This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

IASB meeting — 18-21 January 2011, London

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Tuesday, 18 January 2011

IASB-FASB joint meeting (14:15-17:00)

  • Insurance contracts – Comment letter analysis
  • Financial instruments – Impairment

Wednesday, 19 January 2011

IASB-FASB joint meeting (09:00-19:00)

  • Revenue recognition
  • Leases
    • Preliminary comment letter analysis and redeliberation plan
    • How to define a lease and how to distinguish it from a service
  • Insurance contracts – Education session

Thursday, 20 January 2011

IASB-FASB joint meeting (09:00-12:30)

  • Revenue recognition (continued from previous day)
  • Leases – Education session

IASB meeting (13:15-16:00)

  • Joint arrangements – Education session
  • Annual Improvements to IFRSs
    • Assessment of the annual improvements criteria
    • Amendment to IAS 1 to reflect the Conceptual Framework 2010
  • Consolidation – Potential voting rights when assessing significant influence
  • IFRS Interpretations Committee update

Friday, 21 January 2011

IASB meeting (08:30-11:15)

  • Post-employment benefits

Related Discussions

  • Financial instruments – Impairment - comment period

    Jan 18, 2011

    The Boards agreed to a 60 day comment period for supplementary exposure draft expected to be issued at the end of January, and considered other outreach activities planned during the comment period.

  • Insurance contracts – Comment letter analysis

    Jan 18, 2011

    The IASB and FASB considered a summary comment letter analyses arising from their consultative documents and identified several first level issues identified in the comment letters and as a result of other outreach activities during the exposure period.

  • Revenue recognition

    Jan 19, 2011

    The IASB and FASB began redeliberations on the revenue recognition project, considering: (1) determining the transfer of goods and services (2) reconsidering the 'two step' process for separating a contract (3) the criteria for the determination of separate performance obligations.

  • Leases

    Jan 19, 2011

    The IASB and FASB: (1) considered a preliminary comment letter analysis of feedback to the August 2010 exposure draft (2) held a preliminary discussion on how to differentiate between a contract that is within scope of the leases standard and one that is accounted for as an executory contract (service).

  • Revenue recognition

    Jan 20, 2011

    The IASB and FASB (1) considered whether to include guidance on inconsequential or perfunctory obligations in the revenue standard (2) continued their discussions on determining the criteria for a performance obligation being a service rather than a good.

  • Post-employment benefits

    Jan 21, 2011

    The IASB (1) reconsidered an earlier tentatively decision to retain the option of presenting the remeasurement component in either profit or loss or other comprehensive income (2) interactions between the projects on IAS 19 and IAS 37.