This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IASB meeting — 1–2 March 2011

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The IASB and FASB held a special two-day joint meeting in early March to discuss a number of projects. The FASB joined via teleconference from Norwalk, CT while several IASB members joined by teleconference or telephone.

Agenda for the meeting

Tuesday, 1 March 2011

IASB-FASB joint meeting (12:00-16:15)

  • Revenue recognition
    • Onerous performance obligations - Exception for "loss-leader" contracts
    • Onerous performance obligations - Costs included in the onerous contract test
  • Insurance contracts
    • Locking in the discount rate
    • Discounting non-life contract liabilities
    • Scope
  • Financial statement presentation
    • Report on the results of outreach activities

Wednesday, 2 March 2011

IASB-FASB joint meeting (12:00-17:00)

  • Insurance contracts (continued from previous day)
    • Financial guarantee contracts
    • Field testing results
    • Information session on uncertainty in the measurement of insurance liabilities
    • Acquisition costs
    • Information session on presentation
  • Leases
    • Right-of-use model
    • Scope of the leases standard
  • Effective dates and transition methods - Summary of comments

Agenda papers for this meeting can be accessed on the IASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.