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IASB Meeting — 24–25 April 2018

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

Overview

The IASB meets in London on Tuesday 24 and Wednesday 25 April 2018, discussing six topics.     

Tuesday

Primary Financial Statements

At this meeting the Board will discuss clarifying the requirements for management performance measures (MPMs) and requirements for management-defined adjusted earnings per share (adjusted EPS) in the financial statements.

Business Combinations under Common Control

The purpose of this session is to provide an update to the Board on the approaches being developed by the staff for BCUCC transactions.  It is an education session, which means that Board members are not being asked to make any decisions.

Wednesday

Goodwill and impairment

The Board will continue its discussions on the goodwill and impairment research project. At this meeting it will be asked whether it wants to change the requirement to recognise all identifiable assets acquired in a business combination separately from goodwill and whether the next stage in the project should be to issue a Discussion Paper or an Exposure Draft.

Dynamic Risk Management [Macro-hedging]

The Board will discuss qualifying criteria for the financial liabilities used to determine an entity’s target profile, the designation and de-designation of financial liabilities within the Dynamic Risk Management (DRM) model and corresponding documentation requirements.

Disclosure Initiative – Definition of Material

In 2017 the IASB published a proposal to amend the definition of material in IAS 1 and IAS 8. The comment period closed in January 2018. At this meeting the Board will discuss a general summary of the comments received on the exposure draft to amend the definition of material in IAS 1 and IAS 8. The Board is not being asked to make any decisions.

Implementation

The Board will review the activities of the IFRS Interpretations Committee. The discussion will include concerns raised by respondents about the Committee providing technical responses to highly-specific fact patterns submitted.

 

Agenda for the meeting

Tuesday 24 April 2018
  • Primary financial statement
  • Business combinations under common control

Wednesday 25 April 2018

  • Goodwill and impairment:
    • Next stage in the research project
    • Recent feedback from CMAC and GPF
  • Dynamic risk management:
    • Designation and qualifying criteria
    • The dynamic nature of portfolios
  • Disclosure initiative: Comment letter feedback on ED/2017/6 Definition of Material (Proposed amendments to IAS 1 and IAS 8)
  • Implementation:
    • IFRIC Update — March 2018
    • IFRIC Update — January 2018
    • Interpretations Committee process

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

Correction list for hyphenation

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