There are nine topics on the agenda.

Wednesday 21 June

The meeting begins with Disclosure Initiative: Materiality Practice Statement. The staff are responding to comments received as a result of an external review of the draft practice statement.

The next topic is Accounting Policies and Accounting Estimates, and a recommendation to remove one of the examples in IAS 8.

The Board will continue its discussion of Primary Financial Statements, focusing on approaches for describing capital structure, developing a principles-based approach for EBIT, management-defined performance measures, adjusted earnings per share and presenting the share of equity method profits or losses.

In the afternoon session the Board will look at rate-regulation examples and how the proposed model would apply to them.

The day concludes with Conceptual Framework discussion about limitations on what may constitute a reporting entity in situations when the reporting entity is not a legal entity.

Thursday 22 June

The meeting continues on Thursday morning with IFRS Implementation Issues, including a proposal to provide special transitional arrangements when an entity changes an accounting policy as a consequence of an IFRS Interpretations Committee agenda decision.

The Board will discuss the feedback from the comment letters on the proposed amendment to IFRS 9 on prepayment features with negative compensation, including the likely effective date.

The education sessions on dynamic risk management continue, focusing on a high-level illustration of the dynamic aspect of dynamic risk management.

The meeting concludes with a further discussion of the definition of a business.

More information

Our pre-meeting summaries are available on our June meeting note page and will be supplemented with our popular meeting notes after the meeting.