Beyond the GAAP no.44 (English) - April 2011

In April, the IASB and the FASB decided to postpone the target date for completion of the major convergence projects on revenue recognition, lease accounting, financial instruments and insurance contracts. The final standards in these areas are now officially expected to be published no later than 31 December 2011 instead of 30 June. This will allow the necessary time for further reflection and to improve consultations with stakeholders on sensitive issues.


  • Antonio Zoido appointed as Trustee to the IFRS Foundation
  • Survey on the effective dates of new texts
  • The IASB and the FASB publish a progress report on their convergence programme
  • The IASB publishes a near final draft of the future standard on fair value measurement
  • The Board continues redeliberations of the Impairment phase of IFRS 9

A closer look

  • The IASB publishes its near final drafts of the future standards on consolidation
  • Leases: continued redeliberations
  • IASB and FASB continue their redeliberations on the Revenue Recognition project
  • Exposure draft on hedge accounting: analysis of comment letters and first IASB redeliberations


Beyond the GAAP n°44 - April 2011
Beyond the GAAP n°44 - April 2011