Highlights from the FASB’s December 10 meeting
Dec 12, 2014
At its December 10, 2014, meeting, the FASB discussed its projects on (1) consolidation and (2) improvements to employee share-based payment accounting.
Consolidation
The FASB discussed certain significant items related to its consolidation project that had been raised during the external review process. A significant portion of the discussion focused on (1) how entities that are required to comply with or operate in accordance with the requirements of the Investment Company Act of 1940 should be evaluated for consolidation and (2) whether kick-out rights held by a general partner and its related parties should affect the consolidation analysis.
For more information, see the related Deloitte Accounting Journal entry and the meeting minutes on the FASB’s Web site.
Improvements to employee share-based payment accounting
The FASB considered whether to simplify private-company accounting for share-based payments “by providing one or more practical expedients.” The Board deferred making any decisions on this topic until it receives and considers the PCC’s feedback.
For more information, see the meeting minutes on the FASB’s Web site.
