IFRS GAAP FASB IASB convergence projects download

1. Effective dates and transition methods In brief: IFRS Foundation responds to SEC's final report on IFRS "Work Plan" Dataline: SEC Staff releases its final report on its IFRS Work Plan In brief: SEC Staff releases final report on its IFRS Work Plan Point of view: The path forward for international standards in the United States

2. Financial instruments In brief: FASB exposes consequential amendments for classification and measurement of financial instruments In brief: FASB issues Q&A and extends comment period for credit impairment proposal Dataline: Financial instruments classification and measurement - FASB issues its exposure draft In brief: IASB issues exposure draft on impairment of financial instruments In brief: FASB proposes a new model for classification and measurement of financial instruments Dataline: An overview of the FASB's current expected credit loss model In brief: FASB reaches conclusion on impairment model for financial assets measured at FV-OCI In brief: IASB proposes limited amendments to its financial instruments guidance under IFRS 9 In brief: FASB makes key decisions about the revised impairment model for financial assets In brief: FASB decides to explore a revised impairment model for financial assets In brief: FASB announces intent to further discuss key aspects of proposed impairment model In brief: FASB and IASB agree on three-category financial asset classification and measurement approach In brief: FASB and IASB discuss the potential for a more converged financial instrument accounting a In brief: IASB delays IFRS 9 effective date In brief: Let's try again - the impairment model for financial assets refined Dataline: An update on the FASB's financial instruments project redeliberations as of June 30, 2011 Dataline: Accounting for hedging activities - A comparison of the FASB’s and IASB’s proposed mod Dataline: Changes to financial instruments accounting - impacts for nonfinancial services companies

3. Revenue recognition In brief: Boards meet separately on revenue Ã¢â‚¬â€œ FASB on effective date and non-publi In brief: Boards conclude key revenue redeliberations with decisions on disclosures and transition In brief: Boards decide on scope of revenue recognition standard and other matters Dataline: Boards conclude redeliberations on key revenue measurement and recognition issues In brief: Boards conclude redeliberations on key revenue measurement and recognition issues In brief: Boards make decisions on several major outstanding revenue issues Dataline: Revenue from contracts with customers: The redeliberations continue In brief: FASB and IASB decide on revenue contract modifications and measures of progress In brief: FASB and IASB make progress on revenue redeliberations; more to come Dataline: Revenue from contracts with customers - Ready, set, redeliberate In brief: FASB and IASB redeliberate to make the proposed revenue standard less "onerous" Dataline: Responses are in on the re-exposed proposed revenue standard Dataline: Revenue from contracts with customers - The proposed revenue standard is re-exposed 10Minutes on the future of revenue recognition

4. Leases In brief: Lease accounting proposal expected by mid- May 2013; alternative views expressed Dataline: Leases - One size does not fit all: A summary of the boards' redeliberations In brief: Lease accounting deliberations come to an end, but alternative views are upcoming A dual model for lease accounting: redrawing the lines In Brief: FASB and IASB deliberate lessee accounting - May 2012 In Brief: FASB Chairman provides status update on insurance contracts project In brief: Can we talk about lessee accounting - again?In brief: FASB and IASB make significant decisions related to lessor accounting and transitionIn brief: Transition decision postponed - will this delay re-exposure of the Leases exposure draft?In brief: FASB and IASB agree to re-expose leasing ED and agree on one lessor accounting modelDataline: Redeliberations of the leasing project - Some new twistsIn brief; Leases: FASB and IASB change course10Minutes on the future of lessee accountingDataline: A new approach to lease accounting - Proposed rules would have far reaching implications

5. Fair value measurement In brief: FASB clarifies scope of nonpublic entity fair value disclosure exemption Dataline: Adoption of the new guidance: First quarter 2012 measurement and disclosure observations Dataline: "New fair value measurement standard - Adoption of the new guidance: First quarter 2012 Dataline: Implementation guidance for new disclosure requirementsDataline: New fair value measurement standard - Implementation guidance for key changes to the measuDataline: Fair value measurement - FASB and IASB complete joint projectIn brief: FASB and IASB issue final fair value guidance

SECTION: Statement of comprehensive income
In Brief: FASB to issue a revised proposal on reclassifications from other comprehensive income
Dataline: Presentation of comprehensive income - Applying the FASB's final standard

SECTION: Balance sheet offsetting
In brief: FASB finalizes amendment to clarify the scope of balance sheet offsetting disclosures
In brief: FASB further clarifies the scope of balance sheet offsetting disclosures
In brief: FASB amends and clarifies scope of balance sheet offsetting disclosures
In brief: FASB issues final standard on balance sheet offsetting disclosures
In brief: FASB and IASB take separate paths on derivatives netting rules

SECTION: Pensions and postemployment benefits
In brief: FASB issues final standard to enhance disclosures for multiemployer pension plans
Dataline: Pension/OPEB accounting - Understanding changes expected from the IASB
In brief: IASB issues amendments to IAS 19, Employee benefits

9. Insurance contracts In brief: FASB decides on new accounting model for certain guarantees In Brief: FASB Chairman provides status update on insurance contracts project Insurance contracts: Summary as of March 7, 2012 PwC summary of FASB education session - Insurance contracts (January 18 2012)

10. Consolidation In brief: FASB moves forward with final standard on investment companies In brief: IASB finalizes definition of an "investment entity" In brief: IASB finalizes amendments to transition guidance for new consolidation standards In brief: IASB proposes amending transition guidance for new consolidation standard In brief: IASB proposes amending transition guidance for new consolidation standard Dataline: FASB proposes to align investment company definition with IFRS proposalDataline: A look at the new IFRS consolidation standard and how it compares to US GAAPIn brief: IASB proposes accounting guidance for investment entities

11. Financial instrument presentationDataline: Financial Statement Presentation - A look at the FASB and IASB's Staff draft

12. Contingencies In brief: FASB votes to discontinue loss contingencies project Dataline: Disclosure of Certain Loss Contingencies - An analysis of the FASB's proposed changes

Downloads: US GAAP convergence and IFRS: What you need to know about the FASB and IASB’s joint projects

Summary document

Project-specific documents