Sunday 21 March 2010

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Liabilities

IASB Meeting Summaries and Observer Notes

 

 

IASB December 2009

15 December 2009

The Board decided in October 2009 to re-expose for further comment one section of a proposed new standard to replace IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

IASB November 2009

19 November 2009

The Board considered the proposed measurement requirements for liabilities within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

IASB September 2009

16 September 2009

The Board discussed:

IASB July 2009

22 July 2009

The Board discussed proposed amendments to the measurement requirements in IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

IASB June 2009

17 June 2009

The Board continued its discussions on the project to amend IAS 37 Provisions, Contingent Liabilities and Contingent Assets and considered:

IASB April 2009

23 April 2009

The Board previously decided tentatively that liabilities within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets should be measured at the amount the entity would rationally pay at the end of the reporting period to be relieved of the present obligation, ie to settle it or to transfer it to a third party.

IASB December 2008

16 December 2008

The exposure draft of proposed amendments to IAS 37, published in 2005, proposes to eliminate from IAS 37 the term ‘contingent liability’.

Joint IASB / FASB October 2008

21 October 2008

The boards discussed the role of expected cash flows in recognition and measurement decisions.

IASB May 2008

22 May 2008

In 2005, the Board published an exposure draft of proposed amendments to IAS 37 and IAS 19. At this meeting, the Board considered comments received on the exposure draft’s proposals for termination benefits and made the following tentative decisions:

IASB April 2008

16 April 2008

The Board considered draft text relating to the measurement of liabilities. It was tentatively decided that the measurement requirements should be included in the body of the standard, with application guidance being in an appendix.