Notes from Day 2 of the main February IASB meeting

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17 Feb 2011

The IASB is holding its regular monthly meeting in London on 15-18 February 2011, some of which is a joint meeting with the FASB.

We've posted Deloitte observer notes from the second day of the meeting (click through for direct access to the notes):

Wednesday, 16 February 2011 (IASB-FASB)

  • Revenue Recognition
    • Identifying separate performance obligations
    • Revenue recognition for services
  • Insurance Contracts
    • Education session on 'unbundling'
  • Leases
    • Initial measurement of options to extend or terminate a lease
    • Reassessment requirements associated with options to extend or terminate a lease
    • Symmetry between lessee and lessor accounting

Notes from the additional session on revenue recognition held later in the day 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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