IFRS Issues IFRS Interpretations Committee Update for September 2018

The key topics discussed at the September meeting include the following:

• Application of the highly probable requirement when a specific derivative is designated as a hedging instrument under the IFRS 9 on financial instruments and the IAS 39 on recognition and measurement of financial instruments
• Classification of a particular type of dual currency bond under IFRS 9
• The way an entity might apply existing IFRS standards in determining its accounting for holdings of cryptocurrencies and initial coin offerings.

Keywords: International, Accounting, Banking, IFRS 9, IAS 39, Financial Instruments, Cryptocurrencies, IFRIC, IFRS