Notes from the additional March IASB meeting
02 Mar, 2011
The IASB held an additional meeting in London on 1-2 March 2011, which was a joint meeting with the FASB.
We've posted the remaining Deloitte observer notes from the meeting (click through for direct access to the notes):
Tuesday, 1 March 2011
- Revenue Recognition
- Onerous performance obligations - Exception for "loss-leader" contracts
- Onerous performance obligations - Costs included in the onerous contract test
- Insurance Contracts
- Locking in the discount rate
- Discounting non-life contract liabilities
- Scope
- Financial Statement Presentation
- Report on the results of outreach activities
Wednesday, 2 March 2011
- Insurance Contracts (continued from previous day)
- Financial guarantee contracts
- Field testing results
- Information session on uncertainty in the measurement of insurance liabilities
- Acquisition costs
- Information session on presentation
- Leases
- Right-of-use model
- Scope of the leases standard
- Effective Dates and Transition Methods
- Summary of comments
Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.
