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IASB Meeting — 22–23 May 2018

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)


The IASB will meet for a two-day meeting on 22-23 May 2018 and discuss seven projects.

On Tuesday 22 May the Board will discuss the Primary Financial Statements project, focusing on aggregation and disaggregation of line items in the financial statements, criteria to help entities determine whether to analyse expenses by function or by nature and some remaining issues in relation to management performance measures (MPMs) and earnings per share (adjusted EPS) from the April 2018 Board meeting.

The sessions on Wednesday 23 May begin with the Disclosure Initiative and an initial discussion of the development of guidance for the Board to use when developing and drafting disclosure objectives and requirements.

The staff will continue its analysis of Business Combinations under Common Control and what they describe as the Full Fair Value and Ceiling approaches.

For the project on Rate-regulated Activities the discussion moves on to consider how regulatory assets that are recognised in the model should be measured.

The Board will be asked to decide the form of consultation document that should be issued as the next step in the project on Goodwill and Impairment. The Board had asked the staff to provide it with some additional analysis when it considered this in April.

The Board will consider whether it needs to amend an illustrative example in relation to lease incentives that is included in the material accompanying IFRS 16 Leases.

For Insurance Contracts the Board will be given a summary of the Transition Resource Group held on 2 May and a report on implementation challenges.


Agenda for the meeting

Tuesday 22 May 2018
  • Primary financial statements:
    • Results from NSS disaggregation survey
    • Additional proposals on aggregation and disaggregation
    • Staff proposals on analysis of expenses
    • Outstanding issues on management performance measures (MPMs) and adjusted EPS

Wednesday 23 May 2018

  • Disclosure initiative — disclosure objectives
  • Business combinations under common control
  • Rate-regulated activities — measurement
  • Goodwill and impairment
  • Implementation of lease incentives (IFRS 16)
  • Insurance contracts:
    • Summary of the TRG for IFRS 17 meeting held in May 2018
    • TRG for IFRS 17 submissions
    • TRG for IFRS 17 implementation challenges

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

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