IASB meeting — 27 February–2 March 2012

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The IASB's regular monthly meeting was held on 27 February–2 March 2012 in London, part of it a joint meeting with the FASB.

The IASB only sessions saw a continuation of discussions on insurance contracts and macro hedge accounting, consideration of a number of matters related to the IFRS Interpretations Committee (including the status and due process for agenda decisions) and various annual improvements matters.

The joint sessions with the FASB continued debate on financial instruments impairment, classification and measurement (bringing IFRS and US-GAAP requirements closer together) and leases (where the boards disagreed on the amortisation profile for the right-of-use asset).

Agenda for the meeting

Monday, 27 February 2012

IASB meeting (09:00-10:15)

  • Leases— education session

IASB-FASB joint meeting (10:30-15:30)

  • Insurance contracts

Tuesday, 28 February 2012

IASB meeting (09:30-10:30)

  • Insurance contracts

IASB-FASB joint meeting (10:45-18:00)

  • Financial instruments — Impairment
  • Financial instruments — Classification and measurement(limited reconsideration of IFRS 9)
  • Leases

Wednesday, 29 February 2012

IASB-FASB joint meeting (09:00-12:30)

  • Leases

Thursday, 1 March 2012

IASB meeting (10:45-17:30)

  • IFRS Interpretations Committee update
  • IFRS Interpretations Committee issues
  • IFRS Interpretations Committee — Agenda rejection notices
  • IFRIC 15 — Meaning of continuous transfer
  • IAS 27/IAS 32 — Put options over non-controlling interests
  • Financial instruments — Macro hedge accounting

Friday, 2 March 2012

IASB meeting (09:30-12:45)

  • Annual improvements — 2009-2011 cycle
  • Annual improvements — 2010-2013 cycle

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

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