The following topics are on the agenda for both meetings:

Power purchase agreements: The staff will present its preliminary views on how to address accounting issues related to power purchase agreements. No decisions will be asked of the IASB.

Post-implementation review (PIR) of IFRS 15 Revenue from Contracts with Customers: The IASB will discuss the feedback received in response to the request for information on the PIR of IFRS 15 and a plan for the next phase of the project. The staff will not ask any decisions from the IASB.

Maintenance and consistent application: The IASB will discuss the finalisation of an agenda decision published by the IFRS Interpretations Committee and give IASB members the opportunity to comment on the most recent IFRIC Update.

Amendments to the classification and measurement of financial instruments: The IASB will decide on the staff recommendations to finalise proposals in the exposure draft Amendments to the Classification and Measurement of Financial Instruments with regard to the assessment of contractual cash flows, financial assets with non-recourse features and contractually linked instruments.

IFRS accounting taxonomy update—amendments to IAS 12, IAS 21, IAS 7 and IFRS 7: The IASB will discuss the feedback received on the proposed IFRS taxonomy update International Tax Reform—Pillar Two Model Rules, Supplier Finance Arrangements and Lack of Exchangeability. No decisions will be made.

Second comprehensive review of the IFRS for SMEs accounting standard: The IASB will continue its redeliberations on the proposals in the exposure draft Third edition of the IFRS for SMEs Accounting Standard. The staff developed recommendations with regard to liabilities arising from financing activities, bearer plants, impairment of financial assets and leases.

Disclosure initiative—subsidiaries without public accountability: disclosures: The IASB will decide on sweep issues with regard to some more judgemental changes to the disclosure requirements proposed in the exposure draft Subsidiaries without Public Accountability: Disclosures resulting from implementing the modified approach discussed in previous meetings.

Updating the Subsidiaries without Public Accountability: Disclosures standard: The IASB will discuss disclosure requirements that the staff recommends to propose in a catch-up exposure draft following the publication of the forthcoming IFRS accounting standard Subsidiaries without Public Accountability: Disclosures. The staff recommends disclosures relating to supplier finance arrangements, international tax reform—pillar two model rules and lack of exchangeability.

Feedback on ISSB consultation on agenda priorities (joint session with the ISSB): The boards will discuss the feedback received in response to the ISSB’s request for information Consultation on Agenda Priorities related to integrated reporting and connectivity to help decide which next steps should be taken by the ISSB and IASB respectively. The boards will also discuss the overlap that arose between the IASB’s management commentary project and the ISSB’s potential project on connectivity and integrated reporting, and the stakeholder interest in the boards working together in these areas.

Our pre-meeting summaries is available on our January meeting notes page and will be supplemented with our popular meeting notes after the meeting.