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IASB/FASB leasing redeliberations – February 2012

What is the issue?

The IASB and FASB met in February to discuss:

Lessee accounting – subsequent measurement; and
Lessor accounting – proposed scope exemption for investment properties.

There was some discussion of lessor accounting and a growing concern about the scope exemption for all investment properties, but most of the meeting dealt with subsequent measurement of the lessee’s right-of-use asset. The boards agree on many aspects of lessee accounting, but there is disagreement on how the right-of-use asset should be amortised.

Straight away publications

2012-03-02 IASB/FASB leasing redeliberations – February 2012
2011-12-20 Amendment to transition guidance in IFRS 10
2011-12-18 IASB clarifies offsetting requirements and requires new converged disclosures
2011-12-18 IASB delays IFRS 9 effective date
2011-11-14 IASB and FASB issue new revenue recognition exposure draft

More

Less

2012-03-02 IASB/FASB leasing redeliberations – February 2012
2011-12-20 Amendment to transition guidance in IFRS 10
2011-12-18 IASB clarifies offsetting requirements and requires new converged disclosures
2011-12-18 IASB delays IFRS 9 effective date
2011-11-14 IASB and FASB issue new revenue recognition exposure draft
2011-10-21 IC Guidance on accounting for stripping costs
2011-10-21 Leasing redeliberations
2011-09-23 Leasing redeliberations - September 2011
2011-08-26 IASB proposes that "investment entities" record investments at fair value through profit or loss
2011-08-26 Leasing redeliberations - July 2011
2011-08-05 IASB propose to delay IFRS 9 effective date
2011-07-29 IASB seeks comment on its future work plan
2011-07-01 IASB updates work schedule for financial instruments, leases and insurance contracts
2011-06-24 $result.pwc_rvp_title
2011-06-23 IASB publishes exposure draft on improvements project 2011
2011-06-17 IAS 19 amendment significantly changes accounting for employee benefits
2011-06-16 IASB amends IAS 1 for presentation of items of other comprehensive income
2011-06-16 IASB and FASB to re-expose proposed revenue standard
2011-06-15 Lease deliberations - June 2011
2011-05-31 Possible method of incorporating IFRS in the US
2011-05-23 Revenue deliberation plan on track
2011-05-20 Leasing redeliberations - May 2011
2011-05-13 Guidance on fair value measurement and disclosure issued
2011-05-12 Consolidation standard (IFRS 10) revises definition of control
2011-05-12 IFRS 11, 'Joint arrangements', brings major change to accounting for joint ventures
2011-05-12 Key standard on disclosure of interests in other entities published
2011-04-26 IASB and FASB provide an update on convergence
2011-04-20 Redeliberations on accounting for leases - April 2011
2011-04-18 Key decisions propel the revenue project forward
2011-04-15 IASB and FASB extend timetable for key projects
2011-03-28 Tentative decisions reached on key revenue recognition issues
2011-03-25 IASB/FASB leasing redeliberations – March 2011 (third March meeting)
2011-03-16 Redeliberations on accounting for leases
2011-02-22 Substantial changes to the leasing standard
2011-02-21 Agreement reached on key issues in the revenue recognition project
2011-02-02 Constituents speak their mind on the leasing project
2011-02-01 Common impairment model for financial assets
2011-01-31 Key differences in offsetting requirements
2011-01-27 Change of course on financial assets

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Contacts

Zubair Wadee: Director; Johannesburg; Tel: +27 11 797 5875
Nicholas Ganz: Director; Johannesburg; Tel: +27 11 797 5568