9 February 2007: Agenda for February 2007 IASB meeting (IAS Plus)

The International Accounting Standards Board will hold its February 2007 Board meeting at its offices, 30 Cannon Street, London, on Tuesday through Thursday 20-22 February 2007. Presented below is the agenda for the meeting.

Tuesday 20 February 2007 (afternoon only)

• Conceptual Framework – Discussion of:
  • 1. A working definition of a potential element, tentatively called claims, and its implications if used to replace the liabilities and equity elements
  • 2. A staff analysis of comments received on the July 2006 Discussion Paper on objective and qualitative characteristics

• Insurance Contracts – Continued discussion of a draft Discussion Paper
• Liability and Equity – Educational Session
• IAS 39 Definition of a Derivative – Indexation on an entity's own revenue or EBITDA (issue referred from IFRIC)

• IAS 41 Agriculture – Measurement: Whether to remove the prohibition on taking into account 'additional biological transformation' in estimating the fair value of biological assets using discounted cashflows (issue referred from IFRIC)
• Annual Improvements Process:
  • A perceived conflict in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors regarding the status of Implementation Guidance
  • Whether IFRS 1 should be restructured to make it less complex and more clear
• Post-employment benefits – Preliminary Views
  • Definition of defined contribution, defined benefit and asset-based benefit promises
  • Introduction to measurement options for cash balance and similar plans
  • Presentation options for defined benefit pension plans.
• Business Combinations Phase 2 – Redeliberations of proposed revisions to IFRS 3 Business Combinations
• Financial Statement Presentation