Skip to main content

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.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Joint IFRS Foundation and MASB 2017 IFRS Regional Conference—Kuala Lumpur

The IFRS Foundation and the Malaysian Accounting Standards Board (MASB) are jointly hosting an IFRS conference at the Hilton Hotel in Kuala Lumpur on Friday 8 September 2017.  This one-day conference will bring together representatives of the International Accounting Standards Board (the Board) who will discuss IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases. The speakers will focus on practical implementation issues and challenges of these new Standards. The conference will also provide unique insight into standard-setting projects and enable participants to hear about financial reporting—directly from the people who set the Standards. Friday 08 September 2017 Starts: 09:00  Ends: 18:00 Hilton Kuala Lumpur Hotel, 3, Jalan Stesen Sentral 5, 50470 Kuala Lumpur, Malaysia Further information Presenters include Board Member Mary Tokar, Director of Education Matt Tilling and Senior Technical Manager Kathryn Donkersley. The speakers will also pro...
Post a Comment
Explore more »

Finance Leadership & Development

  What Do We Mean by Finance Leadership & Development? Finance leadership and development involves ensuring that professional accountants in business—or finance professionals, as they are often called—respond to the continually changing expectations of their organizations, the financial markets, and society. “Professional accountants in business” have diverse roles, and support their organizations in a wide range of job functions at various levels. These include: Leadership/management: chief executive officer (CEO); chief financial officer (CFO)/financial director (FD); chief operating officer; director of governance or operations; treasurer Operational: business unit controller; financial or performance analyst; cost accountant; resources manager; business support manager; systems analyst Management control: business assurance manager; risk manager; compliance manager; internal auditor Accounting and stakeholder communications: group controller; head of reportin...
Post a Comment
Explore more »

HISTORY OF FMDQ OTC IN NIGERIA

#BANKING             The FMDQ concept was promoted by the Financial Markets Dealers Association (FMDA) in 2009 and sponsored in 2010 by the Bankers’ Committee. The Bankers’ Committee is chaired by the Central Bank of Nigeria (CBN), with the Nigeria Deposit Insurance Corporation (NDIC) and all the banks and discount houses operating in Nigeria as its members. The Committee resolved to operate all the over-the-counter (OTC) inter-bank market activities in fixed income and currencies under a Securities and Exchange Commission (SEC)-registered self-regulatory organisation, and be governed by this authorised body.           In order to fulfil this purpose, FMDQ OTC Securities Exchange was incorporated on January 6, 2011 following a ₦100million contribution by the CBN and equal contribution of ₦15million by each of the 25 banks and 5 discount houses (operational as at December 2010) to the com...
Post a Comment
Explore more »