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IFRS Interpretations Committee Tentative Agenda Decision

The Malaysian Accounting Standards Board (MASB) invites comments from the public for the purpose of formulating responses to the IFRIC on the following Tentative Agenda Decisions:

(1) Training Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers).

(2) Definition of a Lease: Shipping Contract (IFRS 16 Leases).                                          

(3) Translation of a Hyperinflationary Foreign Operation: Presenting Exchange Differences (IAS 21 The Effects of Changes in Foreign Exchange Rates and IAS 29 Financial Reporting in Hyperinflationary Economies).

(4) Cumulative Exchange Differences arising before a Foreign Operation becomes Hyperinflationary (IAS 21 and IAS 29).

(5) Presenting Comparative Amounts when a Foreign Operation First becomes Hyperinflationary (IAS 21 and IAS 29). 

There are no specific questions raised but comments are most helpful if they contain a clear rationale and include any alternative the IFRIC should consider.

Invitation to comment

The Tentative Agenda Decisions are open for comment until 11 November 2019.

You may provide your comments online or email us at technical@masb.org.my.