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Notes from the June IASB meeting

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Jun 15, 2012

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

Click for direct access to the notes:

Tuesday, June 12, 2012

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

Wednesday, June 13, 2012

  • Leases (IASB-FASB)
    • Lease expense recognition patterns (also see 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 noninvestment entity parent for the investments of an investment entity subsidiary.

Thursday, June 14, 2012

The meeting originally scheduled for Friday, June 15, is no longer taking place.  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.