20-22 February 2007, London

Tuesday 20 February 2007(afternoon only)

• Conceptual Framework– Discussion of:
  • 1. A working definition of a potential element, tentatively called claims, and its implications if used to replace the liabilities and equity elements
  • 2. A staff analysis of comments received on the July 2006 Discussion Paper on objective and qualitative characteristics

Wednesday 21 February 2007

• Insurance Contracts – Continued discussion of a draft Discussion Paper
• Liability and Equity – Educational Session
• IAS 39 Definition of a Derivative – Indexation on an entity's own revenue or EBITDA (issue referred from IFRIC)

Thursday 22 February 2007

• IAS 41 Agriculture – Measurement: Whether to remove the prohibition on taking into account 'additional biological transformation' in estimating the fair value of biological assets using discounted cash flows (issue referred from IFRIC)
• Annual Improvements Process:
  • A perceived conflict in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors regarding the status of Implementation Guidance
  • Whether IFRS 1 should be restructured to make it less complex and more clear
• Post-employment benefits– Preliminary Views
  • Definition of defined contribution, defined benefit and asset-based benefit promises
  • Introduction to measurement options for cash balance and similar plans
  • Presentation options for defined benefit pension plans.
• Business Combinations Phase 2 – Redeliberations of proposed revisions to IFRS 3 Business Combinations
• Financial Statement Presentation