IASB July 2007 Board meeting agenda

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07 Jul 2007

The International Accounting Standards Board will hold its July 2007 meeting at its offices, 30 Cannon Street, London, on Tuesday through Friday 17-20 July 2007. Presented below is the agenda for the meeting.

The meeting will be webcast live.


17-20 July 2007, London

Tuesday 17 July 2007 (afternoon only)

Wednesday 18 July 2007 (afternoon only)

  • Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation – Re-deliberations of Exposure Draft: sweep issues
  • Annual Improvements Process
    • 1. Should IFRS 5 be amended to clarify the accounting in consolidated financial statements of a subsidiary classified as held for sale?
    • 2. Should IAS 36 be amended to conform the disclosures provided for value in use and fair value less costs to sell when discounted cash flow models are used?
    • 3. Should the guidance in IAS 17 relating to the classification of leases of land and buildings be amended?
    • 4. Should IAS 10 be amended to clarify why dividends declared after the balance sheet date are not liabilities?
    • 5. Should IAS 19 be amended to address an inconsistency relating to accounting for plan administration costs?
    • 6. Should the components of borrowing costs in IAS 23 be aligned with the definition in IAS 39?
    • 7. Should IAS 34 be amended to clarify that EPS disclosures need only be given when required by IAS 33?
    • The Board will also be asked to consider some alternative accounting models to address the issues it discussed at the June meeting relating to replanting obligations for biological assets.
    • Transitional provisions and whether early adoption should be encouraged for any or all of the proposed amendments.

Thursday 19 July 2007

  • IAS 27 Consolidated and Separate Financial Statements - Formation of a new parent entity
  • Post-employment Benefits – Discussion paper issues
    1. Definitions
    2. Classification of benefits in payment
    3. Benefit promises that include a 'higher of' option
    4. Issues relating to the measurement of defined return promises
    5. Update from the working group meeting
  • Income Taxes
    • The use of an undistributed or distributed rate to measure deferred tax assets and liabilities
    • Definitions of tax credits and investment tax credits
    • The definition and treatment of special deductions
  • Conceptual Framework – Measurement and Reporting Entity

Friday 20 July 2007 (morning only)

  • Liabilities – Amendments to IAS 37
    1. Distinguishing a liability from a business risk (including stand ready obligations)
    2. Uncertainty about the existence of a present obligation
    3. Constructive obligations

Correction list for hyphenation

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