Start date:
End date:
Location: London
On April 30, 2018, the International Accounting Standards Board (the Board) issued the Update summary of its meeting held on April 24 and 25, 2018.
The topics for discussion were:
Review the IASB Update and podcast on the Board's Web site.
At its meeting on April 24, 2018, the Board discussed the requirements for management performance measures and management-defined adjusted earnings per share (adjusted EPS). On clarifying requirements for management performance measures, the Board tentatively decided: (i) all entities shall identify a measure (or measures) of profit or comprehensive income that, in the view of management, communicates to users the financial performance of the entity; and (ii) requirements apply to management performance measures as described in paragraph a(ii). On management-defined adjusted earnings per share (adjusted EPS), the Board tentatively decided that if an entity identifies a management performance measure, it is required to: (i) disclose in the notes adjusted EPS calculated consistently with that management performance measure; and (ii) disclose the effects of tax and non-controlling interests separately for each of the differences between the numerator of adjusted EPS and the numerator of EPS. The Board will continue discussing topics within the project’s scope at future Board meetings.
At its meeting on April 24, 2018, the Board discussed the requirements for management performance measures and management-defined adjusted earnings per share (adjusted EPS).
On clarifying requirements for management performance measures, the Board tentatively decided: (i) all entities shall identify a measure (or measures) of profit or comprehensive income that, in the view of management, communicates to users the financial performance of the entity; and (ii) requirements apply to management performance measures as described in paragraph a(ii).
On management-defined adjusted earnings per share (adjusted EPS), the Board tentatively decided that if an entity identifies a management performance measure, it is required to: (i) disclose in the notes adjusted EPS calculated consistently with that management performance measure; and (ii) disclose the effects of tax and non-controlling interests separately for each of the differences between the numerator of adjusted EPS and the numerator of EPS.
The Board will continue discussing topics within the project’s scope at future Board meetings.
Review the IASB Update and podcast on the Board's Web site.
At its meeting on April 25, 2018, the Board decided not to consider allowing any identifiable intangible assets acquired in a business combination to be included within goodwill. The Board discussed whether the next stage in the research project should be a Discussion Paper or an Exposure Draft. The Board did not make a decision on this question. At a future meeting, the staff will present an analysis of the next steps.
At its meeting on April 25, 2018, the Board decided not to consider allowing any identifiable intangible assets acquired in a business combination to be included within goodwill. The Board discussed whether the next stage in the research project should be a Discussion Paper or an Exposure Draft. The Board did not make a decision on this question. At a future meeting, the staff will present an analysis of the next steps.
Review the IASB Update and podcast on the Board's Web site.
At its meeting on April 25, 2018, the Board discussed the application of qualifying criteria to the target profile, as well as designation of items within the target profile and the documentation requirements. Regarding core demand deposits, the staff proposed that financial liabilities can be treated as demand deposits within the model when the following qualifying criteria are met: (i) they have a demand feature; and (ii) they will not reprice with a change in market interest rates. The Board discussed how the dynamic nature of portfolios will affect both the asset and target profiles in the dynamic risk management accounting model. The Board also discussed how the dynamic nature of portfolios will affect the interaction between the asset and target profiles. At future meetings, the staff plan to discuss derivative instruments used for dynamic risk management purposes and begin the discussions on performance assessment.
At its meeting on April 25, 2018, the Board discussed the application of qualifying criteria to the target profile, as well as designation of items within the target profile and the documentation requirements.
Regarding core demand deposits, the staff proposed that financial liabilities can be treated as demand deposits within the model when the following qualifying criteria are met: (i) they have a demand feature; and (ii) they will not reprice with a change in market interest rates.
The Board discussed how the dynamic nature of portfolios will affect both the asset and target profiles in the dynamic risk management accounting model. The Board also discussed how the dynamic nature of portfolios will affect the interaction between the asset and target profiles.
At future meetings, the staff plan to discuss derivative instruments used for dynamic risk management purposes and begin the discussions on performance assessment.
Review the IASB Update and podcast on the Board's Web site.