IFRS Interpretations Committee podcast archive

This is the archive for the IFRS Interpretations Committee podcast. From here you can download historical recordings.

The tables below contains past IFRS Interpretations Committee podcast recordings: the Date column links to the associated meeting page; Topics covered gives a brief overview of the podcast content; and the Link column provides the direct download links.

2015

Date	Topics covered	Link
November 2015	Michael Stewart, Jawaid Dossani, April Pitman and Bernadette Whittick give an overview of some of the issues discussed at the November 2015 IFRS Interpretations Committee meeting, including IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets—Variable payments for asset purchases, IAS 2 Inventories—Prepayments in long-term supply contracts and IAS 32 Financial Instruments: Presentation—Offsetting and cash pooling.
September 2015	Michael Stewart, Takashi Yamagami, Jawaid Dossani and Bernadette Whittick give an overview of some of the issues discussed at the September 2015 IFRS Interpretations Committee meeting, including IFRS 5 Non-current Assets held for Sale and Discontinued Operations—Allocation of impairment losses to non-current assets within a disposal group and presentation of intragroup transactions between continuing and discontinued operations, IFRS 11 Joint Arrangements—Remeasurement of previously held interests in various transactions, IAS 39 Financial Instruments: Recognition and Measurement—Separation of an embedded interest rate floor from a floating rate host contract in a negative interest rate environment, and IFRS 9: Financial Instruments and IAS 28: Investments in Associates and Joint Ventures: Impairment of long-term interests.
July 2015	Michael Stewart, Jawaid Dossani, Denise Durant and Akemi Miura give an overview of some of the issues discussed at the July 2015 IFRS Interpretations Committee meeting, including IAS 23 Borrowing Costs—Borrowing costs on completed qualifying assets, IFRS 2 Share-based Payment—Clarification and measurement of share-based payment transactions and IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction: Should an entity assume continuation of a minimum funding requirement for contributions relating to future service?
March 2015	Michael Stewart, Hannah King, Jooeun Chung and Takashi Yamagami give an overview of some of the issues discussed at the March 2015 IFRS Interpretations Committee meeting, including IAS 21 The Effects of Changes in Foreign Exchange Rates—Draft Interpretation Foreign Currency Transactions and Advance Consideration:  What is the date of the transaction for the purpose of identifying the applicable exchange rate?, IAS 12 Income Taxes—Exposure Draft Recognition of deferred tax assets for unrealised losses (Proposed amendments to IAS 12), IFRS 11 Joint Arrangements—Classification of joint arrangements: the assessment of ‘other facts and circumstances’ and IFRS 11 Joint Arrangements—Accounting by the joint operator: recognition of revenue by a joint operator.
January 2015	Michael Stewart, Hannah King, Shandhir Lachman and Denise Durant give an overview of some of the issues discussed at the January 2015 IFRS Interpretations Committee meeting, including IAS 21 The Effects of Changes in Foreign Exchange Rates–Transactions denominated in a foreign currency that involve a prepayment: Identifying the applicable exchange rate, IFRS 13 Fair Value Measurement–the fair value hierarchy when third-party consensus prices are used, and IAS 40 Investment property–Should an investment property under construction be transferred from inventory to investment property when there is an evident change in use?

Please use the links below to navigate through the archive and find older episodes of the podcast.

• 2014

Date	Description	Link
November 2014	Michael Stewart, April Pitman, Hannah King and Koichiro Kuramochi give an overview of some of the issues discussed at the November 2014 IFRS Interpretations Committee meeting, including IAS 2 Inventories—Should interest be accreted on prepayments in long-term supply contracts, IAS 21 The Effects of Changes in Foreign Exchange Rates—Revenue transaction denominated in a foreign currency: What is the date of the transaction for the purpose of identifying the applicable exchange rate for revenue recognition? IAS 16 Property, Plant and Equipment—Accounting for net proceeds and costs of testing for property, plant and equipment.
September 2014	Michael Stewart, Akemi Miura, Koichiro Kuramochi and Denise Durant give an overview of some of the issues discussed at the September 2014 IFRS Interpretations Committee meeting, including IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction—availability of refunds from a defined benefit plan managed by an independent trustee, IAS 28 Investments in Associates and Joint Ventures—fund manager’s significant influence over a fund and IFRS 12 Disclosure of Interests in Other Entities—disclosures for a subsidiary with a material non-controlling interest and for a material joint venture or associate.
July 2014	Michael Stewart, Won-Hee Han, Irina Makarova and Koichiro Kuramochi give an overview of some of the issues discussed at the July 2014 IFRS Interpretations Committee meeting, including IFRS 11 Joint Arrangements—analysis of implementation issues, IAS 12 Income Taxes—measurement of current income tax on uncertain tax position and IAS 16 Property, Plant and Equipment—accounting for proceeds and costs of testing on PPE.
May 2014	Michael Stewart, Leo Piombino and Akemi Miura give an overview of some of the issues discussed at the May 2014 IFRS Interpretations Committee meeting, including IAS 12 Income Taxes—threshold of recognition of an asset in the situation in which the tax position is uncertain, IAS 19 Employee Benefits—remeasurement at a plan amendment or curtailment, IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction—availability of refunds from a defined benefit plan managed by an independent trustee.
March 2014	Michael Stewart, Won-Hee Han, Irina Makarova, Koichiro Kuramochi and Denise Durant give an overview of some of the issues discussed at the March 2014 IFRS Interpretations Committee meeting, including IFRS 11 Joint Arrangements– classification of joint arrangements, IAS 2 Inventories and IAS 16 Property, Plant and Equipment – ‘core’ inventories’, IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors—distinction between a change in an accounting policy and a change in an accounting estimate and IAS 34 Interim Financial Reporting—condensed statement of cash flows.
January 2014	Michael Stewart, Leo Piombino, Denise Durant, Won-Hee Han and Koichiro Kuramochi give an overview of some of the issues discussed at the January 2014 IFRS Interpretations Committee meeting, including IAS 12 Income Taxes – Threshold of recognition of an asset on uncertain tax position, IAS 1 Presentation of Financial Statements – Issues related to the application of IAS 1, IFRS 11 Joint Arrangements– classification of joint arrangements, IFRS 10 Consolidated Financial Statements – An investment entity subsidiary that also provides investment-related services.

