Notes from the June IASB meeting

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15 Jun, 2012

The IASB's June meeting was held in London on 12-14 June 2012, some of it a joint meeting with the FASB. We have posted Deloitte observer notes from the sessions on investment entities, insurance contracts, leases, and various IFRS Interpretations Committee matters.

Click through for direct access to the notes:

Tuesday, 12 June 2012

  • Insurance contracts (IASB-FASB)
    • Educational session on measuring earned premiums
    • Allocation of cash flows to the unbundled component

Wednesday, 13 June 2012

  • Leases (IASB-FASB)
    • Lease expense recognition patterns (see also our earlier story)
    • Determination of a dividing line for different types of leases
  • Financial instruments - Limited reconsideration of IFRS 9 (classification and measurement) (IASB-FASB)
    • Scope of fair value through other comprehensive income for debt instruments
    • Fair value option
  • Investment entities (IASB-FASB)
    • Accounting by an investment entity parent for an investment entity subsidiary
    • Accounting by a non-investment entity parent for the investments of an investment entity subsidiary

Thursday, 14 June 2012

The meeting originally scheduled for Friday 15 June is no longer proceeding.  Meeting notes from the other sessions during the meeting will be posted soon.

You can also access 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.