IASB meeting — 20-22 November 2013

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The International Accounting Standards Board (IASB) met at its offices in London on 20-22 November 2013. Part of the meeting was held jointly with the Financial Accounting Standards Board (FASB) to discuss the classification and measurement of financial instruments and leases. The IASB considered rate regulated activities (both the interim standard and research project), possible amendments to IAS 1 (disclosure initiative and going concern disclosures), annual improvements 2010-2012 cycle, revenue recognition, financial instruments impairment, the due process followed and possible finalisation of the next due process steps in a number of narrow scope projects (annual improvements 2012-2014 cycle, amendments to IFRS 10/IAS 28, IAS 16/IAS 38 and IFRS 11), and the post-implementation review of IFRS 3.

Agenda for the meeting


IASB meeting (09:00-13:30)

  • Narrow scope projects — Summary of due process followed and finalisation plans for next project step:
    • IFRS 10/IAS 28 — Sale or contribution of assets between an investor and its associate or joint venture
    • IFRS 11 — Acquisition of an interest in a joint operation
    • IAS 16/IAS 38 — Acceptable methods of depreciation and amortisation
    • Annual improvements — 2012-2014 cycle (ED)
  • Annual improvements — 2010-2012 cycle
    • IFRS 2 — vesting conditions
  • Rate-regulated activities — Interim IFRS
  • IAS 1 — Disclosure initiative
  • IAS 1 — Disclosures about going concern
  • Revenue recognition

IASB-FASB meeting (13:30-18:00)

  • Financial instruments — Limited amendments to IFRS 9 (classification and measurement)
  • Leases


IASB meeting (14:30-17:45)

  • Financial instruments — Impairment
    • Loan commitments and financial guarantees
    • Financial assets measured at fair value through other comprehensive income (FVOCI)
    • Interest revenue — Calculation and presentation
    • Purchased and originated credit-impaired financial assets
    • Simplified approach for trade receivables and lease receivables
    • Mandatory effective date of IFRS 9


IASB meeting (09:00-11:00)

  • IFRS 3 Business Combinations — Post-implementation review
  • Rate regulated activities — Research project


Agenda papers from this meeting are available on the IASB's website.

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