IFRIC’s mission

Which of these does the IFRS Interpretations Committee issue?

None of the above

IFRS Sustainability Standards

Agenda decisions

IFRS Accounting Standards

The climate-related commitments discussion is covered under what standard?

IAS 37

IAS 38

IAS 16

Not covered under IFRS Accounting Standards

Which, if any, of the following statements are true? Statement 1, All agenda decisions are issued with explanatory materials, or Statement 2, Adjustments to the standards are made by IFRIC

Both statements

Statement 2 only

Neither statement

Statement 1 only

What is the result of the discussion on IFRS 8?

A new IFRS Accounting Standard is proposed

None of the above

An agenda decision has been made with no changes proposed to the standard

Narrow-scope amendments are proposed to IFRS 8

How was it decided that contingent consideration payable to staff required to stay employed following a takeover should be accounted for?

As part of the consideration in goodwill at fair value

As part of the consideration in goodwill at present value

As a provision at acquisition

As a post-acquisition expense as part of staff costs

What is the next stage in the hyper-inflationary discussion?

Releasing an exposure draft

Conducting research

Adjusting IFRS Accounting Standards

Preparing a discussion paper

What is the proposed change to IAS 21 in relation to the hyperinflationary discussion?

No change to the standard

Additional paragraphs will be included

An additional illustrative example will be included

The standard will be replaced

Which of these statements is true? Statement 1, The Committee can deal with questions on all standards, not just newly issued ones, or Statement 2, The Committee can be involved in research projects if requested by the IASB

Both statements are true

Statement 1 only is true

Statement 2 only is true

Neither statement is true

How many members sit on the IFRS Interpretations Committee?

14

6

20

12

Which, if any, of the following statements is correct regarding a recent Committee decision? Statement 1, A commitment to offset omissions will result in a provision when those emissions are made, or Statement 2, A commitment to offset omissions will result in a provision when the announcement is made

Statement 2 only is correct

Both statements are correct

Statement 1 only is correct

Neither statement is correct

Which of these does the IFRS Interpretations Committee issue?

The climate-related commitments discussion is covered under what standard?

Which, if any, of the following statements are true? Statement 1, All agenda decisions are issued with explanatory materials, or Statement 2, Adjustments to the standards are made by IFRIC

What is the result of the discussion on IFRS 8?

How was it decided that contingent consideration payable to staff required to stay employed following a takeover should be accounted for?

What is the next stage in the hyper-inflationary discussion?

What is the proposed change to IAS 21 in relation to the hyperinflationary discussion?

Which of these statements is true? Statement 1, The Committee can deal with questions on all standards, not just newly issued ones, or Statement 2, The Committee can be involved in research projects if requested by the IASB

How many members sit on the IFRS Interpretations Committee?

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