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IASB meeting — 15–16 December 2015

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The International Accounting Standards Board (IASB) met at its offices in London on 15–16 December 2015. A large portion of the meeting was devoted to the clarification of IFRS 15 where the comment period ended in October. This topic saw three hours of discussions by the IASB alone and two hours together with the FASB. Also, the IASB gave some in-depth attention to its research project on discount rates where the staff updated the IASB on their findings regarding the components of present value measurement and measurement methodology. The IASB also confirmed the indefinite deferral of the amendments to IFRS 10 and IAS 28 that it issued in August 2015.

Agenda for the meeting

Tuesday, 15 December 2015

Morning session (09:00–13:00)

  • Effective date of amendments to IFRS 10 and IAS 28 — Due process.
  • Disclosure initiative:
    • Standards-level review of disclosures.
    • Amendments to IAS 7 Statement of Cash Flows.
  • IFRS implementation issues
  • Definition of a business
Afternoon session (14:00–17:45)
  • Research programme.
  • Revenue from contracts with customers.

Wednesday, 16 December 2015

Morning session (10:00–12:00)

  • Discount rates.

Afternoon session (13:00–15:00) - joint with FASB

  • Revenue from contracts with customers.

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

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