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Highlights from the FASB’s November 24 meeting

  • FASB meeting Image

Nov 25, 2014

At its November 24, 2014, meeting, the FASB discussed presentation matters related to its project on the conceptual framework.

The Board considered factors recommended by its staff to help the Board establish standards for “aggregating individual assets, liabilities, equity, revenue, expenses, gains, and losses into line items in financial statements.” The FASB tentatively decided that the factors were appropriate; however, it directed the staff “to consider how to weigh the factors in various circumstances and how practical considerations (such as space limitation and cost).”

For more in­for­ma­tion, see the ten­ta­tive Board de­ci­sions 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.