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IASB meeting — 12-15 April 2011, London

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Tuesday, 12 April 2011

IASB-FASB joint meeting (10:45-17:30)

  • Leases
  • Revenue recognition
  • Insurance contracts

Wednesday, 13 April 2011

IASB-FASB joint meeting (08:30-18:30)

  • Leases
  • Revenue recognition
  • Financial instruments - Impairment

Thursday, 14 April 2011

IASB-FASB Joint Meeting (08:30-12:15)

  • Revenue recognition
  • Financial instruments - Impairment

IASB meeting (13:15-15:45)

  • Financial instruments - Hedge accounting

Friday, 15 April 2011

IASB meeting (09:00-12:00)

  • IFRS Interpretations Committee - update from last meeting
  • Financial instruments - Hedge accounting

 


Related Discussions

  • Leases

    Apr 12, 2011

    The IASB and FASB considered (1) the definition of a lease and related application guidance (2) staff recommendations and outreach feedback regarding the identification of lease payments that are in-substance fixed lease payments but are structured as variable payments in form (e.g., disguised minimum lease payments).

  • Revenue recognition - uncertain consideration

    Apr 12, 2011

    The IASB and FASB discussed how an entity should determine the transaction price and recognise revenue when the customer promises an amount of consideration that is uncertain.

  • Insurance contracts

    Apr 12, 2011

    The IASB and FASB considered (1) the current status of the insurance project (2) 'top-down' approaches to determining the discount rate.

  • Leases

    Apr 13, 2011

    The IASB and FASB discussed (1) the types and classification of leases (2) initial and subsequent measurement and presentation of both lessee and lessor accounting.

  • Revenue recognition

    Apr 13, 2011

    The IASB and FASB considered (1) the allocation of the transaction price to separate performance obligations (2) whether the revenue standards should distinguish between different types of licences and rights to use intangible assets (3) accounting for fulfilment costs.

  • Financial instruments – Impairment

    Apr 13, 2011

    The IASB and FASB received a summary of the views received during outreach activities as well as an initial summary of the comment letters received on the joint supplementary document on impairment.

  • Revenue recognition

    Apr 14, 2011

    The IASB and FASB considered the accounting for put options under sale and repurchase agreements, considering if and when such arrangements should be accounted for as a lease.

  • Financial instruments – Impairment

    Apr 14, 2011

    The IASB and FASB discussed (1) fundamental differences in the definition of amortised cost under IFRSs and US GAAP (2) whether expected losses should be discounted or undiscounted.

  • Financial instruments – Hedge accounting

    Apr 15, 2011

    The IASB and FASB (1) discussed the designation of portions of items that are larger than the cash flows of the hedged item (commonly referred to as the 'sub-LIBOR issue') (2) considered certain issues raised by respondents related to cash instruments as hedging instruments (3) held an education session on the forthcoming macro hedge accounting project.