IFRIC Interpretations
E453761
IFRIC Interpretations are authoritative guidance issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.
All labels observed (1)
| Label | Occurrences |
|---|---|
| IFRIC Interpretations canonical | 2 |
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Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.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
NERFINISHED
ⓘ
International Financial Reporting Standards NERFINISHED ⓘ |
| approvedBy | International Accounting Standards Board NERFINISHED ⓘ |
| componentOf | IFRS literature hierarchy NERFINISHED ⓘ |
| developedBy | IFRS Interpretations Committee NERFINISHED ⓘ |
| example |
IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities
NERFINISHED
ⓘ
IFRIC 10 Interim Financial Reporting and Impairment NERFINISHED ⓘ IFRIC 11 IFRS 2—Group and Treasury Share Transactions NERFINISHED ⓘ IFRIC 12 Service Concession Arrangements NERFINISHED ⓘ IFRIC 13 Customer Loyalty Programmes NERFINISHED ⓘ IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction NERFINISHED ⓘ IFRIC 15 Agreements for the Construction of Real Estate NERFINISHED ⓘ IFRIC 16 Hedges of a Net Investment in a Foreign Operation NERFINISHED ⓘ IFRIC 17 Distributions of Non‑cash Assets to Owners NERFINISHED ⓘ IFRIC 18 Transfers of Assets from Customers NERFINISHED ⓘ IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments NERFINISHED ⓘ IFRIC 2 Members’ Shares in Co‑operative Entities and Similar Instruments NERFINISHED ⓘ IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine NERFINISHED ⓘ IFRIC 21 Levies NERFINISHED ⓘ IFRIC 22 Foreign Currency Transactions and Advance Consideration NERFINISHED ⓘ IFRIC 23 Uncertainty over Income Tax Treatments NERFINISHED ⓘ IFRIC 4 Determining whether an Arrangement contains a Lease NERFINISHED ⓘ IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds NERFINISHED ⓘ IFRIC 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment NERFINISHED ⓘ IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies NERFINISHED ⓘ IFRIC 8 Scope of IFRS 2 NERFINISHED ⓘ IFRIC 9 Reassessment of Embedded Derivatives NERFINISHED ⓘ |
| form | separate numbered interpretations ⓘ |
| governedBy | IFRS Foundation NERFINISHED ⓘ |
| issuedBy |
IFRS Interpretations Committee
NERFINISHED
ⓘ
International Accounting Standards Board NERFINISHED ⓘ |
| jurisdiction | international ⓘ |
| language | English ⓘ |
| legalStatus | authoritative under IFRS ⓘ |
| namingConvention | IFRIC followed by a number ⓘ |
| predecessor | SIC Interpretations NERFINISHED ⓘ |
| purpose |
clarify application of IFRS in specific scenarios
ⓘ
ensure consistent application of IFRS ⓘ reduce diversity in practice ⓘ |
| relatedTo |
IASB Standards
NERFINISHED
ⓘ
IFRS Standards NERFINISHED ⓘ SIC Interpretations NERFINISHED ⓘ |
| 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
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: IFRIC Interpretations Description of subject: IFRIC Interpretations are authoritative guidance issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.