The IFRS Interpretations Committee (IFRS IC) has addressed the specifics of accounting for configuration and customization costs in software-as-a-service (SaaS) arrangements. In this edition of novus IFRS, we inform you about the results of the deliberations on this topic as well as about other important topics that the standard setters dealt with in the second quarter of 2021.
IASB AND IFRIC IC
- IASB publishes ‘Management Commentary’ Exposure Draft (management reporting)
- IASB issues amendments to IAS 12
- IASB publishes limited changes in relation to a lack of exchangeability between two currencies in accordance with IAS 21
- IFRS Interpretations Committee agenda decisions