IASB meeting — 12–14 June 2012

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The IASB held its regular meeting on 12–14 June 2012, much of it a joint meeting with the FASB. With the exception of revenue recognition, discussions were held on each of the major joint projects (leases, insurance contracts and financial instruments), with a highlight being the boards agreement on a common approach to lease expense recognition. Other topics discussed included the proposed exemption from consolidation for investment entities, various matters related to the IFRS Interpretations Committee, the post-implementation review of IFRS 8 and the comprehensive review of the IFRS for SMEs.

Agenda for the meeting

Tuesday, 12 June 2012

IASB meeting (10:00-11:00)

  • Investment entities — education session (notes incorporated into Wednesday's session)

IASB-FASB joint meeting (11:00-15:00)

  • Insurance contracts

Wednesday, 13 June 2012

IASB-FASB joint meeting (09:00-15:15)

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

Thursday, 14 June 2012

IASB meeting (09:00-13:15)

  • Post-implementation review of IFRS 8 Operating Segments
  • IFRIC update
  • Issues from the Interpretations Committee

IASB meeting (14:15-17:00)

  • Insurance contracts
  • Investment entities
  • IFRS for SMEs

Friday, 15 June 2012

All joint IASB/FASB leases and investment entity discussions were concluded on Wednesday 13 June, so sessions that were originally scheduled to be held on Friday 15 June were moved forward to Thursday 14 June. Accordingly, no public sessions were held on Friday.


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

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