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Episode 116: IFRIC Update September 2021

IFRS Talks - PwC's Global IFRS podcast

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Is the Demand Deposit a Component of Cash and Cash Equivalents in the Statement of Financial Position?

The committee felt that it could address the issue by issuing an gendardicision with additional explanatory material. So this will likely affect many entities. Ok, but the committee decided that it wouldn't add a project and instead issued a tentative egendered decision. Could you tell us why that was? Sure! Well, that cause the committee felt thatIt could address theissue by issuing an GENDARDICISION with additional Explanatory Material to explain how ipres standards apply to this situation. Now let me explain the thought process on the applicable ipres requirements for this particular fact pattern.

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