19-21 April 2005, London

Tuesday 19 April 2005

IASB Board Meeting Location: IASB Offices, 30 Cannon Street, London

• Extractive Industries [Education Session]
• Insurance Contracts [Education Session]
• Amendments to IAS 39: The Fair Value Option
• Financial Guarantee Contracts and Credit Insurance
• Short-term Convergence – Income Taxes
• IFRS 6 – Clean-up Issue
• IFRIC Update

Wednesday 20 April 2005

Meeting of the IASB and the Liaison National Standard Setters Location: The Council Room, One Great George Street, Westminster, London SW1P 3AA

• Provisional agenda not yet announced

Thursday 21 April 2005

Meeting of the IASB and the US FASB Location: The Council Room, One Great George Street, Westminster, London SW1P 3AA

• Financial Instruments – Way Forward The Boards will discuss alternative approaches towards future projects on financial instruments accounting.
• Performance Reporting
  • 1. What topics will be addressed in Segment A and Segment B, including agreement on the required financial statements, whether to require a single statement of comprehensive income with a total for comprehensive income while retaining a subtotal similar to the concept of 'income from continuing operations' or 'profit or loss', and agreement on the number of years required to be presented in comparative financial statements.
  • 2. Whether the issue on requiring the presentation of the direct method for the statement of cash flows should be addressed in either Segment A or Segment B
  • 3. What is the timing and the type of document(s) for public comment that should be used for Segment A and Segment B
  • 4. Whether the document(s) for public comment should be drafted jointly by the IASB and FASB staff using the same wording (similar to a new standard such as Business Combinations II) or if the staff should amend each Board's existing guidance/literature using the same wording (whenever possible)
• Short-term Convergence: Income Taxes
• Concepts – Objectives