novus IFRS 2nd Edition 2021

The IFRS In­ter­pre­ta­ti­ons Com­mit­tee (IFRS IC) has ad­dres­sed the spe­ci­fics of ac­coun­ting for con­fi­gu­ra­tion and cu­st­omiza­tion costs in soft­ware-as-a-ser­vice (SaaS) ar­ran­ge­ments. In this edi­tion of no­vus IFRS, we in­form you about the re­sults of the de­li­be­ra­ti­ons on this to­pic as well as about other im­port­ant to­pics that the stan­dard set­ters dealt with in the se­cond quar­ter of 2021.

SPOT­LIGHT

• IFRS IC: Ad­den­dum on ac­coun­ting for cu­st­omi­sa­tion costs for SaaS publis­hed

IASB AND IF­RIC IC

• IASB publis­hes ‘Ma­nage­ment Com­men­tary’ Ex­po­sure Draft (ma­nage­ment re­por­ting)
• IASB is­sues amend­ments to IAS 12
• IASB publis­hes li­mited chan­ges in re­la­tion to a lack of ex­chan­ge­abi­lity bet­ween two cur­ren­cies in ac­cor­dance with IAS 21
• IFRS In­ter­pre­ta­ti­ons Com­mit­tee agenda de­ci­si­ons

EU EN­DOR­SE­MENT

• EU En­dor­se­ment Sta­tus Re­port

DPR

• FISG: Up­date on the en­force­ment pro­ce­dure (end of the DPR)