Thursday 7 January 2010 (10:00-18:15h)

• Introduction
• IAS 16 Property, Plant and Equipment – Accounting for production phase stripping costs in the mining industry
• IFRS 2 Share-based Payment – Vesting and non-vesting conditions
• Review of Tentative Agenda Decisions published in November 2009 IFRIC Update
  • IAS 38 Intangible Assets – Amortisation method
  • IFRS 2 Share-based Payment – Contingent manner of settlement
  • IAS 27 Consolidated and Separate Financial Statements – Presentation of comparatives when applying the 'pooling of interests' method
  • IAS 27 Consolidated and Separate Financial Statements – Combined Financial Statements and Redefined Reporting Entities
  • IAS 18 Revenue – Receipt of a dividend of treasury shares
  • IFRS 4 Insurance Contracts and IAS 32 Financial Instruments Presentation – Scope issue for investments in REITs
  • IAS 32 Financial Instruments: Presentation – 'Fixed for fixed' condition
• Annual Improvements – Deliberation of Comments Received
  • IFRS 1 First-time Adoption of IFRSs – Revaluation basis as deemed cost
  • IAS 27 – Impairment of investments in subsidiaries, jointly controlled entities and associates in the separate financial statements of the investor
  • IFRS 3 Business Combinations – Measurement of non-controlling interests
  • IFRS 3 – Transition requirements for contingent consideration from a business combination that occurred before the effective date of the revised IFRS
  • IFRS 7 Financial Instruments: Disclosures – Disclosures about the nature and extent of risks arising from financial instruments
  • IAS 28 Investments in Associates – Partial use of fair value for measurement of associates
  • IAS 39 Financial Instruments: Recognition and Measurement – Bifurcation of embedded foreign currency derivative
  • IAS 39 – Application of the fair value option
  • IAS 34 Interim Financial Reporting – Significant events and transactions

• Staff Recommendations for Tentative Agenda Decision
  • IFRS 8 Operating Segments and IAS 36 Impairment of Assets – Transition provisions for IFRS 8 amendment
  • IAS 21 The Effects of changes in Foreign Exchange Rates – Determination of functional currency of investment holding company
  • IAS 32 Financial Instruments: Presentation – Debt/equity classification of instruments with obligation to deliver cash at the discretion of shareholders
  • IFRS 1 First-time adoption of International Financial Reporting Standards – Accounting for costs included in self-constructed assets on transition
  • IAS 39 Financial Instruments Recognition and Measurement – Unit of account for forward contracts with volumetric optionality
• Administrative Session – IFRIC work in progress

IFRS 8

Operating segments

1 January 2009

December 2006

IFRS for SMEs

IFRS for Small and Medium-sized Entities

Available immediately

July 2009

IFRS 1 and IAS 27

Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate

1 January 2009

May 2008

IFRS 2

Vesting Conditions and Cancellations

1 January 2009

January 2008

IFRS 7

Enhancing disclosures about fair value and liquidity risk

1 January 2009

March 2009

IAS 1

Presentation of Financial Statements

1 January 2009

September 2007

IAS 23

Borrowing cost

1 January 2009

April 2007

IAS 32 and IAS 1

Puttable Financial Instruments and Obligations Arising on Liquidation

1 January 2009

February 2008

IAS 39

Clarification regarding assessment of embedded derivatives

Annual periods ending on or after 30 June 2009

March 2009

IAS 39 and IFRS 7

Reclassification of financial assets

1 July 2008

October 2008

Various

Improvements to IFRSs

Various

May 2008

IFRIC 13

Customer Loyalty Programmes

1 July 2008

June 2007

IFRIC 15

Agreements for the Construction of Real Estate

1 January 2009

July 2008

IFRIC 16

Hedges of a Net Investment in a Foreign Operation

1 October 2008

July 2008

IFRIC 18

Transfers of Assets from Customers

Transfers made after 1 July 2009

February 2009

IFRS Matters

• IASB Issues IFRS on Classification and Measurement of Financial Assets
• IASB Amends IAS 32 to Clarify Rights Issues
• IASB Proposes Changes as Part of Its Annual Improvements Project
• Trustees of IASC Foundation Publish Proposals on Enhanced Accountability and Stakeholder Outreach
• IASC Foundation Exposes IFRS for SMEs Taxonomy for Public Comment
• An Update on the FASB's and IASB's Joint Project on Accounting for Income Taxes
• IASB issues Amendments to IAS 24
• IASB Proposes New Approach to Accounting for Credit Losses
• IFRS Tools

