Notes from Day 1 of the special IASB-FASB meeting
01 Jun 2011
The IASB is holding a special meeting in London on 31 May - 2 June 2011, much of which is a joint meeting with the FASB.
We've posted Deloitte observer notes from the first day of the meeting (click through for direct access to the notes):
Tuesday, 31 May 2011 (IASB/FASB)
- Insurance contracts — Reinsurance
- Definition of significant risk transfer
- Interdependent contracts
- Recognition of reinsurance contract
- Ceded risk adjustment
- Treatment of gains and losses
- Cession of residual / composite margin on underlying insurance contracts
- Revenue recognition
- Costs of products manufactured for delivery under long-term production programs
Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.