Notes from Day 1 of November IASB meeting
17 Nov, 2010
The International Accounting Standards Board (IASB) is holding its regular November meeting in Norwalk, United States.
Day 1 of the meeting, held on 16 November 2010, was an IASB-only meeting. The topics discussed were as follows (click through for Deloitte observer notes on each topic):
- Liabilities: IFRS to replace IAS 37
- Recognition criteria - threshold for 'liability exists' criterion
- Recognition - guidance for 'liability exists' criterion
- Recognition - removal of 'probable outflows' criterion
- Next Steps
- IFRS 1 - Removal of fixed dates
- Comment letter analysis and effective date
- IFRS Interpretations Committee update
- IFRS 2 Share-based Payment — Vesting and non-vesting conditions
- IAS 32 Financial Instruments: Presentation — Put options written over non-controlling interests
- Financial Instruments - Hedge Accounting
- Macro hedge accounting
The Board also discussed post-employment benefits. Notes from this additional topic will be posted on Thursday 18 November.
Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.