September 2024: IFRIC Update

Karsten Ganssauge, an expert in IFRS Interpretations, shares insights from the September 2024 IFRS Interpretations Committee meeting. The discussion covers the complexities of accounting for guarantees and tuition fee revenue recognition. Ganssauge highlights pollutant pricing mechanisms and their relevance in sustainability reporting. He also addresses the post-implementation review of IFRS 16 leases, noting areas for improvement. Lastly, he touches on the transition from IAS 1 to IFRS 18, emphasizing practical implications for past decisions.