Related Discussions

• Leases

• Feb 29, 2012

• The IASB and FASB received a summary from the Working Group Meeting held on January 24, 2012 and also discussed: (1) three alternative approaches to subsequently measuring the right-of-use ('ROU') asset by the lessee, and whether there are any consequences for lessor accounting resulting from the outcome of the lessee accounting discussions (2) whether the Boards agree with their previous tentative decision to exclude leases of investment property from the scope of the receivable and residual approach and whether there are any consequences for lessee accounting arising from this tentative decision.

• Leases – Education session

• Feb 27, 2012

• The IASB held an education session to allow IASB members the opportunity to ask questions or provide feedback to the staff in advance of discussing the topics again during the joint IASB and FASB meeting.

• Report of the IASB Chairman

• Jan 12, 2012

• Hans Hoogervorst noted that he had provided a detailed written report with supporting appendices. He limited his remarks to highlighting some issues.

• Leases

• Dec 14, 2011

• The IASB and FASB discussed (1) cancellable leases (2) lessor accounting for rental income arising from investment property (3) disclosure requirements for lessors.

• Leases – Education session

• Dec 13, 2011

• The IASB held an education session on (1) cancellable leases (2) lessor accounting for rental income arising from investment property that is outside the scope of the lessor receivable and residual approach (3) disclosure requirements for lessors that have leases of investment property that are excluded from the scope of the receivable and residual approach.

• Leases

• Nov 16, 2011

• As part of its continuing deliberations surrounding the Exposure Draft Leases, the IASB and FASB discussed: (1) consequential amendments to IFRS 3 'Business Combinations' / Topic 805 'Business Combinations' in the FASB Accounting Standards Codification, (2) transition requirements related to IFRS 3 and Topic 805, (3) consequential amendments to IAS 23 'Borrowing Costs' / Topic 835 'Interest' and (4) transition accounting for secured borrowings.

• Leases

• Nov 15, 2011

• The IASB discussed the transitional requirements for a first-time adopter of IFRSs regarding leases; considering whether some of the transitional requirements and relief provided for existing IFRS preparers should also be provided to a first-time adopter of IFRSs.

• Leases

• Nov 01, 2011

• As part of its continuing deliberations surrounding the Exposure Draft Leases, the Boards discussed: (1) disclosure requirements for lessors, (2) transition accounting for both lessees and lessors and (3) transition accounting for sale and leaseback transactions.

• Leases

• Oct 19, 2011

• The IASB and FASB continued redeliberations on the Leases exposure draft, discussing: (1) The proposed receivable and residual approach (2) How the receipt of variable lease payments impact the subsequent measurement of the residual asset (3) Lessor presentation in the statement of comprehensive income (4) Fair value requirement for lease receivable held for sale. *Transition requirements for both lessee and lessor.

• Leases

• Sep 21, 2011

• As part of its continuing deliberations surrounding the Leases ED, the IASB and FASB discussed the presentation of a lessor's lease receivable and residual assets in the statement of financial position, classification of cash received for lease payments by a lessor in the statement of cash flows, as well as lessee transition requirements.

• Leases

• Sep 19, 2011

• As part of its continuing deliberations surrounding the Exposure Draft Leases (Leases ED), the Boards discussed the potential inclusion of inventory within the scope of the leasing standard, the applicability of financial asset guidance to the right to receive lease payments, lessor subsequent measurement issues and lessor accounting for residual value guarantees.

• Administrative session

• Sep 08, 2011

• The IFRS Interpretations Committee deferred further work on two topics (contingent pricing of property, plant and equipment and the 'continuous transfer' concept under IFRIC 15) given the interrelationship of the topics to two projects currently being discussed by the IASB (the revenue and leasing projects).

• Effective dates

• Jul 21, 2011

• The IASB and FASB considered (1) whether to re-expose the proposals in the leasing project, (2) a detailed assessment of feedback received on effective dates and transitional disclosures and (3) an effective date for the revenue recognition project.

• Leases

• Jul 21, 2011

• As part of its continuing deliberations surrounding Leases ED, the IASB and FASB deliberated on the topics of the lessee presentation and disclosure.

• Leases

• Jul 20, 2011

• As part of its continuing deliberations surrounding the Exposure Draft Leases, the IASB and FASB deliberated on the topics of the lessor accounting model, accounting for variable lease payments and embedded derivatives.

• Leases

• Jun 15, 2011

• As part of its continuing deliberations surrounding the Leases ED, the IASB and FASB deliberated on the topics of subleases and short-term leases.

• IASB-EFRAG meeting

• Jun 14, 2011

• Multiple Board members of the IASB, its staff and the incoming vice-chairman of the IASB met with members of the European Financial Reporting Advisory Group (EFRAG) to discuss (1) the state of the major projects (2) new standards on consolidation, joint arrangements and disclosures (3) the timeline for completion of major projects.

• Leases

• Jun 14, 2011

• As part of its continuing deliberations surrounding the Leases ED, the Boards discussed lessor issues in Islamic, or Shariah-compliant, leases.

• Leases – lessor accounting

• Jun 13, 2011

• As part of its continuing deliberations surrounding the Exposure Draft 'Leases', the IASB and FASB deliberated on the following topics related to the lessor accounting model: (1) initial measurement of the residual asset (2) initial profit recognition (3) subsequent measurement of the residual asset (4) lease of a portion of the underlying asset.

• Leases

• Jun 01, 2011

• The IASB and FASB deliberated on the following topics in relation to lessee accounting: (1) subsequent measurement and (2) residual value guarantees (RVGs).

• Leases

• May 19, 2011

• The IASB and FASB deliberated on a wide range of topics, as follows: (1) lessee accounting approach (2) lessor accounting in other-than-finance leases (3) lessor accounting in finance leases (4) contract modifications or changes in circumstances (5) options in a lease (6) discount rates in a lease.

• Leases

• May 17, 2011

• After a long, inconclusive and fruitless discussion disagreement between the Boards remained, and it was decided to defer discussion until the Board advisors meet with the staff.

• Leases – Education session

• May 12, 2011

• The IASB held an education session discussing (1) distinguishing between lease accounting approaches (2) lessee accounting for other than finance leases (3) lessor measurement and presentation of finance leases (4) lessor accounting for other than finance leases

• Revenue recognition

• Apr 14, 2011

• The IASB and FASB considered the accounting for put options under sale and repurchase agreements, considering if and when such arrangements should be accounted for as a lease.

• Leases

• Apr 13, 2011

• The IASB and FASB discussed (1) the types and classification of leases (2) initial and subsequent measurement and presentation of both lessee and lessor accounting.