International Accounting Standards Board: Developments in IFRS

Financial Instruments, Revenue Recognition, Leases, and Insurance

Financial Instruments, Leases, and Insurance

Wayne Upton and Michael Stewart give an overview of the issues discussed during the September 2011 IFRS Interpretations Committee meeting, including IAS 37 Provisions, Contingent Liabilities and Contingent Assets—Determining when to recognise a liability for levies, IAS 12 Income Tax—Applying the rebuttable presumption to determine the manner of recovery of investment property, IFRS 10 Consolidated Financial Statements—Transitional requirements, meaning of 'the date of initial application', IFRS 3 Business Combinations—Definition of a business and IFRS 11 Joint Arrangements—Acquisition of an Interest in a Joint Operation.

Effective date of IFRS 9, Hedge Accounting, eg risk components and disclosures

Lease Accounting, Impairment, effective dates (IFRS 9 and Revenue Recognition), Agenda Consultation and other matters (Hedge Accounting, Insurance, Disclosure)

Robert Garnett and Michael Stewart give an overview of the issues discussed during the July 2011 IFRS Interpretations Committee meeting, including consideration of when to recognise a liability (and associated charge) for levies (IAS 37 Provisions, Contingent Liabilities and Contingent Assets), determining when the purchase of an investment property is a business combination (IFRS 3 Business Combinations and IAS 40 Investment Property), consideration of how to account for the acquisition of an interest in a joint operation where that joint operation carries on a business (IFRS 11 Joint Arrangements) and a discussion of concerns relating to the aggregation of operating segments and the identification of the Chief Operating Decision Maker in the context of segment disclosures (IFRS 8 Operating Segments).

Insurance, Leases, Impairment, Revenue Recognition, and Offsetting

Insurance, Hedge Accounting, education sessions on Leases and Revenue Recognition

Insurance, Leases, Revenue Recognition, Financial Instruments, and future activities

Insurance, Hedge Accounting, education sessions on Leases and Revenue Recognition

Robert Garnett and Michael Stewart give an overview of the issues discussed during the May 2011 IFRS Interpretations Committee meeting, including IAS 19 Employee Benefits—Defined contribution plans with vesting conditions, IAS 7 Statement of Cash Flows—Classification of interest paid that is capitalised as part of the cost of an asset, IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment—Use of IFRIC 6 by analogy.

Insurance, Leases, Revenue Recognition, Hedge Accounting, Impairment, and future activities

Insurance, Leases, Revenue Recognition, and future activities

Insurance, Leases, Revenue Recognition, and future activities

Robert Garnett and Michael Stewart give an overview of the issues discvussed during the January 2011 IFRS Interpretations Committee meeting, including accounting for production phase stripping costs in the mining industry, put options written over non-controlling interests, contingent pricing of property, plant and equipment and intangible assets, and clarification of meaning of continuous transfer.

Revenue Recognition, Insurance, Leases, Financial Statement Presentation, effective dates consultation, and coming events

Cross-cutting issues, Insurance Contracts, Revenue Recognition, Leases, Post-employment Benefits and Financial Instruments: Impairment

Revenue Recognition, cross-cutting issues, Insurance, Leases, and Post-employment Benefits

Revenue Recognition, Leases, comment letter database, Post-employment Benefits, and Insurance