IFRS Discussion Group Meeting 

Meetings are open to the public and recorded, but portions may be held in camera at the discretion of the Chair. 

October 5, 2017 
Time: 10:00 am to 2:45 pm
Location: Halifax Marriott Habourfront Hotel
                  Halifax Ballroom AB
                 1919 Upper Water Street. 
                 Halifax, NS B3J 3J5

Public Observation:
Complete the Observer Registration Form
                                    Read the Guidelines for Observers 

Revised Agenda 

The topics the IFRS Discussion Group plans to consider, in addition to routine updates, are outlined below. Although current at the date prepared September 21, 2017), this agenda is subject to change. The topics presented below may be discussed by the Group in a different order.

If the topics are relevant to your professional work, attending the public meeting would qualify as Continuing Professional Development (CPD).  Contact your CPA provincial body for any questions about CPD hours. 

IFRS 9, IFRS 15 and IAS 34: Disclosing the Effects of Adopting New Standards 
  • For 2018 interim reporting periods, discuss what entities should consider disclosing regarding the effects of adopting IFRS 9 Financial instruments and IFRS 15 Revenue from Contracts with  Customers on or after January 1, 2018. 

IFRS 16: Lease Term

  • Consider what constitutes reasonably certain when determining a lease term and discuss when a significant event or significant change in circumstance has occurred that would result in a reassessment of a lease option.

IFRS 16: Easement Granted by Regulatory Authority

  • Consider the accounting for a right granted by a regulatory authority to construct above or below privately-owned land.

IFRS 15: Significant Financing Component

  • Consider the accounting for a significant financing component in a revenue contract when there is a change in the timing of transferring the promised goods or services to the customer. 

IFRS 9: Own-use Contracts

  • Discuss the application of the scope exception in IFRS 9 Financial Instruments relating to contracts that are entered into for an entity's own use.

IFRS 9: Classification of Financial Assets

  • Discuss the application of IFRS 9 Financial Instruments to financial assets with varying features in different scenarios (for example, payments with priority and retraction features).

IAS 8 and IAS 12: Change in Tax Rate for indefinite Life Intangible Assets

  • Consider the Group's November 2016 discussion on this topic and discuss whether the accounting would be different if an entity has previously applied IFRS 1 - first-time Adoption ​of International Financial Reporting Standards. 


Davina Tam, CPA, CA
Principal, Accounting Standards Board
Phone: 1(416) 204-3514
Email: dtam@acsbcanada.ca ​