IASB July 2008
22 July 2008
The Board discussed the project plan and the measurement of performance obligations.
IASB May 2008
22 May 2008
The Board discussed a draft chapter on measurement for its forthcoming discussion paper on revenue recognition. The chapter considers the fundamental issues involved in measuring a contract with a customer, including:
IASB FASB April 2008
21 April 2008
In July 2007, as part of the ‘Proactive Accounting Activities in Europe’ initiative, the European Financial Reporting Advisory Group (EFRAG), the Deutsche Rechnungslegungs Standards Committee (DRSC) and the Conseil National de la Comptabilité published a discussion paper Revenue Recognition—A European Contribution
IASB April 2008
17 April 2008
The Board discussed three draft chapters of its forthcoming discussion paper on revenue recognition.
IASB January 2008
21 January 2007
The Board considered the second of the two revenue recognition models that had been developed over the past year by the staff and a group of board members (drawn from both the IASB and FASB). This second model is called the customer consideration model.
IASB December 2007
12 December 2007
At its meeting in November, the Board began considering one of the two revenue recognition models that have been developed over the past year by the staff and a group of board members (drawn from both the IASB and FASB).
In that model, an entity would recognise the contract asset or liability that arises directly from the rights and obligations in an enforceable contract with a customer. It would measure that contract asset or liability at its current exit price. This is the price that a mark
IASB November 2007
13 November 2007
At the October joint meeting of the IASB and FASB, the staff provided a summary of two revenue recognition models that have been developed over the past year by the staff and a group of board members (drawn from both boards).
IASB and FASB October 2007
22 October 2007
In 2002 the Board launched its project on revenue recognition jointly with the FASB. The objective of the project is to develop a single coherent asset and liability model for revenue recognition. In such a model, revenue is a function of changes in assets and liabilities and is not based on the notions of realisation and the completion of an earnings process.
IASB FASB October 2006
24 October 2006
The boards considered the nature of the due process document on revenue recognition that is planned for publication next year.
IASB October 2006
19 October 2006
In preparation for its meeting with the FASB, the Board discussed a paper considering (a) a revised approach for undertaking this project and (b) the nature of the initial due process document planned for issue next year. No decisions were made.