Tentative decisions

Pollutant Pricing Mechanisms — The Board decided to defer the decision on adding this project to its work plan until the next agenda consultation; the topic remains on the reserve list for future monitoring.

Provisions—Targeted Improvements — The Board decided to retain the standard 120-day comment period for the Exposure Draft, with the deadline remaining 12 March 2025.

Classification of Cash Flows on Variation Margin Calls (IAS 7) — The Board approved the prospective Agenda Decision with no member objections; it will be published in an addendum to IFRIC Update November 2024.

Active projects

Business Combinations—Disclosures, Goodwill and Impairment — The Board received stakeholder feedback on the Exposure Draft and will begin redeliberating the proposals at future meetings.

Updating IFRS 19 Subsidiaries without Public Accountability: Disclosures — The Board reviewed feedback on the proposed amendments covering new and amended standards issued February 2021–May 2024; redeliberation is scheduled for a future meeting.

IAS 29 Financial Reporting in Hyperinflationary Economies — The Board discussed stakeholder concerns identified through horizon scanning; staff will test a draft prioritization framework and seek further feedback from the Due Process Oversight Committee.

IFRS Work Plan Prioritization Framework — The Board discussed an updated draft framework to help prioritize technical projects; the framework will undergo testing and external feedback before finalization.

What it means for preparers

• Provisions comment deadline confirmed: Finance teams with exposure to provisions accounting (lease terminations, onerous contracts, restructurings) should review the Exposure Draft and submit comments by 12 March 2025 if they want to influence the final amendments.

• Business Combinations disclosure changes ahead: Organizations engaged in significant M&A activity should monitor redeliberation progress closely. Proposed enhancements to goodwill and impairment disclosures may expand narrative and quantitative requirements for business combination accounting.

• IAS 7 cash flow classification clarification: Entities using collateralized-to-market derivative contracts with variation margin calls should expect clearer guidance when the published Agenda Decision confirms the appropriate cash flow classification in the statement of cash flows.

Standards in scope

• IAS 7 Statement of Cash Flows
• IAS 29 Financial Reporting in Hyperinflationary Economies
• IFRS 3 Business Combinations
• IFRS 13 Fair Value Measurement (implied in BC disclosures)
• IFRS 19 Subsidiaries without Public Accountability: Disclosures
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets