IASB and ASBJ meet to discuss convergence
13 Sep 2010
On 9-10 September, the IASB met with the Accounting Standards Board of Japan (ASBJ) for the twelfth time to discuss convergence of Japanese generally accepted accounting principles and IFRSs, and to discuss preparations for the intended adoption of IFRSs in Japan.
A Press Release (PDF 48k) issued by the IASB summarizes the discussions of the two boards on the following topics:
- financial instruments (classification and measurement of financial liability, impairment and hedge accounting)
- consolidation
- leases
- revenue recognition
