21-24 February 2006, London

Tuesday 21 February 2006 (afternoon only)

• Short-term Convergence: Income Taxes
  • Transitional arrangements
  • Cost-benefit analysis
  • Update on FASB Interpretation on uncertain tax positions
• Business Combinations II
  • Scope - joint ventures
  • Control
  • Definition of a business combination
  • Bargain purchases and overpayments
• Government Grants - future status of the project

Wednesday 22 February 2006

• Financial Instruments Puttable at Fair Value
  • Proposed amendments to IAS 32
• Accounting Standards for Small and Medium-sized Entities
  • Initial review of a preliminary staff draft of an exposure draft
• Revenue Recognition
  • Executory contracts
  • Meaning of 'performance'
• Proposed amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  • Analysis of comment letters on ED
  • Also analysis of comment letters on ED of related amendments to IAS 19

Thursday 23 February 2006 (afternoon only)

• Conceptual Framework – Definitions of elements
• Fair Value Measurements – Discussion of the FASB's draft fair value measurements standard

Friday 24 February 2006 (morning only)

• Insurance Contracts Phase II
  • Continuation, cancellation and renewal options
  • Participating contracts
  • Acquisition costs
  • Gain or loss on initial measurement/liability recognition
  • Measurement attribute: non-life insurance pre-claims liability