International Accounting Standards Board: Developments in IFRS

Robert Garnett and Michael Stewart give an overview of the issues discussed during the January 2011 IFRS Interpretations Committee meeting, including accounting for production phase stripping costs in the mining industry, put options written over non-controlling interests, current/non current classification of debt (rollover agreements), and contingent pricing of property, plant and equipment and intangible assets.

Financial Instruments: Impairment and Income Taxes

Technical plan, Emissions Trading Schemes, Impairment, and Post-employment Benefits

Robert Garnett and Michael Stewart give an overview of the issues discussed at the November 2010 IFRS Interpretations Committee meeting, including put options written over non-controlling interests, current/non-current classification of debt, the Illustrative example 1 in IAS 41 relating to the issue of presentation of revenue, and vesting and non-vesting conditions.

Annual Improvements, Fair Value Measurement, Financial instruments: Amortised Cost and Impairment, Financial instruments: Hedge Accounting, Financial Statement Presentation, Financial Instruments with Characteristics of Equity, Leases, and Post-employment Benefits

Emissions Trading Schemes, Fair Value Option for Financial Liabilities, Financial Instruments: Hedge Accounting, Financial Instruments: Impairment, Financial Instruments with Characteristics of Equity, Liabilities, and Rate-regulated Activities

Robert Garnett and Michael Stewart give an overview of the issues discussed at the September 2010 IFRS Interpretations Committee meeting, including developments on vesting and non-vesting conditions of share-based payments, statutory employee profit sharing arrangements, put options written over non-controlling interests and identifying key management personnel.

Insurance, Leases, Rate-regulated Activity, Financial Instruments, Impairment, and Income Taxes

Robert Garnett and Michael Stewart give an overview of the issues discussed during the July 2010 IFRS Interpretations Committee meeting including accounting for waste removal costs of a surface mine, vesting and non-vesting conditions of share-based payments, accounting for put options written over non-controlling interests, amending the hard-wired dates in IFRS 1, reporting in accordance with IFRSs after a period of chronic hyperinflation and looking forward—Accounting for statutory profit sharing arrangements.

Balance Sheet—Offsetting, Insurance, Leases, and Liabilities

Robert Garnett and Michael Stewart give an overview of the issues discussed during the May 2010 IFRS Interpretations Committee meeting including Accounting for production stripping costs, Vesting and non-vesting conditions, Put options written over non-controlling interests, IFRS Interpretations Committee agenda decisions, IFRS Interpretations Committee tentative agenda decisions, Annual Improvements, and IFRS Interpretations Committee work in progress.

Robert Garnett and Michael Stewart give an introduction to the IFRS Interpretations Committee and provide an overview of its work

Insurance, Financial Statement Presentation, Leases, and Financial Instruments—Liabilities, and Consolidation

IAS 37–Liabilities, Derecognition, Consolidation and Insurance

Financial Instruments, Liabilities/Equity, and Disclosure/Presentation

Financial Instruments, Financial Statement Presentation, Insurance Contracts, and Leases