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Notes from Days 1 and 2 of the main March IASB meeting

  • IASB Mar 2011 Image

15 Mar 2011

The IASB is holding its regular meeting in London on 14-18 March 2011, some of which is a joint meeting with the FASB.

We've posted Deloitte observer notes from one session from the first day of the meeting and two sessions from the second day of the meeting (click through for direct access to the notes):

Monday, 14 March 2011

  • Leases
    • Distinguishing between a lease and a purchase or sale
    • Accounting for purchase options

Tuesday, 15 March 2011

  • Leases
    • Accounting for short-term leases
    • Definition of short-term lease
    • Application of short-term lease guidance
    • Pattern of Profit or Loss Recognition
  • Fair Value Measurement
    • Effective dates

Notes from the other sessions on insurance contracts will be posted soon.

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

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.