Consultation with SAC on IASB Agenda
Date recorded:
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.