October 2025: September 2025 IFRS IC Update

About this episode

Anu Pandya and Gary Berchowitz discuss the September 2025 IFRS Interpretations Committee meeting topics, including foreign exchange differences and economic benefits from battery use.

How are foreign exchange differences on intragroup monetary assets and liabilities classified under IFRS 18? And does an electricity retailer obtain substantially all the economic benefits from the use of a battery in an offtake arrangement? In this month’s episode, Anu Pandya is joined by Gary Berchowitz for an overview of the topics discussed at the September 2025 IFRS Interpretations Committee meeting as well as Gary’s aspirations as he joins the Committee. Find out more at PwC’s IFRS ...

People in this episode

Host: Anu Pandya

Guest: Gary Berchowitz

Topics covered

• IFRS Interpretations Committee
• foreign exchange differences
• intragroup monetary assets
• electricity retailer
• battery offtake arrangement

Keywords

• IFRS
• foreign exchange
• intragroup
• electricity retailer
• battery
• oftake arrangement
• economic benefits

Mentioned in this episode

Organizations: PwC

Books & works: IFRS 18

More episodes of IFRS Talks - PwC's Global IFRS podcast

• May 2026: Episode 3 of Decoding IFRS 18 — Management-defined performance measures (MPMs) · May 28, 2026 · 25 min
• April 2026: Episode 2 of Decoding IFRS 18 — Lessons from Early Adopting IFRS 18 in PwC's Reinvented Illustratives · April 29, 2026 · 35 min
• March 2026: IFRS IC Update · March 30, 2026 · 34 min
• February 2026: Sustainability Reporting Update · February 24, 2026 · 26 min
• January 2026: Clarifying uncertainties: helping companies navigate disclosure requirements · January 26, 2026 · 18 min
• December 2025: November 2025 IFRS IC Update · December 10, 2025 · 23 min