Items not taken onto the agenda and other agenda decisions

Introduction

Some issues that are raised for consideration by the Board are either not added to the agenda or else are removed from the agenda when it is decided that an Interpretation will not be issued. For such issues, the AASB normally provides its reasons for rejecting the issue. Rejection statements are classified here by reference to the most relevant Accounting Standards referenced in the statement.

The website of the IASB also includes lists of items not added to the agenda of the International Financial Reporting Interpretations Committee (IFRIC), along with the reasons for those issues not being added to the agenda. These lists can be accessed via the following link: IFRIC – Items not taken onto the Agenda.

Australian rejected issues and other agenda decisions

Standards

AASB
No.		 Title Decision Date
2 Share-based payment Employee share loan plans Dec
2005
102 Inventories Inventory rebates and settlement discounts Sep
2005
revised
112 Income taxes Scope Dec
2006
revised
116 Property, plant and equipment Capitalised software Dec
2005
117 Leases Recognition of contingent rentals Sep
2006
118 Revenue Recognition of franked dividend revenue Dec
2007
118 Revenue Subscriber acquisition costs in the telecommunications industry Jun
2006
118 Revenue Direct costs affecting a financial instrument's effective interest rate Sep
2005
119 Employee benefits Classification of long-service leave liabilities Dec 2005
132 Financial instruments: disclosure and presentation Classification of long-service leave liabilities Dec 2005
138 Intangible assets Capitalised software Dec
2005
139 Financial instruments: recognition and measurement Direct costs affecting a financial instrument's effective interest rate Sep
2005
revised

Interpretations

Interp
No.		 Title
 Decision
 Date
12
 Service concession arrangements
 Public sector grantors
 Dec
2007