IFRIC definition

IFRIC means International Financial Reporting Interpretations Committee;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

IFRIC means the International Financial Reporting Interpretations Committee;

IFRIC means Interpretations originated from the International Financial Reporting Interpretations Committee.

Examples of IFRIC in a sentence

• BC2 The IFRIC released draft Interpretation D21 Real Estate Sales for public comment in July 2007 and received 51 comment letters in response.

• BC13 The IFRIC noted that respondents were uncertain whether an entity applying D21 would follow the guidance on combining and segmenting contracts in IAS 18 or that in IAS 11.

• BC26 The IFRIC noted that agreements with ‘continuous transfer’ might not be encountered frequently.

• In the IFRIC’s view, loyalty awards are not costs that directly relate to the goods and services already delivered— rather, they are separate goods or services delivered at a later date … BC30 The IFRIC concluded that the Interpretation should provide similar guidance.

• The IFRIC noted that IFRIC 13 Customer Loyalty Programmes already provides guidance on how to apply paragraphs 13 and 19 of IAS 18.

More Definitions of IFRIC

IFRIC means the IFRS Interpretations Committee, which issues IFRIC interpretations following approval by the IASB;

IFRIC means the International Reporting Interpretations Committee;

IFRIC means the IFRS Interpretations Committee, formerly the International Financial Reporting Interpretations Committee, which issues IFRIC interpretations following approval by the IASB;

IFRIC means the International Financial Reporting Interpretations Committee. “IFRS” means International Financial Reporting Standards, as issued by the IASB.

IFRIC means the International Financial Reporting Interpretations Committee. “IFRS” means International Financial Reporting Standards.

IFRIC means the International Financial Reporting Interpretations Committee; the interpretative body of the International Accounting Standards Committee Foundation;

IFRIC means the interpretations originated by the International Financial Reporting Interpretations Committee and forming part of IFRS;