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Final notes from the May IASB-FASB special meeting

  • IASB May 2011 Image

16 May 2011

The IASB held a special meeting in London on 11-12 May 2011, which was a joint meeting with the FASB.

We've posted the remaining Deloitte observer notes of the meeting (click through for direct access to the notes for each topic):

Tuesday, 11 May 2011

Wednesday, 12 May 2011

  • Leases: Education Session
    • Distinguishing between lease accounting approaches
    • Lessee Accounting – other than finance lease
    • Lessor Accounting: Finance leases – measurement and presentation
    • Lessor Accounting – other than finance lease
  • Insurance Contracts
    • Accounting mismatch and volatility overview
    • Reducing accounting mismatches in profit or loss through presentation
    • Implications of using OCI to reduce accounting mismatches in profit or loss
    • Assets backing insurance contract liabilities
  • Hedge Accounting
    • Hedge effectiveness assessment

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.