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Pre-meeting summaries for the May IASB meeting


  • IASB (International Accounting Standards Board) (blue) Image

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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