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IASB meeting — 14-18 March 2011 (London) – 21-23 March 2011 (Norwalk)

Start date:

End date:

Location: London

Agenda for the meeting

Monday, 14 March 2011

IASB-FASB joint meeting (12:15-14:45 London)

  • Insurance contracts
  • Leases

Tuesday, 15 March 2011

IASB-FASB joint meeting (11:00-17:45 London)

  • Leases
  • Fair value measurement – Effective dates
  • Insurance contracts

Wednesday, 16 March 2011

IASB-FASB joint meeting (13:45-15:45 London)

  • Financial instruments - Hedge accounting

Thursday, 17 March 2011

IASB meeting (09:30-11:05 London)

  • Financial instruments - Impairment
  • Effective dates - Post-employment benefits and other comprehensive income

Friday, 18 March 2011

IASB-EFRAG convergence meeting

Monday, 21 March 2011

IASB-FASB joint meeting (08:00-17:30 Norwalk)

  • Revenue recognition
  • Cross-cutting issues – Disclosure issues in the revenue recognition, leases, and insurance contracts projects
  • Insurance contracts
  • Leases

Tuesday, 22 March 2011

IASB-FASB joint meeting (08:00-17:30 Norwalk)

  • Insurance contracts
  • Financial instruments - Impairment
  • Leases

Wednesday, 23 March 2011

IASB-FASB joint meeting (08:00-13:15 Norwalk)

  • Revenue recognition

Related Discussions

  • Insurance contracts

    Mar 14, 2011

    The IASB and FASB (1) held an education session on alternative presentation models (2) held an education session on the accounting approach for the composite margin release to profit (3) discussed a practical expedient for the discount rate.

  • Leases

    Mar 14, 2011

    The IASB and FASB discussed the following topics: (1) distinguishing between a lease and a purchase or sale (2) accounting for purchase options.

  • Leases – short-term leases

    Mar 15, 2011

    The IASB and FASB continued their discussions from the previous day on the leases project, focusing on short-term leases.

  • Fair value measurement

    Mar 15, 2011

    The IASB and FASB discussed the effective date and transition requirements for their forthcoming standards on fair value measurements.

  • Insurance contracts

    Mar 15, 2011

    The IASB and FASB (1) had an education session on the practical measurement of risk adjustment liabilities (2) has an education session on the discount rate for participating contracts (3) reached two decisions on the discount rate for participating contracts (4) alternative proposals for the timing of initial recognition of an insurance contract (5) alternate proposals for the definition of an insurance contract.

  • Insurance contracts

    Mar 21, 2011

    The IASB and FASB discussed: (1) overall considerations for unbundling (2) bifurcation of embedded derivatives (3) the objective of a risk adjustment (4) discounting of ultra long duration cash flows.

  • Leases – initial measurement

    Mar 21, 2011

    The IASB and FASB discussed (1) initial direct costs (2) the concept of 'inception' and 'commencement' and which should be used to initial measure a lease.

  • Insurance contracts

    Mar 22, 2011

    The IASB and FASB (1) observed two educational session presentations on explicit risk adjustments (2) re-deliberated certain criteria around setting the contract boundary.

  • Financial instruments – Impairment

    Mar 22, 2011

    The IASB and FASB discussed two alternative measures that entities could use when estimating expected credit losses and impairment accounting for purchased loans.

  • Leases

    Mar 22, 2011

    The IASB and FASB discussed (1) how to separate a lease, service, and other components within contracts that contain a lease (2) when a sale and leaseback transaction should occur.

  • Revenue recognition - collectibility and uncertain consideration

    Mar 23, 2011

    The IASB and FASB continued their discussion on collectibility and also discussed three topics on uncertain consideration: (1) existence of a right to consideration, (2) measurement, and (3) constraining revenue - some of these are cross-cutting issues with the leases project.