Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 5/04/2011

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide news and factual information on developments concerning International Financial Reporting Standards (IFRS).

March 2011 IASB meetings (2011/09) 

The March meetings of the IASB took place on 1-2, 14-18, 21-23 and 29 March 2011. The summary below combines the outcomes of the individual sessions from the March meetings. In a number of sessions the IASB held joint discussions with the FASB.
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The following projects were discussed:

  • financial instruments: hedge accounting
  • financial instruments: impairment
  • leases
  • insurance contracts
  • revenue recognition.

 

The IASB and the FASB also discussed effective dates and transition methods for key projects, and cross-cutting issues from the proposed disclosures in the revenue recognition, leases and insurance contracts due process documents.

 

The IASB separately discussed the forthcoming standards on disclosure of interests in other entities and fair value measurement, proposed changes to discontinues operations standard and the outcome of the outreach activities in respect of the financial statement presentation project.

IFRS Briefing Sheets - International financial reporting updates