 

• 2013

 

Date	Description	Link
March 2013	Michael Stewart, Ken Yoshimura, April Pitman, Leo Piombino, and Won-Hee Han give an overview of some of the issues discussed at the March 2013 IFRS Interpretations Committee meeting, including IFRS 2 Share-Based Payment – Share-based payment awards settled net of tax withholdings, IFRS 10 Consolidated Financial Statements – Effect of protective rights on an assessment of control, IAS 19 Employee Benefits—Actuarial assumptions: discount rate and IAS 28 Investments in Associates and Joint Ventures – Elimination of gains arising from a transaction between a joint venturer and its joint venture.
May 2013	Michael Stewart, Thomas Harzheim, Denise Durant and Leonardo Piombino give an overview of some of the issues discussed at the May 2013 IFRS Interpretations Committee meeting, including IAS 12 Income Taxes—Recognition of deferred tax assets for unrealised losses, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations—classification in conjunction with a planned IPO, but where the prospectus has not been approved by the securities regulator, IFRS 5 Non-current Assets held for Sale and Discontinued Operations—Change of Disposal method and IAS 19 Employee Benefits—Actuarial assumptions: discount rate.
July 2013	Michael Stewart, Liz Figgie, Leo Piombino and Patrick Le Flao give an overview of some of the issues discussed at the July 2013 IFRS Interpretations Committee meeting, including IAS 32 Financial Instruments: Presentation—Classification of a financial instrument that is mandatorily convertible into a variable number of shares (subject to a cap and a floor) but gives the issuer the option to settle by delivering the maximum (fixed) number of shares, IAS 32 Financial Instruments: Presentation—Classification of a financial instrument that is mandatorily convertible into a variable number of shares upon a contingent ‘non-viability’ event, IAS 19 Employee Benefits—Actuarial assumptions: discount rate, IFRS 7 Financial Instruments: Disclosures: applicability of the amendments to IFRS 7 to condensed interim financial statements and IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements—transitional provisions in respect of impairment, foreign exchange and borrowing costs.
September 2013	Michael Stewart, Kazu Sakaguchi, Denise Durant and Won-Hee Han give an overview of some of the issues discussed at the September 2013 IFRS Interpretations Committee meeting, including IAS 19 Employee Benefits—Exposure Draft Defined Benefit Plans: Employee Contributions, IFRS 2 Share-based Payment—measurement of cash-settled share-based payment transactions that include a performance condition, IFRS 2—price difference between the institutional offer price and the retail offer price for shares in an initial public offering and IFRS 5 Non-current Assets Held for Sale and Discontinued Operations—Write-down of a disposal group and reversal of impairment losses relating to goodwill recognised for a disposal group.
November 2013	Michael Stewart, Koichiro Kuramochi, Anna Heining and Won-Hee Han give an overview of some of the issues discussed at the November 2013 IFRS Interpretations Committee meeting, including IFRS 10 Consolidated Financial Statements: Investment Entities Amendments – Definition of investment-related services or activities, IAS 17 Leases – Meaning of ‘incremental costs’, IAS 39 Financial Instruments: Recognition and Measurement – Accounting for a term-structure repo transaction and IFRS 11 Joint Arrangements – Summary of outreach on implementation issues.

