations Committee received a request to clarify whether the purchase of a right to use land should be accounted for as a purchase of property plant and equipment purchase of an intangible asset or lease of land IAS 38 Amortisation method 07 Jan 2010 The IFRIC received requests for guidance on the meaning of consumption of economic benefits when determining the appropriate amortisation method for an intangible asset with a finite useful life The methods considered in the submissions are the straight line method and the unit of production method including a revenue based unit of production method IAS 38 Compliance costs for REACH 08 Jul 2009 The IFRIC received a request to add an item to its agenda to provide guidance on the treatment of costs incurred to comply with the requirements of the European Regulation concerning the Registration Evaluation Authorisation and Restriction of Chemicals REACH IAS 38 Accounting by a real estate developer for sales costs during construction 06 May 2009 The IFRIC was asked to clarify how a real estate developer should account for selling and marketing costs incurred during construction that relate to the specific real estate construction project IAS 37 IAS 38 Regulatory assets and liabilities 05 Mar 2009 The IFRIC received a request to consider whether regulated entities could or should recognise a liability or an asset as a result of rate regulation by regulatory bodies or

    Original URL path: http://www.iasplus.com/en/projects/not-added/ias-38-not-added (2016-02-10)
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  • IAS 39 — Cash flow hedge accounting of forecast intragroup transactions
    Derecognition Financial instruments Effective date of IFRS 9 IAS 21 Hedging a net investment IAS 32 Classification of instruments denominated in a foreign currency IAS 32 Classification of rights issues IAS 32 Members shares in co operative entities IAS 32 Puttable financial instruments IAS 32 IAS 39 Improvements to IASC financial instruments standards IAS 39 Cash flow hedge accounting of forecast intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 39 Cash flow hedge accounting of forecast intragroup transactions Background In this project the IASB sought to amend IAS 39 Financial Instruments Recognition and Measurement to clarify the treatment in consolidated financial statements of a foreign currency cash flow hedge of a highly probable forecast external transaction denominated in the functional currency of the group entity e g a subsidiary entering into the transaction Current status of the project This project has been completed The IASB issued Cash Flow Hedge Accounting of Forecast Intragroup Transactions Amendments to IAS 39 on 14 April 2005

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/ias-39-cash-flow-hedge-accounting-of-forecast-intragroup-transactions (2016-02-10)
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  • IAS 39 — Exposures qualifying for hedge accounting
    IAS 21 Hedging a net investment IAS 32 Classification of instruments denominated in a foreign currency IAS 32 Classification of rights issues IAS 32 Members shares in co operative entities IAS 32 Puttable financial instruments IAS 32 IAS 39 Improvements to IASC financial instruments standards IAS 39 Cash flow hedge accounting of forecast intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 39 Exposures qualifying for hedge accounting Background Following a request from the then International Financial Reporting Interpretations Committee IFRIC the IASB decided to clarify the requirements of IAS 39 Financial Instruments Recognition and Measurement in relation to exposures qualifying for hedge accounting and to provide additional guidance by specifying eligible risks and portions of cash flows Current status of the project This project has been completed The IASB issued Eligible Hedged Items Amendment to IAS 39 on 30 July 2008 Project milestones Date Development Comments 6 September 2007 Exposure Draft published Comment deadline 11 January 2008 30 July 2008 Eligible Hedged

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/ias-39-2013-exposures-qualifying-for-hedge-accounting (2016-02-10)
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  • IAS 39 — Fair value option
    Classification of instruments denominated in a foreign currency IAS 32 Classification of rights issues IAS 32 Members shares in co operative entities IAS 32 Puttable financial instruments IAS 32 IAS 39 Improvements to IASC financial instruments standards IAS 39 Cash flow hedge accounting of forecast intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 39 Fair value option Background The IASB received comments from regulators about the permission in IAS 39 Financial Instruments Recognition and Measurement to designate any financial asset or financial liability as one to be measured at fair value with changes in fair value reported in profit or loss the fair value option Consequently the Board considered amending IAS 39 so that the fair value option could be applied only in specified circumstances The specified circumstances would be those that the Board had in mind when it developed the option i e for a financial asset or financial liability that is reliably measurable and meets one of the following The item is a financial asset or financial liability that contains one or more embedded derivatives as described in paragraph 10 of IAS 39 The item is a financial liability whose amount is contractually linked to the performance of assets that are measured at fair value The exposure to a change in the fair value of the financial asset or financial liability is substantially offset by the exposure to the change in the fair value of another financial asset or financial liability including a derivative Current status of the project This project has been completed The IASB issued The Fair Value Option Amendments to IAS 39 on 15 June 2005 Project milestones Date Development Comments 21 April 2004 Exposure draft Amendments to IAS 39 Financial Instruments Recognition and Measurement The Fair Value Option published Comment deadline 21 July 2004 16 March 2005 Public roundtables held 15 June 2005 The Fair Value Option Amendments to IAS 39 issued Effective for annual periods beginning on or after 1 January 2006 Quick links IAS 39 Financial Instruments Recognition and Measurement Related news Deloitte comment letter on the fair value option for financial liabilities 17 Jul 2010 Deadline reminder EDs on reporting entitity and fair

