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IASB meeting — 18-21 January 2010, London

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Monday 18 January 2010

IASB-FASB joint meeting (13:00-19:00)

  • Fair value measurement
  • Revenue recognition
  • Financial instruments with the characteristics of equity

Tuesday 19 January 2010

IASB-FASB joint meeting (08:00-18:45)

  • Insurance contracts
  • Financial statement presentation
  • Consolidation
  • Replacement of IAS 39 — Hedge accounting

Wednesday 20 January 2010

IASB-FASB joint meeting (08:00-12:45)

  • Leases
  • Replacement of IAS 39 — Classification and measurement – financial liabilities

IASB-FASB joint meeting (12:45-16:30)

  • Financial statement presentation
  • Derecognition of financial instruments
  • Leases

Thursday 21 January 2010

IASB meeting (08:30-14:15)

  • IFRIC update
  • Amendment to IFRS 1 — Exemption from comparative IFRS 7 disclosures
  • IFRS 5 — Discontinued operations
  • Post-employment benefits

Related Discussions

  • Revenue Recognition

    Jan 18, 2010

    The Boards discussed what revenue disclosures should be proposed in the forthcoming exposure draft (ED).

  • Fair Value Measurement

    Jan 18, 2010

    The IASB and the FASB discussed several issues connected with their efforts to issue converged fair value measurement guidance based on ASC Topic 820 and the IASB's exposure draft Fair Value Measurement.

  • Insurance Contracts

    Jan 19, 2010

    The Board discussed (1) the building block approach, (2) measurement objectives, (3) risk adjustment, (4) policyholder behaviour, (5) residual margins, (6) subsequent release of the residual margin to the income statement, (7) changes in expected present value of cash flows and (8) the timetable for Board discussions.

  • Leases

    Jan 19, 2010

    The Boards considered whether the incremental borrowing rate used to calculate the lessee's obligation, and the interest rate implicit in the lease used to calculate the lessor's receivable, should be revised. The Boards also discussed whether to provide a scope exclusion for short-term leases and how a lessor should account for leases of investment properties as the proposed lessor accounting requirements does not provide users of financial statements with useful information when applied to investment properties.

  • Consolidation

    Jan 19, 2010

    The Boards discussed (1) control through voting rights, (2) effects of options and convertible instruments on the control model, (3) the role of kick-out rights and (4) agency relationships.

  • Derecognition of Financial Instruments

    Jan 19, 2010

    The Board discussed offsetting of financial assets and financial liabilities and whether to include offsetting in the scope of the derecognition project.

  • Post-employment benefits

    Jan 21, 2010

    The staff presented proposed disclosure requirements on the disaggregation of information about actuarial gains and losses arising on the defined benefit obligation and to the total amount of post-employment benefit expense in the period.