Notes from Day 2 of November IASB meeting
18 Nov, 2010
The International Accounting Standards Board (IASB) is holding its regular November meeting in Norwalk, United States.
The topics discussed were as follows (click through for Deloitte observer notes on each topic):
- Post-employment benefits (IASB only)
- Presentation
- Disclosure
- Classification
- Technical plan
- Financial instruments
- Discontinued operations
- Conceptual Framework
- Asset and liability offsetting
- Primary model — unconditional right and intention to offset
- Simultaneous settlement of financial asset and liability
- Unconditional right to offset
- Comparison of financial statements prepared under IFRS and US GAAP
- Financial Instruments - Impairment
- Education session
- Revenue Recognition
- Update on outreach and comment letters
- Other Comprehensive Income
- Major issues from respondents
The Board also discussed the conceptual framework (reporting entity phase). We will post notes from this additional topic on Friday 19 November.
Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.