Agenda for December 2006 IASB meeting
from "IAS PLUS" 2 December 2006
The International Accounting Standards Board will hold its December 2006 Board meeting at its offices, 30 Cannon Street, London, on Tuesday through Thursday 12-14 December 2006. Presented below is the preliminary agenda for the meeting.
BOARD MEETING AGENDA
12-14 December 2006, London
Tuesday 12 December 2006
- IFRIC: Draft IFRIC Due Process Handbook
- Post-employment Benefits Discussion Paper
- 1. Scope
- 2. Options for distinguishing defined benefit and defined contribution plans.
Consolidations Application of the control model to fund managers and investment companies
Short-term Convergence: Borrowing Costs Comment letter analysis
Conceptual Framework Reporting entity phase
Wednesday 13 December 2006
- Financial Instruments Interest margin hedging [Education Session]
- Representatives from the European Banking Federation will hold an education
session for the Board, at which they will present a proposed alternative hedge accounting model.
- Annual Improvements - 2006 [Please note this session may be moved to Tuesday 12 December if other
sessions on that day take less time than anticipated]
- 1. Should IAS 1 Presentation of Financial Statements be amended to provide guidance on situations where the financial statements of an entity are based on, but not in full compliance with, IFRSs?
- 2. Should the term 'point-of-sale costs' in IAS 41 Agriculture be replaced with 'costs to sell' to improve consistency with other IFRSs?
- 3. Should IAS 38 Intangible Assets permit the use of the unit of production method of amortisation when it results in a lower amount of accumulated amortisation than the straight-line method?
- Financial Instruments Hedging of portions of cash flow or fair value exposure
- Financial Instruments Due Process Document: Recognition and Measurement
Thursday 14 December 2006
- Technical plan
- Financial Statement Presentation phase A Exposure Draft of Proposed Amendments to IAS 1 Presentation of Financial Statements: Comment letter analysis.
- Financial Statement Presentation phase B:
- 1. issues related to the statement of cash flows (primarily whether the direct or indirect method should be used)
- 2. alternative formats for presenting other recognised income and expense items in the statement of recognised income and expense
- 3. how the working format currently being developed might be applied by financial institutions and what modifications, if any, are necessary to address their financial statement presentation needs.
- Business Combinations Phase II Redeliberations of the proposed revised IFRS 3:
- 1. measurement of non-controlling interests and goodwill
- 2. accounting for contingencies, loan loss reserves, and insurance contracts in a
business combination
- 3. whether use of the acquisition method should be required for combinations
between mutual entities and combinations achieved by contract alone
- 4. issues related to IFRS 2 Share-based Payment.