IASB and ASBJ meet to discuss convergence

  • Japan Image

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


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.