It deleted the comment from the consensus d guidance on measuring the fair

It deleted the comment from the consensus d guidance

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the comment was peripheral to the issues being addressed in the Interpretation. It deleted  the comment from the consensus. (d)      guidance on measuring the fair value of award credits.   Paragraph AG2  explains that the fair  value of award credits may be measured by reference to the fair value of the awards for  which they could be redeemed, reduced to take into account various factors. The list of  factors in D20 had referred to the time value of money. However, the IFRIC accepted  suggestions that the effect of the time value of money will often not be material— especially if awards are specified in non-monetary terms—and that it should not therefore  be highlighted as a factor that will routinely need to be measured. (e)      location of application guidance.  Two paragraphs of the consensus in D20 comprised  guidance on how to apply the paragraphs that preceded them. They have been moved to  an appendix, and supplemented by additional explanation that had been located in the  Basis for Conclusions in D20. (f)      illustrative examples.  These have been added to help readers understand how to apply the  revenue recognition requirements, especially in relation to forfeited award credits and  changes in estimates of forfeiture rates. ©  2011 IFRS Foundation *  effective date 1 January 2011 1  total number of points expected to be redeemed 2  number of points redeemed in year 1 3  revised estimate of total number of points expected to be redeemed 4  total number of points still expected to be redeemed.
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