Exploring climate-related commitments, IFRS 3, and IFRS 9 post-implementation review. Discussion on provisions for greenhouse gas emissions, net zero transformation commitments, and contingent payments in acquired businesses. Review of accounting scenarios and challenges in implementing IFRS 9 rules

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.

Karsten Ganssauge, an expert in IFRS Interpretations, joins Laura Kennedy to discuss the highlights from the June 2024 IFRS Interpretations Committee meeting. They dive into the complexities of reportable segments and cash flow statements under IAS 7. The conversation covers the challenges of disaggregating material items and the ongoing debates about classification in cash flows from derivatives. Additionally, they explore significant ISB projects related to intangible assets and business combinations, emphasizing the need for clearer disclosure standards.