Tentative decisions

IFRS 18 Agenda Decision References — The IASB decided unanimously (14/14 members) to request the IFRIC Interpretations Committee: (a) reconsider how IFRS 18 applies to the Supply Chain Financing Arrangements—Reverse Factoring fact pattern; and (b) update references to IAS 1 in nine other agenda decisions to reference the new or amended requirements in IFRS 18.

Guarantees Issued on Obligations of Other Entities — No IASB member objected to the Agenda Decision; it will be published in the April 2025 addendum to IFRIC Update March 2025.

Recognition of Revenue from Tuition Fees — No IASB member objected to the Agenda Decision under IFRS 15; it will be published in the April 2025 addendum to IFRIC Update March 2025.

Recognition of Intangible Assets Resulting from Climate-related Expenditure — No IASB member objected to the Agenda Decision under IAS 38; it will be published in the April 2025 addendum to IFRIC Update March 2025.

Active projects

Business Combinations—Disclosures, Goodwill and Impairment — The IASB discussed threshold proposals in the Exposure Draft for requiring performance disclosures on a subset of business combinations and reviewed evidence-based feedback on capture rates. The Board will continue redeliberating proposals; no decisions were made this month.

Climate-related and Other Uncertainties in the Financial Statements — The IASB discussed a completion timeline and responses to stakeholder concerns about Examples 1 and 2 in the Exposure Draft. The Board will continue discussing feedback; no decisions were made this month.

Consistent Application Activities — The IFRIC Interpretations Committee published three new agenda decisions in March 2025 (guarantees, tuition revenue, and climate-related intangible assets); the IASB approved all three without objection. Additionally, 10 existing agenda decisions are being reviewed to align references with IFRS 18 requirements as IAS 1 is superseded.

What it means for preparers

• IFRS 18 transition impact: Finance teams should prepare for updated guidance on supply chain financing arrangements and other disclosure topics as references shift from IAS 1 to IFRS 18. Monitor the IFRIC Committee's response to the Board's requests for reconsideration of the reverse factoring fact pattern.

• New interpretive guidance effective soon: Three new agenda decisions (guarantees, tuition revenue, intangible assets from climate spend) will be published in April 2025 and provide authoritative guidance on recognition and measurement. Review these decisions immediately if your entity issues guarantees, operates educational programs, or capitalizes climate-related costs.

• Business combinations disclosure scope: Entities planning material acquisitions should track the redeliberation of thresholds for post-combination performance reporting. The final standard will clarify which business combinations require ongoing disclosure of acquired performance metrics.

Standards in scope

• IFRS 15 Revenue from Contracts with Customers (tuition fee recognition)
• IFRS 18 Presentation and Disclosure in Financial Statements (superseding IAS 1 references)
• IAS 1 Presentation of Financial Statements (being superseded; current references under review)
• IAS 38 Intangible Assets (climate-related expenditure capitalization)
• IFRS 3 Business Combinations (Disclosures, Goodwill and Impairment project scope)