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March 2025 IFRIC Update available

The IFRS Interpretations Committee (IFRIC) met on 11 March 2025, and the topics discussed were as follows:

Agenda decisions for the IASB's consideration

  • Guarantees Issued on Obligations of Other Entities
  • Recognition of Revenue from Tuition Fees (IFRS 15 Revenue from Contracts with Customers)
  • Recognition of Intangible Assets from Climate-related Expenditure (IAS 38 Intangible Assets)

Other matters

  • Translation to a Hyperinflationary Presentation Currency
  • Work in Progress

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