US GAAP Matters

• FASB Issues ASUs on Revenue Arrangements
• FASB Issues ASU on Accounting for Own-Share Lending Arrangements
• FASB Issues Proposed ASU on Embedded Credit Derivative Scope Exception
• FASB Provides Guidance on Accounting for Uncertainty in Income Taxes
• FASB Issues Proposed ASU on Research and Development Assets Acquired in an Asset Acquisition
• FASB Issues Proposal Regarding Ownership Provisions in the Consolidation Subtopic
• FASB Issues Guidance on Measuring Fair Value of Certain Alternative Investments
• FASB Issues ASU Regarding Measuring Liabilities at Fair Value
• FASB issues a proposed ASU on the EITF consensus-for-exposure on Issue 09-B
• FASB Proposes ASU on Oil and Gas Reserve Estimation and Disclosures
• FASB Issues Technical Corrections and Other Changes to the Codification
• AICPA Oil and Gas Guide Working Draft
• FASB Votes to Defer Statement 167 for Interests in Certain Entities
• Proposed ASU, Improving Disclosures About Fair Value Measurements: FASB Decides to Defer Sensitivity Analysis and to Issue Other Proposed Disclosures
• Financial Reporting Considerations for Pension and Other Postretirement Benefits
• First Steps Revisited: Additional Tax Relief for Business and Homebuyers
• FASB Proposes to Amend Subsequent Events Date Disclosure Requirement
• SEC Releases Staff Accounting Bulletin No. 113
• Guidance on Material Modifications to Revenue Arrangements With Multiple Deliverables
• EITF Reaches Consensus on Accounting for Stock Dividends
• EITF Reaches Consensus-for-Exposure Regarding Effect of a Loan Modification When the Loan Is Part of a Pool That Is Accounted for as a Single Asset
• EITF Reaches Consensus-for-Exposure Regarding Impact of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Primarily Trades
• EITF Reaches Consensus-for-Exposure on Casino Base Jackpot Liabilities
• EITF Reaches Consensus-for-Exposure on the Definition of Deferred Acquisition Costs of Insurance Entities

Other Matters

• AICPA's ASB Proposes Various Statements on Auditing Standards
• SEC Proposes Rule to Provide Temporary Filing Accommodation for Static Pool Information
• GAO Issues Report on Troubled Asset Relief Program
• SEC Chairman Issues Letter to Broker-Dealer CEOs on Compensation Arrangements
• SEC Sends Sample Letter to Public Companies About MD&A Disclosure Regarding Provisions and Allowances for Loan Losses
• PCAOB Issues Staff Guidance
• SEC's Division of Corporation Finance Issues Compliance and Disclosure Interpretations
• SEC Announces New Division of Risk, Strategy, and Financial Innovation
• SEC Investor Advisory Committee Forms Subcommittees
• SEC Further Defers Section 404(b) Requirement for Non-accelerated Filers
• SEC Staff Releases Observations From Review of Interactive Data Financial Statements
• SEC Issues Draft Strategic Plan for 2010-2015
• SEC Proposes Amendments to Rules Requiring Internet Availability of Proxy Materials
• COSO Releases Paper on the Role of the Board of Directors in Enterprise Risk Management
• SEC Observations and Expectations About Executive Compensation Disclosures
• SEC's Division of Corporation Finance Issues Compliance and Disclosure Interpretations on Oil and Gas Rules
• SEC Staff Issues Bulletin on Shareholder Proposals
• SEC Issues Final Rule Adopting Updated EDGAR Filer Manual
• SEC Releases PCAOB Proposal on Auditing Standard 7
• Reports Released by the Institute of Internal Auditors Audit Executive Center
• Sample Forms Published by the PCAOB