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/ias-39-fair-value-option (2016-02-10)
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  • IAS 39 — Items not added to the agenda
    the delivery of future services IAS 39 Classification of a GDP linked security 17 Sep 2012 The Interpretations Committee received a request for guidance on the appropriate accounting for the GDP linked security that was offered as part of the restructuring of Greek Government bonds GGB IAS 39 Derecognition of financial instruments upon modification 17 Sep 2012 The Interpretations Committee received a request for guidance on the circumstances in which the restructuring of Greek government bonds GGB should result in derecognition in accordance with IAS 39 of the whole asset or only part of it IAS 39 Impairment of financial assets reclassified from available for sale to loans and receivables 07 Jul 2010 The Committee received a request for guidance on how an entity should account for the impairment of financial assets with a fixed maturity after they have been reclassified from the available for sale AFS category to loans and receivables IAS 39 Unit of account for forward contracts with volumetric optionality 04 Mar 2010 The IFRIC received a request to add an item to its agenda on providing guidance on whether a contract that a obliges an entity to deliver sell at a fixed price a fixed number of units of a non financial item that is readily convertible to cash and b that provides the counterparty with the option to purchase also at a fixed price a fixed number of additional units of the same item can be assessed as two separate contracts for the purpose of applying paragraphs 5 7 of IAS 39 IAS 39 Meaning of Significant or prolonged 08 Jul 2009 The IFRIC received a request to provide guidance on the meaning of significant or prolonged as described in paragraph 61 in recognising impairment on available for sale equity instruments in accordance with IAS 39 IAS 39 Hedging using more than one derivative as the hedging instrument 08 Jul 2009 The IFRIC received a request for guidance on how to apply the guidance in Q A F 2 1 in the Guidance on Implementing IAS 39 Whether a derivative can be designated as a hedged item when an entity issues fixed interest rate foreign currency debt and then swaps it into floating interest rate local currency debt using a cross currency interest rate swap IAS 39 Classification of failed loan syndications 06 May 2009 The IFRIC was asked whether a loan amount resulting from a loan syndication that the originator intends to sell in the near term must always be classified as held for trading The question arises when loans are originated with an intention of syndication but the arranger fails to find sufficient commitments from other participants failed syndications IAS 39 Participation rights and calculation of the effective interest rate 06 May 2009 The IFRIC was asked for guidance on how an issuer should account for a financial liability that contains participation rights by which the instrument holder shares in the net income and losses of the issuer IAS 39 Fair value measurements

    Original URL path: http://www.iasplus.com/en/projects/not-added/ias-39-not-added (2016-02-10)
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  • IAS 39 — Macro hedging
    instruments Derecognition Financial instruments Effective date of IFRS 9 IAS 21 Hedging a net investment IAS 32 Classification of instruments denominated in a foreign currency IAS 32 Classification of rights issues IAS 32 Members shares in co operative entities IAS 32 Puttable financial instruments IAS 32 IAS 39 Improvements to IASC financial instruments standards IAS 39 Cash flow hedge accounting of forecast intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 39 Macro hedging Background Based on the comments received and a series of public roundtable discussions held in March 2003 the IASB launched intensive discussions with interested parties including banking representatives to find a way within the principles of IAS 39 Financial Instruments Recognition and Measurement to accommodate the use of fair value hedge accounting for a portfolio hedge of interest rate risk sometimes called macro hedging Current status of the project This project has been completed Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk Amendments to IAS

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/ias-39-macro-hedging (2016-02-10)
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  • IAS 39 — Reassessment of embedded derivatives
    Effective date of IFRS 9 IAS 21 Hedging a net investment IAS 32 Classification of instruments denominated in a foreign currency IAS 32 Classification of rights issues IAS 32 Members shares in co operative entities IAS 32 Puttable financial instruments IAS 32 IAS 39 Improvements to IASC financial instruments standards IAS 39 Cash flow hedge accounting of forecast intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 39 Reassessment of embedded derivatives Background The IFRIC project considers whether the requirement in IAS 39 Financial Instruments Recognition and Measurement to assess whether there is an embedded derivative which must be separated is required to be reassessed and if so how often Current status of the project This project has been completed IFRIC 9 Reassessment of Embedded Derivatives was issued on 1 March 2006 Project milestones Date Development Comments 31 March 2005 IFRIC D15 Reassessment of Embedded Derivatives published Comment deadline 31 May 2005 1 March 2006 IFRIC 9 Reassessment of Embedded Derivatives issued Effective

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/ias-39-embedded (2016-02-10)
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