Final notes from the main February IASB meeting

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18 Feb, 2011

The IASB is holding its regular monthly meeting in London on 15-18 February 2011, some of which is a joint meeting with the FASB.

We've posted Deloitte observer notes from the additional revenue recognition, leases and insurance contracts sessions held on the third day of the meeting and the notes from the fourth day of the meeting (click through for direct access to the notes):

Thursday, 17 February 2011 (IASB-FASB)

  • Revenue Recognition
    • Breakage and prepayments
    • Onerous performance obligations
  • Leases
    • Accounting for variable lease payments
    • Other variable lease payment consideration
  • Insurance Contracts
    • Project assumptions
    • Discount rate for non-participating contracts

Friday, 18 February 2011 (IASB-FASB)

  • Insurance Contracts
    • Discount rate for non-participating contracts
    • Cash flows
    • Explicit risk adjustment
    • Day one gains and losses
    • Margins
    • Refresher on presentation models
    • Discounting non-life contract liabilities and Locking the discount rate

Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.

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