At its meeting with the Standards Advisory Council, IASB presented the following as its proposed initial technical agenda:

• Preface
• Transition and First-Time Application of IAS
• Improvements Project
• Financial Instruments, including Limited Revisions to IAS 39, Derecognition, and the Joint Working Group proposal
• Disclosure of Banking Activities
• Insurance Contracts
• Business Combinations
• Measurement
• Share-Based Payments
• Derecognition of Assets and Liabilities - both financial and non-financial assets
• Performance Reporting Second Priority Projects
• Impairment
• Intangible Assets
• Lease Accounting
• Research and Development Research Projects
• Revaluations
• Extractive Industries
• Framework - especially definitions of assets, liabilities, equity, income and expenses.
• Liabilities and Equity
• Accounting for SMEs -- whether special guidance was needed for small and medium sized unlisted entities
• Management Discussion and Analysis - whether IASB should provide guidance on the preparation and presentation of information outside of the normal financial statements.