PPT-IASB

Leases Project Overview Identify a lease Lessee how big the liability will be Lessor accounting what has changed Other lease accounting issues Transition provisions What do you need to do to get ready for 2019. • The FASB and the IASB tentatively decided to add a new exception to their model for lessor accounting. • L eases of investment property held by lessors that do not meet the investme Page 1 of 9 For Discussion at the IASB IASB /FASB Meeting November 2009 IASB agenda reference 6C FASB memo reference 123C Contact(s) kbbement@fasb.org +1 (203) 956 - 5233 Henry Rees hrees@iasb.org +44 20 7246 6466 Project Revenue Recogniti The - setting body of the IFRS Foundation . The IFRS Foundation is a not - for - profit corporation under the General Corporation Law of the State of Delaware, United States of America Registered IASB Page 1 of 5 Field Testing – Round 1 In Round 1 of the targeted field test we ask you to submit information on specific topics ure that you provide the name of your organisation in th but . major concerns remain on the table. IFRS . 4 Phase II Update. IASB and FASB joint meetings –. June 2012. Francesco Nagari. 20 June . 2012. Agenda. Highlights of decisions and education sessions from this month joint meetings. 16C STAFF PAPER 20 September – 28 September REG IASB Meeting Project Insurance Contract Paper topic Residual Margin – Rate of accretion of interest CONTACT(S) Giel Pieterse gpieterse@ for insurance contracts Overview During its February meeting, the International Accounting Standards Board (IASB, or Board) continued redeliberations on its 2013 Exposure Draft Insurance Contracts [Revisions to this schedule are marked in bold] The EU endorsement status report Position as at 9 January 2015 EFRAG draft endorsement advice EFRAG endorsement advice ARC vote When might endorse ExposureDraftED/2015/3ConceptualFrameworkforFinancialReportingispublishedbytheInternationalAccountingStandardsBoard(IASB)forcommentonly.Theproposalsmaybemodifiedinthelightofthecommentsreceivedbeforebe 1 Heads Up IASB defers the Revenue from Contracts with Customers Contents Background IASB decision What should e ntities be doing? “ In summary ”  T he International Accoun CHARTERTHE IASB AND OTHER ACCOUNTING STANDARDSETTERS BACKGROUND Accoun ng standard-se ers 4Interna onal and regional groups and networks 5IASB consulta ve bodies 5THE CHARTER Overarching principles Developed and presented by Samuel A. Monastra, CPA. SAMUEL A. MONASTRA, CPA. Mr. Monastra is a Director with McGladrey, LLP. He has extensive experience with publicly held companies and large privately held companies. Industry focus: manufacturing, life sciences & technology, financial services, and public sector. . Chapter 6. Developing IFRS Standards. IFRS Foundation. Oversees IASB.. Independent body 22 trustees.. Mix of trustees reflects geographical spread of world’s capital markets.. Raises funds for standard setting process..