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IASB meeting — 15-19 October 2012

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Monday, 15 October 2012

IASB meeting (10:00-15:00)

  • Insurance contracts — Education session

IASB-FASB meeting (16:00-18:00)

  • Insurance contracts

Tuesday, 16 October 2012

  • No sessions currently scheduled

Wednesday, 17 October 2012

IASB meeting (10:30-11:30)

  • Financial instruments — Macro hedge accounting

IASB-FASB meeting (12:30-15:00)

  • Insurance contracts

Thursday, 18 October 2012

IASB meeting (09:30-11:15)

  • Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement)
  • Financial instruments — Impairment

IASB-FASB meeting (12:30-14:30)

  • Revenue recognition

Friday, 19 October 2012

IASB meeting (09:00-12:00)

  • IFRS Interpretations Committee update
  • Due process papers
    • IAS 28 — Equity method: share of other net asset changes
    • Annual improvements — 2011-2013 cycle
  • IAS 8 — Effective date and transition methods
    • Recommendation to remove project from the IASB's agenda
  • Insurance contracts


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

Related Discussions

  • Insurance contracts

    Oct 15, 2012

    The IASB and FASB jointly discussed the discount rate in the premium allocation approach and participating contracts.

  • Insurance contracts

    Oct 17, 2012

    The session was devoted to three topics: (1) Presentation of Premiums and Claims/Benefits in the Statement of Comprehensive Income, (2) Presentation in Statement of Comprehensive Income for Non-Claims Fulfilment Costs and (3) Presentation in Statement of Comprehensive Income for Acquisition Costs.

  • Revenue recognition

    Oct 18, 2012

    The Boards considered possible improvements and clarifications to the requirements for contract modifications that were proposed in paragraphs 18-22 of the 2011 revised Exposure Draft 'Revenue from Contracts with Customers' and possible clarifications and refinements to the proposals on measuring progress towards complete satisfaction of a performance obligation in paragraph 38-48 of the 2011 ED.

  • Due process papers (IASB only)

    Oct 19, 2012

    The Board discussed the proposed amendments to IAS 28 and the annual improvements cycle 2011-2013, deciding to issue a separate exposure draft for the proposed amendments to IAS 16 and IAS 38 on revenue based depreciation and amortisation.

  • Insurance contracts

    Oct 19, 2012

    The IASB discussed financial instruments with participating features and the transitional requirements of the final insurance standard and their interaction with the requirements and effective date of IFRS 9 'Financial Instruments'.