It is already clear that 2012 will be a crucial year for the IASB. During the course of this year, the final texts of the joint projects on financial instruments, revenue recognition, leases and insurance contracts should all be published. Much is thus expected of the IASB.
Nevertheless, the new year has not started in top gear. January has been relatively quiet, and few important decisions have been taken at the Board’s meetings. Only discussions in the IFRS Interpretations Committee (formerly IFRIC) on the accounting treatment of changes in the obligation due to sale options granted to non-controlling interests have shaken us out of the torpor of this severe winter.
Enjoy your reading!
Three IASB members reappointed
Leases: the two boards take a break
Standards on consolidation: the IASB will not defer the effective date
Early retirement programmes
Reopening of Phase 1 of IFRS 9: Classification and measurement
Impairment of financial assets – proposal of a specific treatment for assets purchased with an explicit expectation of credit losses at the acquisition date
EFRAG publishes its draft endorsement advice(s) on the new standards on consolidation
EFRAG publishes a Discussion Paper on Business Combinations under Common Control
EFRAG publishes a Discussion Paper on accounting for corporate income taxes
A closer look
Puts on non-controlling interests (NCI): the Committee recommends recognition of changes in P&L
Beyond the GAAP n°52 January 12
Some of these cookies are necessary, while others help us analyse our traffic, serve advertising and deliver customised experiences for you.