The following topics are on the agenda:

Equity method: The IASB will be asked to clarify several matters arising from its tentative decisions and decide whether to propose amendments to IFRS Accounting Standards; and consider which, if any, of the disclosure requirements to be proposed in the future exposure draft should also be proposed as amendments to the forthcoming IFRS Accounting Standard Subsidiaries without Public Accountability: Disclosures.

Second comprehensive review of the IFRS for SMEs standard: The IASB will consider feedback on the proposals in the ED on Section 9 Consolidated and Separate Financial Statements, Section 19 Business Combinations and Goodwill and Section 23 Revenue from Contracts with Customers.

Maintenance and consistent application: The IASB will discuss the staff’s analysis of feedback received in response to exposure draft Annual Improvements to IFRS Accounting Standards—Volume 11; and its project on use of a hyperinflationary presentation currency by a non-hyperinflationary entity (IAS 21), in particular the disclosure and transition requirements, as well as the due process requirements.

PIR of IFRS 9—impairment: In this meeting, the IASB will deliberate the feedback received in response to its request for information Post-implementation Review—IFRS 9 Financial Instruments—Impairment. The deliberation will be focused on the two overarching areas of the impairment requirements—the general approach to recognition of the expected credit loss (ECL) and determining significant increases in credit risk (SICR).

PIR of IFRS 15 Revenue from Contracts with Customers: The IASB will discuss feedback received in response to its request for information Post-implementation Review—IFRS 15 Revenue from Contracts with Customers, in particular with regard to identifying performance obligations in a contract, principal versus agent considerations and licensing.

Power purchase agreements: The staff will provide an update on the project and outline the next steps for the project.

IFRS 9 amendments to classification and measurement: The staff will present its analysis and recommendations relating to feedback on the disclosure requirements relating to contractual terms that could change the contractual cash flows of financial assets and financial liabilities not measured at fair value through profit or loss; and the effective date and transition requirements for the final amendments. The staff will also request permission to begin the balloting process for the final amendments and considers which of the new or amended disclosure requirements should apply to subsidiaries without public accountability.

Rate-regulated activities: The IASB will continue to redeliberate the proposals in the exposure draft Regulatory Assets and Regulatory Liabilities, in particular the boundary of a regulatory agreement, amendments to IAS 36 and disclosure.

In addition, the Board will receive a short oral update on changes to its work plan.

Our pre-meeting summaries is available on our February meeting notes page and will be supplemented with our popular meeting notes after the meeting.