IASB Meeting December 2007

The Board discussed the accounting for government grants in the context of a proposal to activate work on its Emissions Trading Schemes project .

The Board decided to activate the emissions project, but decided to limit the scope of the project to the issues that arise in accounting for emissions trading schemes, rather than addressing broadly the accounting for all government grants (which would have involved activating the IAS 20 project).

The Board will continue to monitor progress in related projects to determine the appropriate timing for activating work on the IAS 20 project.