Notes from regular May IASB meeting

  • IASB May 2011 Image

19 May 2011

The IASB held its regular monthly meeting in London on 17-19 May 2011, much of which was a joint meeting with the FASB.

We've posted further Deloitte observer notes from a number of sessions of the meeting (click through for direct access to the notes for each topic):

Wednesday, 18 May 2011 (IASB/FASB) (other sessions)

  • Insurance contracts (includes summary of discussion on Tuesday 17 May)
    • Risk adjustment
    • Composite margins
    • Model comparison
  • Revenue recognition (expanded notes now available)
    • Amortisation and impairment of assets recognised from costs incurred to acquire/fulfil a contract with a customer
    • Onerous contracts

Thursday, 19 May 2011 (IASB)

  • IFRS Interpretations Committee — update from last meeting
  • Annual improvements

The leases discussion held on Tuesday resulted in a disagreement between the Boards – discussion was deferred until the Board advisors meet with the staff. We will post notes from the leases session on Thursday soon.

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

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