18-21 July 2006, London

Tuesday 18 July 2006

• Amendments to IAS 37
• IFRIC Update
• IFRS 2 – Vesting Conditions and Cancellations
• Conceptual Framework – Definitions of assets and liabilities
• Pensions – Agenda decision
• Insurance Contracts - Phase 2:
  • Unit-linked insurance contracts. Profit or loss could be affected when a unit-linked fund holds investments that are not measured at fair value through profit or loss.
  • Premium presentation. Should an insurer present all premiums as revenue, all premiums as deposit receipts or some premiums as revenue and some premiums as deposit receipts?

• Leases – Agenda decision
• Process for non-urgent, minor amendments to standards – The Board will discuss a process for making minor amendments to standards.
• Accounting Standards for Small and Medium-sized Entities - review of the financial instruments section of a revised draft ED

• Short-term Convergence: Interests in Joint Ventures – Classification of direct and indirect interests in a joint arrangement. Analysis of scenarios.
• Consolidations – Control
• Business Combinations II - Continued redeliberations of the proposed revised IFRS 3.
• Segment Reporting - To discuss the major issues raised by constituents on ED 8 Operating Segments.
• Revenue Recognition – The Board will consider issues arising from the application of its revenue recognition criterion, which it developed at the April joint meeting with the FASB.

• Related Party Disclosures – Agenda decision
• Financial Statement Presentation – Application of the working principles: how information might be categorised and displayed in the financial statements (see notes from March 2006 Board meeting).