IASB meeting — 16-20 July 2012
|The IASB met in London on 16-20 July 2012, some of the meeting being a joint meeting with the FASB. Notable outcomes from the meeting include the IASB tentatively deciding that an investor in an associate should account for its share of changes in net assets of the asset in equity (a separate exposure draft will be issued), the IASB completing the decision process in preparation of issuing a revised exposure draft on leases, the IASB tentatively agreeing to move towards balloting the investment entity consolidation exemption, and the FASB outlining constituent concerns in the financial instrument impairment project. The Boards, or IASB separately, also continued discussion in a number of projects, including revenue recognition, insurance, macro hedging and the limited reconsideration of IFRS 9. The IASB also received a report on its due process activities over the past year.|
Agenda for the meeting
Monday, 16 July 2012
IASB-FASB meeting (15:30-16:30)
IASB meeting (16:45-17:15)
Agenda papers from this meeting are available on the IASB's website.