At its meeting on February 20, 2018, the Board discussed: (i) a clarification of the proposals for management performance measures (MPMs); and (ii) whether we should require separate presentation of the investing cash flows of ‘integral’ and ‘non-integral’ associates and joint ventures in the statement of cash flows.

The Board will continue its discussions about management performance measures and other topics included in the project scope at a future meeting.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on February 22, 2018, the Board tentatively decided to use the acquisition method set out in IFRS 3, Business Combinations as the starting point in its analysis of transactions within the scope of the project. Using that starting point will not determine whether the Board will ultimately propose applying the acquisition method to all, or even to many, transactions within the scope of the project.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on February 22, 2018, the Board discussed the role of the asset profile within the dynamic risk management model. In particular, the Board discussed the application of qualifying criteria to the asset profile, as well as designation of items within the asset profile and documentation requirements. The Board decided the staff should continue developing the model as follows:

1. to set qualifying criteria for items within the asset profile;
2. to allow for designation on a portfolio basis;
3. to allow for designation of a percentage of a portfolio, provided conditions are met;
4. to preclude voluntary de-designation;
5. to require de-designation when certain events take place; and
6. to require formal documentation.

At a future meeting, the Board will discuss the target profile as described in the model.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on February 22, 2018, the Board discussed the possible accounting model being developed for activities subject to "defined rate regulation".

The Board tentatively decided that:

1. the accounting model will use as its unit of account the individual timing differences that create the incremental rights and obligations arising from the regulatory agreement.
2. the present regulatory right—to charge a rate increased by an amount as a result of past events—meets the definition of an asset in the Conceptual Framework.
3. the present regulatory obligation—to provide goods or services at a rate reduced by an amount as a result of past events—meets the definition of a liability in the Conceptual Framework.

The Board will discuss proposals for the scope and recognition requirements of the model before deciding whether to publish an Exposure Draft or a Discussion Paper as the next consultation document for the project.

Review the IASB Update and podcast on the Board's Web site.