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Highlights from the FASB’s April 23 meeting

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Apr 24, 2014

At its April 23, 2014, meeting, the FASB discussed its preagenda research on cash flows and its classification and measurement project.

The FASB also met with the IASB via videoconference to discuss the boards’ joint project on leases (see the article summarizing the joint session).


Cash flows

The FASB reviewed preagenda research on cash flows related to the classification of certain types of cash receipts and cash payments. The Board did not make agenda decisions at this educational session.

For more information, see the meeting minutes on the FASB's Web site.


Financial instruments — Classification and measurement

The FASB continued redeliberating its proposed Accounting Standards Update, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The Board made new tentative decisions related to changes in fair value attributable to instrument-specific credit risks and reaffirmed an earlier decision.

For more information, see the related Deloitte Accounting Journal entry and the meeting minutes on the FASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.