IFRIC Interpretations

E453761

IFRS literature accounting standard interpretation authoritative guidance

IFRIC Interpretations are authoritative guidance issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.

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All labels observed (24)

Label	Occurrences
IFRIC Interpretations canonical	4
IFRIC 13 Customer Loyalty Programmes	2
IFRIC 15 Agreements for the Construction of Real Estate	2
IFRIC 18 Transfers of Assets from Customers	2
IFRIC 4 Determining whether an Arrangement contains a Lease	2
IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities	1
IFRIC 10 Interim Financial Reporting and Impairment	1
IFRIC 11 IFRS 2—Group and Treasury Share Transactions	1
IFRIC 12 Service Concession Arrangements	1
IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction	1
IFRIC 16 Hedges of a Net Investment in a Foreign Operation	1
IFRIC 17 Distributions of Non‑cash Assets to Owners	1
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments	1
IFRIC 2 Members’ Shares in Co‑operative Entities and Similar Instruments	1
IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine	1
IFRIC 21 Levies	1
IFRIC 22 Foreign Currency Transactions and Advance Consideration	1
IFRIC 23 Uncertainty over Income Tax Treatments	1
IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds	1
IFRIC 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment	1
IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies	1
IFRIC 8 Scope of IFRS 2	1
IFRIC 9 Reassessment of Embedded Derivatives	1
IFRS Interpretations	1

How this entity was disambiguated

This entity first appeared as the object of triple T4575815 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: IFRIC Interpretations
Context triple: [IFRS, component, IFRIC Interpretations]

A. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
B. International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
C. FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
D. Statements of Financial Accounting Standards
Statements of Financial Accounting Standards were authoritative pronouncements issued by the Financial Accounting Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.
E. International Organization of Supreme Audit Institutions
The International Organization of Supreme Audit Institutions (INTOSAI) is a global umbrella organization that supports and coordinates the work of national supreme audit institutions to promote good governance, accountability, and the exchange of auditing standards and best practices.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: IFRIC Interpretations
Target entity description: IFRIC Interpretations are authoritative guidance issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.

A. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
B. International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
C. FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
D. Statements of Financial Accounting Standards
Statements of Financial Accounting Standards were authoritative pronouncements issued by the Financial Accounting Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.
E. International Organization of Supreme Audit Institutions
The International Organization of Supreme Audit Institutions (INTOSAI) is a global umbrella organization that supports and coordinates the work of national supreme audit institutions to promote good governance, accountability, and the exchange of auditing standards and best practices.
F. None of above. chosen

Statements (55)

Predicate	Object
instanceOf	IFRS literature ⓘ accounting standard interpretation ⓘ authoritative guidance ⓘ
access	available on IFRS Foundation website ⓘ
appliesTo	IAS Standards ⓘ International Financial Reporting Standards ⓘ
approvedBy	International Accounting Standards Board ⓘ
componentOf	IFRS literature hierarchy ⓘ linked to: International Financial Reporting Standards
developedBy	IFRS Interpretations Committee ⓘ
example	IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities ⓘ linked to: IFRIC Interpretations IFRIC 10 Interim Financial Reporting and Impairment ⓘ linked to: IFRIC Interpretations IFRIC 11 IFRS 2—Group and Treasury Share Transactions ⓘ linked to: IFRIC Interpretations IFRIC 12 Service Concession Arrangements ⓘ linked to: IFRIC Interpretations IFRIC 13 Customer Loyalty Programmes ⓘ linked to: IFRIC Interpretations IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction ⓘ linked to: IFRIC Interpretations IFRIC 15 Agreements for the Construction of Real Estate ⓘ linked to: IFRIC Interpretations IFRIC 16 Hedges of a Net Investment in a Foreign Operation ⓘ linked to: IFRIC Interpretations IFRIC 17 Distributions of Non‑cash Assets to Owners ⓘ linked to: IFRIC Interpretations IFRIC 18 Transfers of Assets from Customers ⓘ linked to: IFRIC Interpretations IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments ⓘ linked to: IFRIC Interpretations IFRIC 2 Members’ Shares in Co‑operative Entities and Similar Instruments ⓘ linked to: IFRIC Interpretations IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine ⓘ linked to: IFRIC Interpretations IFRIC 21 Levies ⓘ linked to: IFRIC Interpretations IFRIC 22 Foreign Currency Transactions and Advance Consideration ⓘ linked to: IFRIC Interpretations IFRIC 23 Uncertainty over Income Tax Treatments ⓘ linked to: IFRIC Interpretations IFRIC 4 Determining whether an Arrangement contains a Lease ⓘ linked to: IFRIC Interpretations IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds ⓘ linked to: IFRIC Interpretations IFRIC 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment ⓘ linked to: IFRIC Interpretations IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies ⓘ linked to: IFRIC Interpretations IFRIC 8 Scope of IFRS 2 ⓘ linked to: IFRIC Interpretations IFRIC 9 Reassessment of Embedded Derivatives ⓘ linked to: IFRIC Interpretations
form	separate numbered interpretations ⓘ
governedBy	IFRS Foundation ⓘ
issuedBy	IFRS Interpretations Committee ⓘ International Accounting Standards Board ⓘ
jurisdiction	international ⓘ
language	English ⓘ
legalStatus	authoritative under IFRS ⓘ
namingConvention	IFRIC followed by a number ⓘ
predecessor	SIC Interpretations ⓘ
purpose	clarify application of IFRS in specific scenarios ⓘ ensure consistent application of IFRS ⓘ reduce diversity in practice ⓘ
relatedTo	IASB Standards ⓘ linked to: International Financial Reporting Standards IFRS Standards ⓘ linked to: International Financial Reporting Standards SIC Interpretations ⓘ
requires	public consultation before finalisation ⓘ
scope	narrow and well‑defined fact patterns ⓘ specific accounting issues under IFRS ⓘ
status	some interpretations superseded or withdrawn as standards evolve ⓘ
translatedInto	multiple languages ⓘ
usedBy	accounting standard‑setters ⓘ auditors ⓘ entities preparing IFRS financial statements ⓘ regulators ⓘ

How these facts were elicited

Referenced by (31)

Full triples — surface form annotated when it differs from this entity's canonical label.

IFRS → component → IFRIC Interpretations ⓘ

International Financial Reporting Standards → component → IFRIC Interpretations ⓘ

International Accounting Standards Board → issues → IFRS Interpretations ⓘ