• Annual Improvements
• Consolidation
• Derecognition of Financial Instruments
• Fair Value Measurement
• Financial Instruments: Classification and Measurement – Financial Liabilities
• Income Taxes – limited amendments to IAS 12
• Insurance Contracts
• Joint Arrangements
• Leases
• Liabilities
• Revenue Recognition

 

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

IFRS Insightsis a newsletter on IFRS aimed at US companies. This issue includes:

• An update covering the Securities and Exchange Commission's (SEC) recent statement and IFRS Work Plan
• An article about IFRS and repatriation planning with a look at the opportunities and challenges in statutory reporting
• An overview of the IASB exposure draft, Financial Instruments: Amortized Cost and Impairment
• An industry update about Rate-regulated activities
• Featured IFRS polling results from a recent Deloitte IFRS Dbriefs webcast.

Click to view IFRS Insights Newsletter for March-April 2010 (PDF 404k). We have Permanent Links to all IFRS Insightson our USA country page.

 

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

That section deals with measurement of liabilities that are within the scope of IAS 37. The original deadline of 12 April 2010 has been extended to 19 May 2010. IAS 37 applies to liabilities not covered by other accounting standards, including liabilities to decommission assets, environmental liabilities, obligations under onerous contracts, and liabilities arising from legal disputes. In June 2005, the IASB had published Proposalsto amend IAS 37, including revised measurement requirements. In the light of the comments received, on 5 January 2010 the IASB issued revised proposals that include more guidance on measurement. It is the comment deadline on those revised proposals that has been extended. The IASB intends to replace IAS 37 in the third quarter of 2010. Click for:

• Deloitte's IFRS Global Office has published an IAS Plus Update Newsletter – IASB Refines Proposals for the Measurement of Liabilities in IAS 37 (PDF 89k) explaining the proposals.
• Project Page on IAS Plus

 

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

On 11 March 2010, the IASB published for comment an exposure draft (ED) on the reporting entity concept. The proposals form part of a Joint Project to develop a common and improved conceptual framework that provides the basis for developing future accounting standards. Comment deadline is 16 July 2010. Our newsletter explains the proposals in the ED and their implications for consolidated financial statements and other types of financial statements. Click to view IAS Plus Update Newsletter – IASB publishes Exposure Draft on Conceptual Framework Description of the Reporting Entity (PDF 69k). All of our past IAS Plus newsletters are Here.

 

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

This issue is titled Insurance Accounting Taking Shape and focuses on the discussions the joint IASB-FASB meetings of 10 February and 18 February. The expected publication date of the Exposure Draft is May 2010. Click to download Issue 12 of the Insurance Accounting Newsletter(PDF 130k).