The following is a summary of the revised timing of projects:

• Revenue recognition – re-exposure in the third quarter of 2011 (as previously announced), target date for a completed IFRS in the first half of 2012
• Leases – also to be re-exposed in the third quarter of 2011, with a target date of completed IFRS in the first half of 2012
• Financial instruments:
  • re-exposure or a review draft of the proposals on impairment in the second half of 2011
  • finalised IFRS on hedge accounting expected in the fourth quarter of 2011
  • an exposure draft on macro hedge accounting to be published by the end of 2011
  • finalised IFRS on asset and liability offsetting targeted for the third quarter of 2011
• Consolidation – exposure draft on investment companies to be published in July (on the same day as the FASB proposals)
• Insurance contracts – re-exposure of a review draft expected in the fourth quarter of 2011, with a target date of a completed IFRS in the first half of 2012
• Agenda consultation – a Request for Views arising from the three-yearly public consultation on the IASB's future technical agenda is expected in the third quarter of 2011.

Click for access to the updated workplan (link to the IASB website).