International Accounting Standards Board: Developments in IFRS

In this episode of the quarterly IFRIC podcast, IFRS Interpretations Committee Chair and Vice-Chair of the International Accounting Standards Board Sue Lloyd joins Technical Staff Member Patrina Buchanan to talk about activities to support the consistent application of IFRS Standards during the third quarter of 2021. Topics include non-refundable VAT on lease payments (01:25); accounting for warrants that are financial liabilities on initial recognition (06:45); demand deposits with restrictions on use (08:38); and cash received via electronic transfer as settlement for a financial asset (13:50).