Financial Instruments with Characteristics of Equity (formerly Liabilities and Equity)—Joint Project of the FASB and IASB

Last Updated: October 26, 2010 (Updated sections are indicated with an asterisk *)

Meeting Materials and Minutes

The Board meeting minutes are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions become final only after a formal written ballot to issue a final standard.

 

Minutes (and some Meeting Materials)

Topic

IASB

FASB

Other

*Board meeting (joint)—moving forward: targeted improvement approach October 22, 2010 October 22, 2010  
Board meeting (joint)—economic compulsion, accounting requirements for settlement, conversion, expiration and modification of an instrument, and disclosure requirements March 11, 2010 March 11, 2010   
Board meeting (joint)—broad classification issues February 18, 2010 February 18, 2010   
Board meeting (joint)—classification of instruments an entity will settle by issuing its own shares January 18, 2010
January 18, 2010   
Board meeting (joint)—classification principles for certain share-settled instruments December 16, 2009 December 16, 2009   
Board meeting (joint)—classification of share-settled insturments October 26, 2009 October 26, 2009  
Board meeting—describing the classification approach and classification of a subsidiary’s equity instruments in consolidation   August 27, 2009  

Board meeting (joint)— displaying in the statement of comprehensive income the changes in the fair value of a liability instrument

July 24, 2009 July 24, 2009   

Board meeting—measurement of freestanding equity instruments and equity hybrids and instruments classified as liabilities or assets

June 18, 2009

June 10, 2009

 

Board meeting—proposed principles and decisions rules for distinguishing between liability instruments and equity instruments

May 21, 2009

May 6, 2009

 

Board meeting—developing a classification model

March 19, 2009

March 16, 2009

 

Board meeting—defining liabilities and equity; classifying puttable and mandatorily redeemable instruments

January 21, 2009

January 28, 2009

 

Board meeting—developing a classification model

November 20, 2008

November 19, 2008

 

Board meeting (joint)—selecting an approach to be used as a starting point for future deliberations

October 21, 2008

October 21, 2008

 

Roundtable—discussion on financial instruments with characteristics of equity

 

September 8, 2008

September 8, 2008 Roundtable Materials

Board meeting—comment period and classification of dividends payable

 

October 10, 2007

 

Board meeting—equity classified instruments under the Ownership Approach

 

June 27, 2007

 

Board meeting—settlement of indirect ownership instruments and the Board’s preferred approach in Preliminary Views document

 

May 8, 2007

 

Board meeting—short-term improvements based on certain L&E disclosures

 

January 3, 2007

 

Board meeting—follow-up issues related to the REO Approach

 

November 15, 2006

 

Board meeting—informational meeting to update the IASB (FASB and IASB)

 

 

October 23, 2006

Board meeting—display under the Ownership Approach

 

August 16, 2006

 

Board meeting—objectives and principles for linkage and substantive features

 

March 15, 2006

 

Board meeting—measurement and a display of instruments not separated and a description of the nonequity component

 

November 29, 2005

November 29, 2005 Meeting Handout

Board meeting—separation criteria and Obligation First Approach

 

October 5, 2005

 

Board meeting—definition of multiple-component instruments and separation criteria

 

June 29, 2005

 

Board meeting—display and measurement, issuance costs, recognition of forward contracts, and subsequent reclassification assessments

 

May 11, 2005

 

Board meeting—resource group issues for Milestone Draft

 

April 6, 2005

 

Board meeting—resource group issues for Milestone Draft

 

March 30, 2005

 

Board meeting—resource group comment letter analysis on the Milestone Draft

 

March 2, 2005

 

Financial Accounting Standards Advisory Council Meeting  (FASB)

 

 

December 2, 2004

Small Business Advisory Committee Meeting (FASB)

 

 

December 1, 2004

Board meeting—determining a direct ownership relationship and settlement alternatives

 

November 24, 2004

 

Board meeting—distinguishing assets from equity and settlement alternatives

 

November 3, 2004

November 3, 2004
Meeting Table, Flowchart, and Examples

Board meeting—approaches in distinguishing liabilities from equity for single-component instruments

 

October 6, 2004

 

Board meeting—possible principles for distinguishing liabilities and assets from equity

 

July 16, 2004

 

Financial Accounting Standards Advisory Council Meeting (FASB)

 

 

June 22, 2004

Board meeting—REO Approach—decision to pursue

 

May 26, 2004

 

Project Resource Group meeting (FASB)

 

 

May 18, 2004

Board meeting—REO Approach presentation

 

May 5, 2004

 

Board meeting—conceptual language, hierarchy, and remaining simple instrument issues

 

February 18, 2004

 

Liaison meeting to discuss how the Board’s decisions on the Combinations between Mutual Enterprises and the Liabilities and Equity projects would impact mutual enterprises

 

January 27, 2004

 

Board meeting—unconditional simple instruments

 

January 21, 2004

 

Board meeting—unconditional simple instruments

 

January 14, 2004

 

Board meeting—distinction between equity and liabilities or assets

 

December 3, 2003

 

Board meting—financial instrument examples for Phase 2

 

October 1, 2003

October 1, 2003 Meeting Handout

Board meeting—scope and Plan for Phase 2

 

July 9, 2003