IASB Board Meeting 20-22 March 2007

Start date:

End date:

Location: London

IASB Meeting Agenda

Tuesday 20 March 2007 (afternoon only)


  • Liabilities - amendments to IAS 37 How to distinguish between a liability and a business risk
  • Post-employment Benefits - Preliminary Views Presentation alternatives for changes in defined benefit obligations and the value of plan assets.


Wednesday 21 March 2007

  • Financial Instruments - Due process document
  • Annual Improvements Process:
    • Should the references to segment reporting in IAS 39 Financial Instruments: Recognition and Measurement be removed?
    • Should the perceived inconsistency in the definition of 'recoverable amount' in IAS 16 be removed?
    • Should IAS 40 be amended to clarify how to arrive at the carrying amount of an investment property held under a lease?
    • Should the reference to recognising contingent liabilities in IAS 19 Employee Benefits be removed?
    • Should the term 'fall due' in the definition of short-term employee benefits be replaced to remove the perceived conflict with the term 'expected to occur' used in the description of compensated absences?
    • How should issues that could be resolved either as editorial corrections or by the annual improvements process be dealt with?
    • Restructure of IFRS 1 (discussion continued from February meeting)
  • Technical Plan
  • Business Combinations Phase 2 - Redeliberations of proposed revisions to IFRS 3 Business Combinations
    • measurement of non-controlling interests and accounting for acquisitions and dispositions of non-controlling interests after control has been obtained;
    • accounting for contingent consideration in a business combination;
    • accounting for bargain purchases;
    • accounting for the loss of control of a business as a result of a non-reciprocal transfer to owners;
    • accounting for an assembled workforce acquired in a business combination; and
    • valuation allowance disclosures.

Thursday 22 March 2007

  • Financial Statement Presentation
    • Application of the measurement working principle (including presentation of information about remeasurements)
    • Presentation of other comprehensive income items
    • Definition of cash equivalents and the presentation of cash and cash equivalents
  • Conceptual Framework - Phase C: Measurement
    • Measurement roundtables summary
    • Plan for using Measurement roundtables comments
  • IFRIC Update
  • Earnings per Share
    • Proposed 'fair value' method for dilutive instruments
    • Scoping issues related to the convergence project
  • Leases
    • Discussion of simple lease contract
    • Summary of recent Joint Leasing Working Group meeting.

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