Agenda for the July 2016 ASAF meeting

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16 Jun 2016

The International Accounting Standards Board (IASB) has released an agenda for the meeting of the Accounting Standards Advisory Forum (ASAF), which is to be held at the IASB's offices in London on 7-8 July 2016.

The agenda for the meeting is sum­marised below:


Thursday, 7 July 2016 (11:30-18:00)
  • Conceptual framework:
    • Liabilities — Concepts to support the liability definition.
    • Recognition — Low probability of a flow of economic benefits.
  • Financial instruments with the characteristics of equity.
  • Disclosure initiative — Materiality practice statement — Identification of primary users, their information needs and expectations as well as the judgement process.
  • Primary financial statements:
    • Scope.
    • Statement of cash flows — Discussion of the FRC staff paper on the statement of cash flows.


Friday, 8 July 2016 (9:00-14:45)

  • 2015 agenda consultation — Draft work plan and strategy.
  • Quantitative study on goodwill and impairment — Review of results from research by the Accounting Standards Board of Japan and European Financial Reporting Advisory Group.
  • Amendments to IAS 8 — Distinction between changes in accounting policies and changes in accounting estimates.
  • Project updates and agenda planning.

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

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