IASB November 2007

The Board discussed three topics relating to the measurement phase:

• A review of Milestone I, in which the measurement basis candidates were selected and defined. The Board noted that a few definitions or examples need editorial improvements.
• Revisions to the plan for the remainder of the measurement phase. The staff will present its remaining initial analysis and recommendations for Milestone II (in which the measurement basis candidates are evaluated) in a single package early in 2008. Some of the Milestone III issues (which relate to selecting measurement bases for the framework and practical considerations) will be included in Milestone II deliberations, and others will be deferred to other phases of the framework project or eliminated.
• A preview of a decision tool for evaluating and selecting measurement bases. The staff will continue its development of the decision tool for presentation to the Board early in 2008.