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Joint session with the FASB

Date recorded:

Back­ground

At this meeting, the Board held an entire day of educational sessions with the US Financial Accounting Standards Board (FASB). The purpose was for the boards to update each other on individual projects that partially or entirely overlap with a project of the other board.

The following topics were on the agenda:

  • Segments
  • Primary Financial Statements / Financial Performance Reporting
  • Financial Instruments with Characteristics of Equity / Distinguishing Liabilities from Equity
  • IBOR reform
  • Goodwill and Impairment / Identifiable Intangible Assets and Subsequent Accounting for Goodwill
  • Disclosure Initiative / Disclosure Framework
  • Implementation: Revenue and Leases

As this is an education session, the boards were not asked to make any decisions in this session.

The discussions that were held in this session are not summarised. The agenda papers for this session are available on the IASB website.

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