Notes from December IASB meeting

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15 Dec 2010

The IASB is meeting in London on 13-17 December 2010 for its regular December meeting, some of which is a joint meeting with the FASB.

We've posted Deloitte observer notes from the topics discussed on the first two days of the meeting, as follows (click through for direct access to the notes for that particular topic):

Monday, 13 December 2010 (IASB only)

  • IFRS 1 — Severe hyperinflation — comment letter analysis
    • Scope of the amendment
    • Comparative information
    • Other comments
  • Post-employment benefits
    • Past service costs, curtailments and settlements
    • Multi-employer plans
    • Tax and administration costs
    • Mortality assumptions
    • Incorporating IFRIC 14
    • Identification of back-end loaded plans
    • Interim reporting
    • State plan and group plan disclosures

Tuesday, 14 December 2010 (IASB-FASB joint meeting)

  • Fair value measurement
    • Disclosure requirements for modifications to fair value
    • Fair value measurement of a liability issued with an inseparable third-party guarantee
  • Asset and liability offsetting
    • Multilateral netting arrangements
    • Disclosure requirements
    • Transition requirements
    • Comment period

The IASB and FASB also discussed revenue recognition, the notes for this session will be posted soon.

Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.

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