 

• 2012

 

Date	Description	Link
January 2012	Michael Stewart, Gary Berchowitz and Patrick Le Flao give an overview of the issues discussed in the January 2012 IFRS Interpretations Committee meeting, including IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Determining when to recognise a liability for levies, IAS 28 Investments in Associates and Joint Ventures – accounting for associate’s changes in equity, IAS 32 Financial Instruments: Presentation – accounting for put options written over shares held by non-controlling interests, IAS 2 Inventories – long-term prepayments for inventory supply contracts and Annual Improvements – deliberation of comments received on exposure draft.
March 2012	Michael Stewart, Gary Berchowitz and Denise Durant give an overview of the issues discussed in the March 2012 IFRS Interpretations Committee meeting, including IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Determining when to recognise a liability for levies, IFRIC 12 Service Concession Arrangements - How to account for contractual payments made by operator under service concession arrangement, IAS 1 Presentation of Financial Statements – Presentation of expense for non-income taxes, IAS 12 Income Taxes – Accounting for the tax effects of market value uplifts allowed by new tax legislation for tax depreciation purposes, IAS 16 Property, Plant and Equipment / IAS 38 Intangible Assets – Revenue-based depreciation and amortisation, IFRS 11 Joint Arrangements – Purchase of an interest in a joint operation that contains a business, IAS 7 Statement of Cash Flows – Cash flow classification.
May 2012	Michael Stewart, Martin Friedhoff, Patrick Le Flao and Liz Figgie give an overview of the issues discussed in the May 2012 IFRS Interpretations Committee meeting, including IAS 39 Financial Instruments: Recognition and Measurement – Accounting for different aspects of restructuring Greek Government Bonds, IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Determining when to recognise a liability for levies and IAS 32 Financial Instruments: Presentation – Put options written over non-controlling interests.
July 2012	Michael Stewart, Martin Friedhoff and Patrick Le Flao give an overview of the issues discussed in the July 2012 IFRS Interpretations Committee meeting, including IFRS 10 Consolidated Financial Statements, IAS 28 Investments in Associates and Joint Ventures—Accounting for the loss of control of a group of assets or a subsidiary between an investor and its associate or joint venture, IAS 39 Financial Instruments: Recognition and Measurement—Scope of paragraph AG5 and IAS 7 Statement of Cash Flows—Examples illustrating the classification of cash flows.
September 2012	Michael Stewart, Ken Yoshimura and Kazu Sakaguchi  give an overview of some of the issues discussed at the September 2012 IFRS Interpretations Committee meeting, including IAS 19 Employee Benefits—Accounting for contribution-based promises: reconsideration of Draft Interpretation D9 Employee Benefit Plans with a Promised Return on Contributions or Notional Contributions, IAS 39 Financial Instruments: Recognition and Measurement Income and expenses arising on financial instruments with a negative yield—presentation in the statement of comprehensive income, IAS 19 Employee Benefits—Measurement of the net defined benefit obligation (DBO) for post-employment benefit plans with employee contributions and IAS 40 Investment Property—Accounting for a structure that appears to lack the physical characteristics of a building
November 2012	Michael Stewart, April Pitman, Leo Piombino and Patrick Le Flao give an overview of some of the issues discussed at the November 2012 IFRS Interpretations Committee meeting, including IAS 1 Presentation of Financial Statements—Disclosures about going concern, IAS 19 Employee Benefits—Actuarial assumptions: discount rate and IAS 37 Provisions, Contingent liabilities and Contingent Assets—Interpretation on levies.

 

• 2011

 

Date	Description	Link
January 2011	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 PPE and intangible assets.
March 2011	Robert Garnett and Michael Stewart give an overview of the issues discvussed 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, contingent pricing of PPE and intangible assets, and clarification of meaning of continuous transfer.
May 2011	Robert Garnett and Michael Stewart give an overview of the issues discussed during the May 2011 IFRS Interpretations Committee meeting, including IAS 19 Employee Benefits—Defined contribution plans with vesting conditions, IAS 7 Statement of Cash Flows—classification of interest paid that is capitalised as part of the cost of an asset, IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 6 Liabilities arising from Participating in a Specific Market— Waste Electrical and Electronic Equipment—use of IFRIC 6 by analogy.
July 2011	Robert Garnett and Michael Stewart give an overview of the issues discussed during the July 2011 IFRS Interpretations Committee meeting, including consideration of when to recognise a liability (and associated charge) for levies (IAS 37 Provisions, Contingent Liabilities and Contingent Assets), determining when the purchase of an investment property is a business combination (IFRS 3 Business Combinations and IAS 40 Investment Property), consideration of how to account for the acquisition of an interest in a joint operation where that joint operation carries on a business (IFRS 11 Joint Arrangements) and a discussion of concerns relating to the aggregation of operating segments and the identification of the Chief Operating Decision Maker in the context of segment disclosures (IFRS 8 Operating Segments).
September 2011	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.
November 2011	Michael Stewart and Gary Berchowitz give an overview of the issues discussed in the November 2011 IFRS Interpretations Committee meeting, including IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Determining when to recognise a liability for levies, IAS 19 Employee Benefits – applying the definition of termination benefits, IAS 38 Intangible Assets and IFRIC 12 Service Concession Arrangements – Selection of amortisation method, IFRIC 15 Agreements for the Construction of Real Estate – clarification of the meaning of continuous transfer, IFRIC 12 – Payments made by the operator in a service concession arrangement

 

• 2010

 

Date	Description	Link
May 2010	Robert Garnett and Michael Stewart give an introduction to the IFRS Interpretations Committee and provide an overview of its work.
May 2010	Robert Garnett and Michael Stewart give an overview of the issues discussed during the May 2010 IFRS Interpretations Committee meeting.
July 2010	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.
September 2010	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.
November 2010	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.