IASB Meeting — 24–25 April 2018

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)


The IASB met in London on Tuesday 24 and Wednesday 25 April 2018, discussing six topics.     


Primary Financial Statements

The Board discussed clarifying the requirements for management performance measures (MPMs) and requirements for management-defined adjusted earnings per share (adjusted EPS) in the financial statements.

Business Combinations under Common Control

The staff updated the Board on the approaches they are developing for BCUCC transactions.


Goodwill and impairment

The Board decided not change the requirement to recognise all identifiable assets acquired in a business combination separately from goodwill. The Board did not decide whether the next stage in the project should be to issue a Discussion Paper or an Exposure Draft, but instead asked the staff to consider this matter further and bring a new paper to a future meeting.

Dynamic Risk Management [Macro-hedging]

The Board discussed qualifying criteria for the financial liabilities used to determine an entity’s target profile, the designation and de-designation of financial liabilities within the Dynamic Risk Management (DRM) model and corresponding documentation requirements.

Disclosure Initiative – Definition of Material

In 2017 the IASB published a proposal to amend the definition of material in IAS 1 and IAS 8. The comment period closed in January 2018. The Board discussed a general summary of the comments received. The Board supported continuing to develop the amendments. 


The Board reviewed the activities of the IFRS Interpretations Committee. The discussion include concerns raised by respondents about the Committee providing technical responses to highly-specific fact patterns submitted. Overall, the Board is comfortable with the approach the Interpretations Committee is taking.


Agenda for the meeting

Tuesday 24 April 2018
  • Primary financial statement
  • Business combinations under common control

Wednesday 25 April 2018

  • Goodwill and impairment:
    • Next stage in the research project
    • Recent feedback from CMAC and GPF
  • Dynamic risk management:
    • Designation and qualifying criteria
    • The dynamic nature of portfolios
  • Disclosure initiative: Comment letter feedback on ED/2017/6 Definition of Material (Proposed amendments to IAS 1 and IAS 8)
  • Implementation:
    • IFRIC Update — March 2018
    • IFRIC Update — January 2018
    • Interpretations Committee process

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

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