Notes from the October IASB meeting

  • 2011oct Image

23 Oct 2011

The IASB's regular monthly meeting was held on 19-20 October 2011 in Norwalk, CT, USA, part of it a joint meeting with the FASB.

We have posted additional Deloitte observer notes from the meeting (click through for direct access to the notes):

Wednesday, 19 October 2011 (other sessions)

  • Leases (IASB-FASB)
    • Receivable and residual approach
    • Variable lease payments and the measurement of the residual asset
    • Presentation statement of comprehensive income
    • Fair value requirement for lease receivables held for sale
    • Lessee transition
    • Lessor transition

Thursday, 20 October 2011

  • Financial Instruments – Impairment (IASB-FASB)
    • Relative credit risk approach
    • Transferring out of Bucket 1
    • Disclosures
    • Next steps
  • Insurance Contracts (IASB-FASB)
    • Scope – Fixed fee service contracts
    • Presentation – Statement of financial position (SoFP)
    • Eligibility criteria for the Premium Allocation Approach (PAA)

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

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