🔍 The Podcast Rundown
The latest IFRS Interpretations Committee podcast is now live, featuring insightful discussions from the top brass. Chair Bruce Mackenzie and member Mark Mahar dive into the nitty-gritty of the September 16, 2025 meeting. They unpack two tentative agenda decisions on tricky topics like foreign exchange differences within intragroup monetary liabilities and the economic benefits of using a battery under an offtake arrangement.
If you're an accounting aficionado or just curious about IFRS standards, this episode is a goldmine. It's available on Apple Podcasts, Spotify, and the IFRS YouTube channel, so you can tune in wherever you prefer.
💡 Key Topics Discussed
Classification of Foreign Exchange Differences
Ever wondered how to classify a foreign exchange difference from an intragroup monetary liability or asset? Bruce and Mark break it down in the latest episode, shedding light on IFRS 18 and its implications for international transactions.
Economic Benefits of Battery Use
The second hot topic is the economic benefits derived from using a battery under an offtake arrangement, as outlined in IFRS 16. This segment is particularly relevant for companies dealing with large-scale energy storage and distribution.
“Understanding these standards is crucial for companies to ensure compliance and optimize their financial strategies,” says Bruce Mackenzie.
🎧 Where to Listen
You can find all IFRS podcasts on their dedicated podcast page. They are also available on Apple Podcasts, Spotify, and their YouTube channel. Whether you're commuting, working out, or just relaxing, you can stay updated on the latest IFRS interpretations and decisions with ease.
For a quick overview of how the Committee helps maintain and support consistent application of IFRS Accounting Standards, check out their short explanatory video. It covers everything from receiving application questions to collaborating with the International Accounting Standards Board.
