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Notes from the May IASB meeting

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May 23, 2012

The IASB's May meeting was held in Norwalk, CT, on May 21–24, 2012; much of it was a joint meeting with the FASB. Deloitte observer notes are posted from the financial instruments session held on Monday and the revenue session held on Tuesday.

Click for direct access to the notes:

Monday, May 21, 2012 

  • Financial instruments — Limited reconsideration of IFRS 9 (IASB-FASB)
    • Possible introduction of a fair value through other comprehensive income (FV-OCI) measurement category for eligible debt financial instruments.
    • Whether to require reclassifications of financial assets when the business model changes.

Tuesday,  May 22, 2012 

  • Revenue recognition (IASB-FASB)
    • Feedback from comment letters and outreach.
    • Summary of the staffs’ outreach activities.
    • Project plan for redeliberations.

Meeting notes from the other sessions held on these two days 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.