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IASB meeting — 19-21 November 2012, London

Start date:

End date:

Location: London

Agenda for the meeting

Monday, 19 November 2012

IASB meeting (12:45-14:00)

  • Levies — Education session
  • Impairment — Education session

IASB-FASB meeting (14:00-18:30)

  • Revenue recognition


Tuesday, 20 November 2012

IASB meeting (11:00-12:30)

  • Conceptual framework — Education session

IASB-FASB meeting (13:30-17:15)

  • Impairment — Education session
  • Insurance contracts

IASB meeting (17:15-17:45)

  • Offsetting update
  • Due process documents


Wednesday, 21 November 2012

IASB meeting (11:00-16:45)

  • FSB Enchanced Disclosure Forum (Update) — Education session
  • Insurance contracts
  • Impairment

Agenda papers from this meeting are available on the IASB's website.


Related Discussions

  • Levies — Education session (IASB only)

    Nov 19, 2012

    The Board discussed the report by the IFRS Interpretation Committee regarding the comments received on the draft interpretation on accounting for levies.

  • Impairment — Education session (IASB only)

    Nov 19, 2012

    The Board held an education session discussing criteria for recognition of lifetime expected losses; methods and information to assess expected losses and transfer criteria; and disclosures applicable to entities applying the simplified approach for trade and lease receivables.

  • Revenue recognition (IASB/FASB)

    Nov 19, 2012

    The Boards discussed the analysis provided by the staff on constraining the cumulative amount of revenue recognised (1) application of the requirements and (2) placement of constraint (step 3 v step 5).

  • Insurance contracts (IASB/FASB)

    Nov 20, 2012

    The IASB and FASB considered (1) the discount rate for contract where the cash flows to which mirroring does not apply are affected by expected asset returns (2) the presentation of changes in discount rate for contracts whose cash flows to are not subject to the mirroring approach and are affected by asset returns.

  • Offsetting Update (IASB only)

    Nov 20, 2012

    The staff updated the IASB on the amended scope to the related disclosure requirements the FASB has tentatively reached.

  • Due process documents (IASB only)

    Nov 20, 2012

    The Board agreed that all due process requirements were met for exposure drafts on amendments to IFRS 10/IAS 28 and amendments to IFRS 11.

  • Insurance contracts (IASB only)

    Nov 21, 2012

    The IASB met in a separate session to discuss the presentation and disclosure requirements for insurance, reinsurance and participating contracts in the next Exposure Draft (ED), the issue of whether at the transition date of the new standard it should be required to disclose the current period line amounts under the previous IFRS 4 accounting regime, and the proposed fieldwork that the Staff intends to undertake after publishing the revised Exposure Draft.

  • Impairment (IASB only)

    Nov 21, 2012

    Following from the earlier education session, the IASB held a decision making session to discuss: (1) criteria for recognition of lifetime expected losses (2) methods and information to assess expected losses and transfer criteria (3) Disclosures applicable to entities applying the simplified approach for trade and lease receivables.