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IASB meeting — 15-16 November 2011, London

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Tuesday, 15 November 2011

IASB meeting (09:45-17:30)

  • Annual improvements
    • IFRS 8 Operating Segments – Aggregation criteria and identification of the CODM
    • IAS 7 Statement of Cash Flows – Classification of interest paid that is capitalised
    • IAS 16 Property, Plant and Equipment – Meaning of receivable
    • IAS 24 Related Party Disclosures – Key management personnel
  • IFRS 10 — Transitional requirements
  • Insurance contracts — Education session on residual margins
  • IFRS 9 — Targeted improvements
  • Offsetting — Additional feedback: Effective dates
  • Leases

Wednesday, 16 November 2011

IASB meeting (09:00-11:30)

  • Put options over non-controlling interests
  • Financial instruments - Hedge accounting: Macro hedge accounting
  • IFRS 9 — Targeted improvements (continued)

IASB-FASB joint meeting (12:30-17:15)

  • Insurance contracts
  • Leases

 


Related Discussions

  • Annual improvements

    Nov 15, 2011

    The IASB discussed four issues for potential inclusion in the next Improvements to IFRSs exposure draft: IFRS 8 (aggregation criteria and identification of the chief operating decision maker, CODM), IAS 7 (classification of interest paid that is capitalised), IAS 16 (meaning of receivable), and IAS 24 (key management personnel).

  • IFRS 10 – Transitional requirements

    Nov 15, 2011

    The Board considered a request to clarify the meaning of 'the date of initial application' in the transitional requirements of IFRS 10 'Consolidated Financial Statements'.

  • IFRS 9 – Targeted improvements

    Nov 15, 2011

    The IASB discussed whether to initiate a review of IFRS 9 and also discussed the effective date of revised disclosure requirements in light of the IASB's decision to defer the application of IFRS 9.

  • Offsetting – Additional feedback: Effective dates

    Nov 15, 2011

    The IASB considered the effective date for the forthcoming clarifying amendments to IAS 32 'Financial Instruments: Presentation' and the new disclosures requirements on offsetting financial instruments.

  • Leases

    Nov 15, 2011

    The IASB discussed the transitional requirements for a first-time adopter of IFRSs regarding leases; considering whether some of the transitional requirements and relief provided for existing IFRS preparers should also be provided to a first-time adopter of IFRSs.

  • Put options over non-controlling interests

    Nov 16, 2011

    The Board voted not to amend the scope of IAS 32 to exclude put options over non-controlling interests. However, the Board expressed support for considering clarifying the accounting for subsequent changes in the measurement of such puts rather than by changing the measurement basis of the non-controlling interest.

  • Financial instruments - Hedge accounting: Macro hedge accounting

    Nov 16, 2011

    The staff presented the Board with two agenda papers on the topic of macro-hedging: (1) alternatives for developing a business oriented macro-hedging mode and (2) the use of non-GAAP information in the financial reporting of hedging activities.

  • IFRS 9 – Targeted improvements (continued)

    Nov 16, 2011

    The Board discussed whether anyone planned to dissent from the amendment to IFRS 9 delaying the mandatory effective date to annual periods beginning on or after 1 January 2015.

  • Insurance contracts

    Nov 16, 2011

    The IASB and FASB discussed the disaggregation of explicit account balances (previously been referred to as the unbundling of non-insurance components).

  • Leases

    Nov 16, 2011

    As part of its continuing deliberations surrounding the Exposure Draft Leases, the IASB and FASB discussed: (1) consequential amendments to IFRS 3 'Business Combinations' / Topic 805 'Business Combinations' in the FASB Accounting Standards Codification, (2) transition requirements related to IFRS 3 and Topic 805, (3) consequential amendments to IAS 23 'Borrowing Costs' / Topic 835 'Interest' and (4) transition accounting for secured borrowings.