Related Discussions

• Conceptual framework

• Sep 28, 2012

• The staff presented their proposals to the Board as to how to approach the project on the conceptual framework. The staff recommended that the conceptual framework project should focus on elements of financial statements, measurement, reporting entity, presentation and disclosure. They also noted that the aim would be to work towards a single discussion paper covering all of the areas (rather than the previous joint IASB and FASB phase project on the conceptual framework), rather than separate discussion papers for each area.

• Conceptual Framework — the reporting entity

• Nov 17, 2010

• The IASB and FASB discussed whether to revise its project timeline for completion of the reporting entity phase of the conceptual framework project and also discussed the following issues: (1) the entity versus proprietary perspective and (2) the requirement for combined financial statements.

• Technical plan

• Nov 17, 2010

• The IASB and FASB briefly discussed the timing of each of the Memorandum of Understanding (MOU) joint projects in preparation for the intended issue of an updated technical plan. Three projects were discussed in detail: financial instruments, discontinued operations and the Conceptual Framework.

• Conceptual framework Phase D — Reporting entity

• Oct 22, 2010

• The staff presented an analysis of comment letters from the recent ED 'Conceptual Framework for Financial Reporting: The Reporting Entity'. The feedback from the exposure draft was generally positive, nonetheless, constituents raised several significant issues that need to be re-deliberated. No formal decisions were made at this meeting.

• Conceptual Framework Phase D — Reporting Entity

• Sep 15, 2009

• The Board gave direction to the staff preparing the exposure draft of the Reporting Entity chapter of the Framework as follows.

• Conceptual Framework Phase D — Reporting Entity

• May 21, 2009

• The staff recommended that the length of the comment period for the Exposure Draft on the Reporting Entity Chapter of the Conceptual Framework be 120 days. The Board agreed.

• Conceptual Framework Phase D — Reporting Entity

• Mar 19, 2009

• The staff introduced the topics by noting that the objective of the meeting is to redeliberate the issues related to control of an entity included in the May 2008 Discussion Paper. The DP presented the Board's preliminary view that control of an entity should be defined at the conceptual level. Most respondents agreed with the Board's preliminary view.

• Conceptual Framework Phase D — Reporting Entity

• Jan 20, 2009

• The Board discussed various issues raised by respondents to the Board's Discussion Paper Preliminary Views on an Improved Conceptual Framework for Financial Reporting: The Reporting Entity. The decisions made in this session will be accommodated in the next phase of this project, which is an exposure draft due later in 2009.

• Conceptual Framework Phase D — Reporting Entity

• Nov 18, 2008

• The IASB staff presented its summary of comments received on the Discussion Paper The Reporting Entity. The session was essentially an educational one, and no decisions were made. The staff summary is available in Agenda Paper 4 for this meeting. The staff highlighted several of the high-level findings but did not discuss them to any extent.

• Conceptual Framework Phase A — Objective and Qualitative Characteristics and Phase D — Reporting Entity

• Apr 21, 2008

• The staff discussed Phase A and Phase D of the Conceptual Framework.

• Conceptual Framework Phase D — Discussion Paper on Reporting Entity

• Feb 19, 2008

• The Board discussed whether to issue a document (for example an invitation to comment) to describe the entity perspective and the proprietary perspective in the context of general purpose financial reporting.

• Conceptual Framework Phase D — Reporting Entity

• Sep 19, 2007

• The Board members and five external reviewers received in July a pre-ballot draft on the reporting entity discussion paper with request for comments.

• Conceptual Framework Phase D — Reporting Entity

• Jul 19, 2007

• The Board agreed that the forthcoming Discussion Paper on Phase D of the Conceptual Frameworks project (Reporting Entity), which is now in pre-ballot and is expected later in the third quarter 2007, should have a comment period of 120 days.

• Conceptual Framework Phase D — Reporting Entity

• May 16, 2007

• The Board discussed different approaches for determining the composition of a group reporting entity for financial reporting purposes.

• Conceptual Framework Phase D — Reporting Entity

• Dec 12, 2006

• The staff told the Board that the FASB is not yet in a position to move forward on Phase D because they are concerned that they did not fully understand the IASB's views and how they had reached those views. An IASB member noted that the IASB was not in agreement on the issues in Phase D.

• Conceptual Framework Phase B — Elements and Recognition and Phase D — Reporting Entity

• Sep 21, 2006

• The Board discusses asset definition and reporting entity phases of the Conceptual Framework project.

• Conceptual Framework Phase D — Reporting Entity

• Apr 26, 2006

• This discussion focused on the meaning of control of another entity, including whether it should be defined at a standard or concepts level.

• Conceptual Framework Phase D — Reporting Entity

• Mar 30, 2006

• The staff proposed that an entity for financial reporting purposes should not be limited to legal entities.

• Conceptual Framework

• Dec 13, 2005

• The Board were asked to consider three papers, as follows (1) Qualitative characteristics: costs and benefits (2) Elements 1: asset definition; and (3) Reporting entity: preliminary staff research.