The IFRS Interpretations Committee (Committee) meets on 10 September 2024. The IFRS IC will discuss the initial consideration of two agenda decisions and give input into two IASB projects.
Guarantees issued on obligations of other entities: The IFRS IC received a submission about how an entity, in its separate financial statements, accounts for guarantees that it issues on obligations of its joint venture in certain fact patterns. As the fact patterns submitted are highly specific and subtle differences in the specific facts and circumstances could change the conclusion, the staff considers that it would be inappropriate for the IFRS IC to conclude on the matter. Instead, the staff recommends that the IFRS IC publish a tentative agenda decision identifying the IFRS Accounting Standards an entity considers in accounting for guarantees that it issues.
IFRS 15 - recognition of revenues from tuition fees: The IFRS IC received a submission about the period over which an entity that provides
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