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IASB meeting — 16–20 July 2012

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The IASB met in London on 16–20 July 2012, some of the meeting being a joint meeting with the FASB. Notable outcomes from the meeting include the IASB tentatively deciding that an investor in an associate should account for its share of changes in net assets of the asset in equity (a separate exposure draft will be issued), the IASB completing the decision process in preparation of issuing a revised exposure draft on leases, the IASB tentatively agreeing to move towards balloting the investment entity consolidation exemption, and the FASB outlining constituent concerns in the financial instrument impairment project. The Boards, or IASB separately, also continued discussion in a number of projects, including revenue recognition, insurance, macro hedging and the limited reconsideration of IFRS 9. The IASB also received a report on its due process activities over the past year.

Agenda for the meeting

Monday, 16 July 2012

IASB-FASB meeting (15:30-16:30)

  • Consolidation — Investment entities

IASB meeting (16:45-17:15)

  • Insurance contracts

Tuesday, 17 July 2012

IASB meeting (09:00-11:15)

  • Due process
  • Leases
  • Financial instruments — Macro hedging

IASB education sessions (11:30-15:00)

  • Leases
  • Financial instruments — Impairment
  • Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement)

IASB-FASB meeting (15:00-18:15)

  • Leases

Wednesday, 18 July 2012

IASB meeting (09:30-10:15)

  • IAS 28 Investments in Associates and Joint Ventures — Application of equity method when an associate/joint venture’s equity changes outside of comprehensive income

IASB education sessions (10:15-13:15)

  • Revenue recognition

IASB-FASB meeting (14:15-17:30)

  • Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement)
  • Financial instruments — Impairment

Thursday, 19 July 2012

IASB meeting (08:30-12:15)

  • Consolidation — Investment entities

IASB-FASB meeting (12:15-17:00)

  • Revenue recognition

Friday, 20 July 2012

IASB meeting (09:00-12:15)

  • Financial instruments — Impairment
  • Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement)


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

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