Pre-meeting summaries for the May IASB meeting

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17 May 2018

The IASB will meet for a two-day meeting on 22-23 May 2018. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. For each topic to be discussed we summarise the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

There are seven topics on the agenda.

Tuesday 22 May

the Board will discuss the Primary Financial Statements project, focusing on aggregation and disaggregation of line items in the financial statements, criteria to help entities determine whether to analyse expenses by function or by nature and some remaining issues in relation to management performance measures (MPMs) and earnings per share (adjusted EPS) from the April 2018 Board meeting.

Wednesday 23 May

The Board will discuss disclosure initiative and an initial discussion of the development of guidance for the Board to use when developing and drafting disclosure objectives and requirements.

The staff will continue its analysis of Business Combinations under Common Control and what they describe as the Full Fair Value and Ceiling approaches.

For the project on Rate-regulated Activities the discussion moves on to consider how regulatory assets that are recognised in the model should be measured.

The Board will be asked to decide the form of consultation document that should be issued as the next step in the project on Goodwill and Impairment. The Board had asked the staff to provide it with some additional analysis when it considered this in April.

The Board will consider whether it needs to amend an illustrative example in relation to lease incentives that is included in the material accompanying IFRS 16 Leases.

For Insurance Contracts the Board will be given a summary of the Transition Resource Group held on 2 May and a report on implementation challenges.

More in­for­ma­tion

Our pre-meet­ing summaries are available on our May meeting note page and will be sup­ple­mented with our popular meeting notes after the meeting.

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