Additional agenda projects

Date recorded:

: The Board agreed that its staff should develop detailed project proposals for the following six projects for consideration as additional IASB agenda projects:

  • Convergence topics: areas in which fairly limited changes to IAS could bring IASB standards in line with those of its partner standard-setters. Two topics mentioned were the smoothing mechanism for pensions in IAS 19 and accounting for income taxes under IAS 12.
  • Business combinations - phase II
  • Small and medium sized enterprises and enterprises in emerging economies
  • Consolidation, especially Special Purpose Entities (SPEs)
  • Financial Instruments - next steps, including approach to the Joint Working Group recommendations.
  • Conceptual Framework, including definitions of the elements of financial statements and liability and revenue recognition.

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