Tentative decisions

Statement of Cash Flows and Related Matters — The IASB unanimously decided to move this project from the research programme to its standard-setting work plan, meaning any future consultative document will be an exposure draft; the board also decided not to establish a consultative group for this project.

Agenda Decision: Income and Expenses on Financial Instruments with Negative Yield — The IASB unanimously agreed with the IFRS Interpretations Committee's recommendation to withdraw this agenda decision (IAS 39 / IAS 1).

Agenda Decision: Supply Chain Financing Arrangements—Reverse Factoring — The IASB deferred its decision on withdrawing this agenda decision to a future meeting and decided to conduct targeted outreach to identify specific accounting matters arising from the potential withdrawal (12 of 13 members agreed).

Six Updated Agenda Decisions — The IASB raised no objections to updated agenda decisions on reportable segment disclosure (IFRS 8), demand deposits (IAS 7), biological assets (IAS 41), financing activity liabilities (IAS 7), physical settlement of non-financial contracts (IFRS 9), and normal operating cycle (IAS 1).

Two Finalized Agenda Decisions — The IASB raised no objections to the Embedded Prepayment Option (IFRS 9) and Determining and Accounting for Transaction Costs (IFRS 9) agenda decisions; both will be published in an addendum to IFRIC Update November 2025.

Active projects

Post-implementation Review of IFRS 16 Leases — The board discussed feedback on the Request for Information and will continue deliberations; final decisions expected Q3 2026, with a project report and feedback statement to be published before year-end 2026.

Intangible Assets — The IASB selected test cases and identified principles to explore for potential changes to the definition of 'intangible asset' and recognition requirements; next discussion will address findings on user information needs.

Statement of Cash Flows and Related Matters — Now promoted to standard-setting work plan; the board will continue deliberating project scope and issues, with eventual exposure draft expected.

What it means for preparers

• Cash flows and lease accounting under scrutiny: Expect potential changes to Statement of Cash Flows requirements and IFRS 16 implementation guidance by late 2026. Finance teams should monitor the IFRS 16 feedback statement and exposure draft for this project to understand which lease accounting or cash flow presentation matters may shift.

• Supply chain financing guidance delayed: The withdrawal decision on the reverse factoring agenda decision has been deferred pending targeted outreach. Preparers currently applying reverse factoring arrangements should not assume immediate guidance changes; await Q2 2026 board decision and any new accounting clarifications.

• Intangible asset definition may evolve: Early signals suggest the IASB is exploring refinements to what qualifies as an intangible asset under IAS 38. Entities with significant R&D, software development, or brand-building activities should prepare to reassess capitalisation thresholds and recognition criteria once the workstream concludes.

Standards in scope

• IFRS 16 Leases
• IFRS 18 Presentation of Financial Statements (forthcoming; referenced for agenda decision updates)
• IFRS 8 Operating Segments
• IFRS 9 Financial Instruments
• IAS 1 Presentation of Financial Statements
• IAS 7 Statement of Cash Flows
• IAS 38 Intangible Assets (implicit, within Intangible Assets project scope)
• IAS 39 Financial Instruments: Recognition and Measurement
• IAS 41 Agriculture