| Financial Crisis related projects |
|
Estimated publication date |
|
|
|
2009 Q2
|
2009 Q3
|
2009 Q4
|
2010 H1
|
2010 H2
|
2011
|
2011+
|
IASB-FASB Collaboration |
|
Proposals out for public comment |
MoU [Note 1] |
Joint [Note 2] |
|
Derecognition [ED, comments due by 31 July 2009] |
RT |
|
|
IFRS |
|
|
|
|
|
|
Documents currently being developed |
|
Consolidation |
RT |
|
IFRS |
|
|
|
|
|
|
|
Credit risk in liability measurement |
DP |
|
|
|
|
|
|
|
|
|
Fair value measurement guidance |
ED |
|
RT |
IFRS |
|
|
|
|
|
|
Financial instruments (IAS 39 replacement)
|
|
|
|
|
|
|
|
|
|
|
Classification and measurement |
|
ED
|
IFRS |
|
|
|
|
|
|
|
Impairment
|
|
|
ED |
IFRS |
|
|
|
|
|
|
Hedging |
|
|
ED |
|
IFRS |
|
|
|
|
|
Recently completed projects |
|
Embedded derivatives (IAS 39/IFRIC 9). Amendments issued in February 2009, for annual periods ending on or after 30 June 2009. |
|
Financial instruments: enhanced disclosures. Amendments issued in February 2009, for annual periods beginning on or after 1 January 2009. |
|
Investments in debt instruments. In the light of comments received, the Board decided not to proceed with the amendments. The Board will assess the impairment requirements as part of a wider examination of IAS 39. |
|
Fair value measurement and impairment of financial instruments [FASB FSPs – Request for Views]. In the light of comments received, the Board decided to consider impairment as part of its wider, and urgent, examination of IAS 39. |
|
| New standards |
|
|
Estimated publication date |
|
|
|
2009 Q2
|
2009 Q3
|
2009 Q4
|
2010 H1
|
2010 H2
|
2011
|
2011+
|
IASB-FASB Collaboration |
|
Proposals out for public comment |
MoU [Note 1] |
Joint [Note 2] |
|
Revenue recognition [DP, comments due 19 June 2009] |
|
|
|
ED |
|
IFRS |
|
|
|
|
Leases [DP, comments due 17 July 2009] |
|
|
|
ED |
|
IFRS |
|
|
|
|
Income taxes [ED, comments due by 31 July 2009] |
|
|
|
|
IFRS |
|
|
|
|
|
|
|
Estimated publication date |
|
|
Documents currently being developed |
2009 Q2
|
2009 Q3
|
2009 Q4
|
2010 H1
|
2010 H2
|
2011
|
2011+
|
IASB-FASB Collaboration |
|
MoU [Note 1] |
Joint [Note 2] |
|
Emissions trading schemes |
|
|
ED |
|
IFRS |
|
|
|
|
|
Financial statement presentation |
|
|
|
ED |
|
IFRS |
|
|
|
|
FI with characteristics of equity |
|
|
ED |
|
|
IFRS |
|
|
|
|
IFRS for SMEs |
IFRS |
|
|
|
|
|
|
|
|
|
Insurance contracts |
|
|
ED |
|
|
IFRS |
|
|
|
|
Joint ventures |
|
IFRS |
|
|
|
|
|
|
|
|
Management commentary |
ED |
|
|
|
CG |
|
|
|
|
|
Post-employment benefits (incl. pensions) |
|
ED
|
|
|
|
IFRS
|
|
|
|
|
Rate-regulated activities |
|
ED |
|
IFRS |
|
|
|
|
|
|
| Amendments |
|
Proposals out for public comment |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nil |
|
|
|
|
|
|
|
|
|
|
|
Estimated publication date |
|
|
Documents currently being developed |
2009 Q2
|
2009 Q3
|
2009 Q4
|
2010 H1
|
2010 H2
|
2011
|
2011+
|
IASB-FASB Collaboration |
|
MoU [Note 1] |
Joint [Note 2] |
|
Annual improvements 2008-2010 |
|
ED |
|
IFRS |
|
|
|
|
|
|
Annual improvements 2009-2011 |
|
|
|
|
ED |
IFRS |
|
|
|
|
Discontinued operations (IFRS 5) |
|
|
IFRS |
|
|
|
|
|
|
|
Earnings per share (IAS 33) |
|
|
|
|
IFRS |
|
|
|
|
|
First-time adoption of IFRSs (IFRS 1): additional exemptions |
|
IFRS |
|
|
|
|
|
|
|
|
Amendments to IFRIC 14 |
ED |
|
IFRS |
|
|
|
|
|
|
|
Liabilities (IAS 37 amendments) |
|
|
IFRS |
|
|
|
|
|
|
|
Related party disclosures (IAS 24) |
|
IFRS |
|
|
|
|
|
|
|
|
Share-based payment: group cash-settled transactions (IFRS 2 and IFRIC 11) |
IFRS |
|
|
|
|
|
|
|
|
|
Recently completed projects |
|
Annual improvements 2007-2009. IFRS published in April 2009. |
|
| Conceptual Framework |
|
Proposals out for public comment |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nil |
|
|
|
|
|
|
|
|
|
|
|
Estimated publication date |
|
|
Documents currently being developed |
2009 Q2
|
2009 Q3
|
2009 Q4
|
2010 H1
|
2010 H2
|
2011
|
2011+
|
IASB-FASB Collaboration |
|
MoU [Note 1] |
Joint [Note 2] |
|
Phase A: Objectives and qualitative characteristics |
|
Final chapter |
|
|
|
|
|
|
|
|
Phase B: Elements and recognition |
|
|
|
|
DP |
|
|
|
|
|
Phase C: Measurement |
|
|
DP |
|
ED |
|
|
|
|
|
Phase D: Reporting entity |
|
ED |
|
Final chapter |
|
|
|
|
|
|
The IASB and the FASB will amend sections of their conceptual frameworks as they complete individual phases of the project. Phases E to H Presentation and disclosure, Purpose and Status, Application to not-for-profit entities and Remaining issues have not yet started. |
|
| Research and other projects |
|
Documents currently being developed |
2009 Q2
|
2009 Q3
|
2009 Q4
|
2010 H1
|
2010 H2
|
2011
|
2011+
|
IASB-FASB Collaboration |
|
MoU [Note 1] |
Joint [Note 2] |
|
Extractive activities (prepared for the IASB by representatives from the national standard-setters of Australia, Canada, Norway and South Africa). |
DP |
|
|
|
AD |
|
|
|
|
|
Common control transactions was added to the agenda in December 2007. Work will begin when staff working on projects related to the financial crisis become available. |
|
Work on the government grants project has been deferred pending progress in the revenue recognition, related parties and emissions trading schemes projects |
|
In December 2007 the IASB decided not to add a project on intangible assets to its active agenda. National standard-setters are carrying out research for a possible future project. The Australian Accounting Standards Board has published a discussion paper Initial Accounting for Internally Generated Intangible Assets. |