Updated IASB work plan
01 Jul 2011
The IASB has published an updated work plan, outlining the expecting finalisation of its projects, with many of the major projects not expected to result in a finalised IFRS until 2012.
The following is a summary of the revised timing of projects:
- Revenue recognition – re-exposure in the third quarter of 2011 (as previously announced), target date for a completed IFRS in the first half of 2012
- Leases – also to be re-exposed in the third quarter of 2011, with a target date of completed IFRS in the first half of 2012
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Financial instruments:
- re-exposure or a review draft of the proposals on impairment in the second half of 2011
- finalised IFRS on hedge accounting expected in the fourth quarter of 2011
- an exposure draft on macro hedge accounting to be published by the end of 2011
- finalised IFRS on asset and liability offsetting targeted for the third quarter of 2011
- Consolidation – exposure draft on investment companies to be published in July (on the same day as the FASB proposals)
- Insurance contracts – re-exposure of a review draft expected in the fourth quarter of 2011, with a target date of a completed IFRS in the first half of 2012
- Agenda consultation – a Request for Views arising from the three-yearly public consultation on the IASB's future technical agenda is expected in the third quarter of 2011.
Click for access to the updated workplan (link to the IASB website).
Related Topics
- Agenda consultation 2011
- Financial instruments — Asset and liability offsetting
- Financial instruments — Comprehensive project
- Financial instruments — General hedge accounting
- Financial instruments — Impairment
- Insurance contracts — Comprehensive project
- Leases (IFRS 16)
- Revenue recognition
- Financial instruments — Macro hedge accounting