Agenda for February 2007 IASB meeting

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09 Feb 2007

The International Accounting Standards Board will hold its February 2007 Board meeting at its offices, 30 Cannon Street, London, on Tuesday through Thursday 20-22 February 2007.

Presented below is the agenda for the meeting.

20-22 February 2007, London

Tuesday 20 February 2007(afternoon only)

  • Conceptual Framework– Discussion of:
    • 1. A working definition of a potential element, tentatively called claims, and its implications if used to replace the liabilities and equity elements
    • 2. A staff analysis of comments received on the July 2006 Discussion Paper on objective and qualitative characteristics

Wednesday 21 February 2007

Thursday 22 February 2007

  • IAS 41 Agriculture – Measurement: Whether to remove the prohibition on taking into account 'additional biological transformation' in estimating the fair value of biological assets using discounted cash flows (issue referred from IFRIC)
  • Annual Improvements Process:
    • A perceived conflict in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors regarding the status of Implementation Guidance
    • Whether IFRS 1 should be restructured to make it less complex and more clear
  • Post-employment benefits– Preliminary Views
    • Definition of defined contribution, defined benefit and asset-based benefit promises
    • Introduction to measurement options for cash balance and similar plans
    • Presentation options for defined benefit pension plans.
  • Business Combinations Phase 2 – Redeliberations of proposed revisions to IFRS 3 Business Combinations
  • Financial Statement Presentation

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