This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Highlights from the FASB’s September 3 meeting

  • FASB meeting Image

Sep 04, 2014

At its September 3, 2014, meeting, the FASB discussed its projects on impairment and the disclosure framework.


Financial instruments — impairment

The FASB continued redeliberating its proposed ASU Financial Instruments — Credit Losses (Subtopic 825-15) and made tentative decisions related to (1) the definition of a write-off; (2) whether an entity should consider renewals, extensions, and modifications in estimating expected credit losses; and (3) how an entity would estimate expected credit losses on certain loan commitments.

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


Disclosure framework: disclosure review — fair value measurement

The FASB discussed how it might apply its proposed concepts statement Conceptual Framework for Financial Reporting — Chapter 8: Notes to Financial Statements in changing disclosure requirements related to fair value measurement. No decisions were made.

For more information, see 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.